Bregal Sagemount has made an undisclosed investment in freight services provider Internet Truckstop Group (ITG). The target will use the capital to expand its market reach.
ITG, located in New Plymouth, Idaho, provides online and technology logistic services such as mobile fleet management, load reporting and freight payment for transportation companies. Some of the brands it operates include: Truckstop.com, Real Time Freight, uDrive and D&S Factors. “New Capital will allow us to continue to innovate and roll out new products,” says ITG CEO Paris Cole. Signal Hill advised ITG.