C.H. Robinson to Acquire Freightquote for 365 Million Dollars
EDEN PRAIRIE, MN - C.H. Robinson has reached an agreement to acquire Freightquote, one of the largest internet-based freight brokers in the U.S., for $365 million.
The Kansas City, MO-based company utilizes proprietary e-commerce technology to allow shippers to easily access competitive rates and automated load acceptance and payment functionality.
Speaking on the acquisition, John Wiehoff, Chairman and CEO of C.H. Robinson, commented, “E-commerce is going to be a bigger part of future supply chain services and Freightquote brings us a leading solution in our industry. Along with their track record of success, Freightquote has an established brand, a talented management team, excellent people, and a performance-based company culture.”
The acquisition will significantly expand C.H. Robinson’s presence in the Kansas City market and increase market share with small businesses. 
“Freightquote will operate as one of our flagship operations in Kansas City and we plan to continue to aggressively grow the operations there,” said Scott Satterlee, Senior Vice President of North America Surface Transportation, C.H. Robinson.
Tim Barton, Founder and Executive Chairman of Freightquote, will serve as a consultant to the company following the closing of the acquisition, which is expected to occur in the first quarter of 2015.
“We spent a long time looking for the right strategic partner and are pleased to join the C.H. Robinson organization,” said Barton. “The two companies complement each other and together we are well positioned for success into the future.”
The agreement is subject to certain customary closing conditions, including regulatory approval.
Congrats on this successful acquisition, C.H. Robinson!
