Freight broker FitzMark announced Monday the acquisition of refrigerated brokerage High Point Logistics (HPL) and less-than-truckload broker Pentonix Freight.
Financial terms of the transactions were not provided. The deals bring FitzMark’s acquisition tally to nine since it was founded in 2006.
“HPL and PENTONIX add to our existing capabilities in refrigerated, LTL, and managed transportation and fit our service-intensive, high reliability model,” said Scott Fitzgerald, FitzMark founder and CEO, in a news release.
Indianapolis-based 3PL FitzMark provides brokerage services and a proprietary TMS serving more than 3,000 shippers and 25,000 carriers. The company is backed by private equity firm Calera Capital.
HPL and Pentonix are based in Jackson, Tennessee, and Fort Worth, Texas, respectively.
“We believe this partnership will give our team the tools and support needed to take the next step – enhancing the services we provide and expanding what we can offer our customers,” said R.E. Butts, former owner of HPL.
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