Cross-border logistics technology platform Forager has begun to seek an exit.
According to sources with knowledge of the deal, the Chicago-based tech-enabled freight brokerage has engaged an investment banker, seeking a strategic buyer at a $50 million valuation.
While FreightWaves is told the company does have hundreds of millions of dollars of freight in its marketplace, including a carrier network of 3,000 companies with about 110,000 trucks, the company hit a $24 million revenue run rate at...
https://www.freightwaves.com/news/cross-border-freighttech-platform-forager-seeks-50m-exit