Simpson Thacher represented Genesee & Wyoming Inc. (NYSE: GWR) in connection with its investment in Cargomatic, Inc., a technology platform connecting shippers and truck carriers with a focus on short-haul markets.
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) has made an investment in and formed a strategic alliance with Cargomatic, Inc. (Cargomatic), a technology platform connecting shippers and truck carriers with a focus on short-haul markets. Terms of the investment were not disclosed.
Founded in 2013 and headquartered in Long Beach, Calif., Cargomatic focuses on the fragmented short-haul and drayage trucking markets connecting shippers and carriers real-time via its web platform and apps. The Cargomatic platform facilitates increased truck capacity, real-time tracking and an efficient transportation solution for shippers while providing owner-operator and smaller truck carriers visibility to traffic volumes and operational flexibility. Currently operating in Los Angeles, San Francisco, Chicago, Seattle, Dallas, Houston and New York, Cargomatic is expanding across the U.S. with plans to expand internationally.
The Simpson Thacher team included Anthony Vernace (Picture) and Izzy Lubarsky (M&A); and Gary Mandel and Sophie Staples (Tax).
Involved fees earner: Anthony Vernace – Simpson Thacher & Bartlett; Benjamin Lubarsky – Simpson Thacher & Bartlett; Gary Mandel – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: Genesee & Wyoming Inc.;