Key Takeaways
- • Centre Partners and Altivare Capital Partners completed the acquisition of Navajo Expedited, a technology-enabled freight logistics platform based in Lakeland, Florida, with Centre Strategic Solutions I providing partial funding for the deal.
- • Navajo Expedited operates a network of more than 8,000 vetted third-party drivers covering dry van and temperature-controlled freight services, positioning the platform as a scaled player in the expedited logistics segment.
- • CEO Brandon Bodine continues in his operating role post-acquisition, signaling management continuity and investor confidence in existing leadership as the sponsors focus on automation, driver-vetting technology, and service expansion.
- • Financial terms of the transaction were not disclosed, classifying this as a completed lower-middle-market logistics buyout rather than a publicly announced competitive auction process.
- • The acquisition reflects sponsor strategy centered on technology-enabled freight logistics with plans for organic growth through automation enhancements and potential complementary acquisitions.
Summary
Centre Partners and Altivare Capital Partners have completed their acquisition of Navajo Expedited, a Lakeland, Florida–based technology-enabled freight logistics platform. According to PR Newswire and corroborating coverage from Pulse2 and PE Hub, Centre Strategic Solutions I provided partial funding for the transaction. The acquisition price and financial terms remain undisclosed.
Navajo Expedited operates as a freight logistics connector, linking shippers with a vetted network exceeding 8,000 third-party drivers specializing in both dry van and temperature-controlled freight services. The platform's technology infrastructure and driver-vetting capabilities formed the core rationale for the acquisition, positioning the company as a mid-market operator in the expedited logistics sector.
The transaction maintains operational leadership continuity, with CEO Brandon Bodine remaining in his executive role. The sponsors have outlined a strategic roadmap emphasizing three key pillars: advancement of automation technologies, refinement of driver-vetting systems, and service expansion. This focus reflects a broader operational thesis centered on improving logistics efficiency and network quality. The sponsors have also signaled openness to complementary acquisitions that could broaden Navajo's service offerings or geographic reach.
This represents a completed lower-middle-market acquisition—not a competitive auction process with multiple bidders on the public market. The structure and sponsor composition demonstrate a buy-and-build approach typical of private equity and institutional capital partnerships targeting logistics infrastructure with existing management and operating platforms.
Navajo Expedited operates as a freight logistics connector, linking shippers with a vetted network exceeding 8,000 third-party drivers specializing in both dry van and temperature-controlled freight services. The platform's technology infrastructure and driver-vetting capabilities formed the core rationale for the acquisition, positioning the company as a mid-market operator in the expedited logistics sector.
The transaction maintains operational leadership continuity, with CEO Brandon Bodine remaining in his executive role. The sponsors have outlined a strategic roadmap emphasizing three key pillars: advancement of automation technologies, refinement of driver-vetting systems, and service expansion. This focus reflects a broader operational thesis centered on improving logistics efficiency and network quality. The sponsors have also signaled openness to complementary acquisitions that could broaden Navajo's service offerings or geographic reach.
This represents a completed lower-middle-market acquisition—not a competitive auction process with multiple bidders on the public market. The structure and sponsor composition demonstrate a buy-and-build approach typical of private equity and institutional capital partnerships targeting logistics infrastructure with existing management and operating platforms.
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