Overhaul, an active supply chain risk management company, has completed a $55 million equity funding round led by Springcoast Partners, with follow-on participation from Edison Partners and Americo. The funding will fuel the company’s continued advancements in artificial intelligence and support its strategic acquisition roadmap. Overhaul aims to expand its portfolio of solutions through product investment and acquisitions, positioning itself to deliver a comprehensive suite of tools for supply chain risk management, efficiency, and visibility. Springcoast's investment, along with continued support from Edison Partners and Americo, highlights the strength of our vision and the value they provide to customers. The supply chain tech space will see significant consolidation in the next 12 to 24 months, and Overhaul is well-positioned to lead with an integrated platform offering comprehensive solutions for risk management, efficiency, and visibility.
Springcoast is well-positioned to play a crucial role in helping Overhaul achieve its vision. Overhaul currently protects over $1.4 trillion in cargo, maintaining a 99.9% shipment protection rate and a 96% cargo theft recovery rate. With this funding, Overhaul will continue to enhance its AI technology, expand customer value, and pursue strategic mergers and acquisitions to grow its market reach and strengthen its leadership in active supply chain risk management. Chris Dederick, Principal at Springcoast, added, "Overhaul goes beyond visibility, delivering actionable intelligence, robust risk management, and rapid ROI. Customer feedback has been exceptional. We look forward to partnering with Barry and his team to help strategically scale their business."
