Overhaul Group has secured a $105 million Series C round led by Springcoast Partners, backed by Morgan Stanley Investment Management’s 1GT climate private equity programme, with a new debt facility from MidCap Financial and the acquisition of FreightVerify to broaden real-time visibility and resilience across global supply chains.
Morgan Stanley Investment Management’s 1GT climate strategy has joined a $105 million Series C round for Overhaul Group, a global supplier of in-transit cargo risk management. The funding, led by Springcoast Partners with participation from Edison Partners, is designed to accelerate Overhaul’s technology roadmap and growth acquisitions while expanding its capability to protect and optimise real‑time supply chains across routes and industries.
A climate-focused private equity platform backing growth and decarbonisation
The investment sits within Morgan Stanley Investment Management’s 1GT climate private equity programme, which is aimed at backing growth companies delivering climate solutions and at scaling platforms that reduce emissions and bolster supply chain resilience. In a related move, Morgan Stanley announced the final close of the 1GT fund at around $750 million, signalling a broad strategic appetite to couple Morgan Stanley’s capital and capabilities with portfolio companies pursuing scalable climate impact. The fund’s governance framework ties a substantial portion of incentive compensation to achieving climate objectives, reflecting the franchise’s emphasis on measurable decarbonisation alongside financial growth. The backdrop underscores a broader trend of financial institutions aligning private equity activity with climate and resilience goals.
Overhaul’s platform: real-time risk management at scale
Overhaul describes its platform as device‑agnostic, combining IoT-enabled software with real‑time cargo protection to manage and mitigate risks across global supply chains. The company reports that it safeguards more than $1.4 trillion in cargo annually and maintains a 99.9% shipment protection rate, placing it at the forefront of efforts to keep high‑value goods moving securely through disrupted logistical networks. The Series C funding is intended to accelerate platform innovation, extend artificial intelligence capabilities, and support strategic acquisitions that broaden Overhaul’s geographic reach and sector coverage. In the words of Barry Conlon, Overhaul’s chief executive, the partnership should help “accelerate innovation, expand our global reach, and continue delivering unmatched value to our customers,” while strengthening commitments to sustainability and operational excellence at a moment of continued global supply‑chain disruption.
The money goes beyond equity: debt, expansion, and new capabilities
In addition to equity funding, Overhaul’s financing package includes a new debt facility with MidCap Financial, a component that industry observers see as enabling a faster scale‑up of product development, risk analytics, and global deployment. The combination of growth capital and debt is described by the company and its investors as a deliberate strategy to enhance the platform’s risk intelligence, real‑time tracking, and rapid incident response—features that are increasingly critical for brands seeking end‑to-end resilience in complex, cross‑border corridors. The financing is also pitched as underpinning strategic acquisitions that would extend Overhaul’s coverage across additional geographies and industries.
FreightVerify and the expansion of visibility and resilience
A notable strategic development referenced in multiple disclosures is Overhaul’s acquisition of FreightVerify, a platform delivering end-to-end SKU‑ and part‑level visibility. The move is portrayed as moving Overhaul from mere shipment tracking to actionable resilience, by linking real‑time transit data with granular inventory insight. Industry observers suggest the combined platform will empower brands to monitor not just where a shipment is, but what it contains and when disruptions are likely, enabling quicker recovery and reduced losses. The deal is positioned as a milestone in expanding Overhaul’s value proposition for automotive, healthcare, and other sectors with intricate supply chains.
Market context and outlook
Analysts note that the arrangement between a climate‑oriented private equity vehicle and a data‑driven cargo protection platform comes at a time when global trade is navigating heightened risk—ranging from geopolitical tensions to carrier capacity volatility and geopolitical‑scale disruptions. The investment signals continued investor interest in technologies that enhance visibility, predictability, and response times along supply chains, as well as in mechanisms that can substantively curb emissions by enabling more efficient, lower‑carbon transport solutions. In commentary accompanying the announcements, Vikram Raju, head of climate private equity investing at MSIM, stressed the intention to bring the full Morgan Stanley platform to support Overhaul’s growth and sustainability ambitions, while Barry Conlon reaffirmed the company’s mission to deliver secure, intelligent, and scalable supply‑chain outcomes.
Concluding thoughts
Taken together, the Overhaul financing—augmented by Morgan Stanley’s 1GT climate strategy—illustrates a product of mature private‑market finance pairing climate outcomes with operational resilience. By combining equity funding, a new debt facility, and an influential roll‑up of strategic assets such as FreightVerify, Overhaul positions itself to accelerate product development, broaden its global footprint, and deepen its ability to protect high‑value cargo against theft, damage and delay. If the momentum continues, the collaboration could set a benchmark for how specialist risk‑management platforms scale within a decarbonising, disruption‑prone logistics landscape, while maintaining rigorous governance around climate impact and financial performance.
Source: Noah Wire Services
Subscribe to Industry Updates
