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Trucker Path has been acquired by Renren
Background:Trucker Path, Inc., is a leading software platform for the trucking industry. Trucker Path’s core product is the Trucker Path app, a trip planning companion for truck drivers, enabling a large driver community to assist each other in updating the real-time status of relevant points-of-interest on their route. Expanding on the success of the Trucker Path app, Trucker Path also introduced the Truckloads app, a mobile marketplace providing freight load matching with over 3 million loads posted monthly.
Cassel Salpeter:
Served as the exclusive financial advisor to the Company
Ran a competitive sales process contacting approximately 50 potential strategic acquirers, resulting in 6 indications of interest
Challenges:
The Company had a solid user base and software platform, but had not monetized the assets well
Company management and board dynamics
Outcome: In December 2017, Trucker Path was acquired by Renren.
https://www.casselsalpeter.com/wp-content/uploads/2018/04/Screen-Shot-2018-04-03-at-2.42.12-PM.png250250roaradminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngroaradmin2017-12-01 18:43:492020-12-08 14:38:59Trucker Path has been acquired by Renren