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