RPM Freight Systems has been acquired by private equity firms Bluejay Capital Partners and Trive Capital.

RPM was founded in 2011 and provides transportation management solutions to new and used-vehicle finished logistics and other specialized freight markets in North America and Europe.

Barry Spillman is the company’s founder and CEO.

“As we enter our next phase of growth, we are delighted to partner with Trive and Bluejay and leverage their significant operational and industry expertise,” Spillman said in a news release.

“The support and resources of these two firms should accelerate our growth trajectory by enhancing our service capabilities and unlocking new opportunities in North America and Europe. Together, we will continue to set the standard for excellence and innovation in our industry.”

Trive managing director Andrew Frank said: “We are thrilled to partner with the talented team at RPM, who have built a business that delivers a win-win for both shippers and carriers. The company will continue to pursue excellence in logistics with its flexible, customer-centric service model, and Trive looks forward investing in the platform to support its continued growth.”

Bluejay managing partner Pierre Mathieu added: “Partnering with RPM is an incredible opportunity. We are eager to take part in RPM’s journey of ongoing growth, and we are confident in its ability to seize emerging opportunities within the automotive and specialty freight transportation markets.”