Wolverine Partners, an independent sponsor, today announced the successful acquisition of Virtual Freight Inspections (VFI), the nation’s leading freight inspection company. This strategic acquisition aligned with Wolverine Partners’ investment criteria and leverages the expertise of John Kemp, a seasoned operating executive.
VFI offers a valuable solution to the transportation industry, helping carriers, shippers, and third-party logistics firms (3PLs) properly assess damaged freight costs through unbiased, independent inspection reports. With an experienced team of freight inspectors nationwide, VFI provides fast, thorough, and cost-effective freight inspections. The company’s strong brand reputation, recurring revenue model, and nationwide customer base made it an ideal fit for Wolverine Partners.
John Kemp, who will assume the role of president of VFI, brings decades of experience as an operating executive, financial advisor, consultant and investment banker. His expertise will be instrumental in driving VFI's continued success and unlocking its full potential.
"I am excited to lead VFI into its next phase of growth," said Kemp. "Our goal will be to build on VFI’s strong foundation by continuing to enhance customer service and operational excellence, while investing in new technologies that will help us achieve our objectives."
Key Benefits of the Acquisition Include:
Achieves Wolverine Partners' Investment Criteria: The acquisition aligns with Wolverine Partners' focus on B2B businesses with recurring revenue, a strong brand, and a scalable platform.
Leverages John Kemp's Expertise: Kemp's experience in operations, financial advisory, consulting and investment banking will help drive VFI's future success.
Launches Wolverine Partners into B2B: The acquisition launches Wolverine Partners' portfolio of B2B companies, strengthening its position in the market.
Provides Opportunities for Future Growth: VFI offers potential for organic growth and add-on acquisitions, allowing Wolverine Partners to capitalize on market opportunities.
About Wolverine Partners
Wolverine Partners is an independent sponsor seeking to invest in lower middle-market businesses. The firm focuses on working with retiring business owners looking for an exit (transition) plan and divestitures (e.g., non-core subsidiaries of larger corporations). For more information, please visit https://www.wolverinepartners.com/.
About Virtual Freight Inspections
Virtual Freight Inspections (VFI) is the nation’s leading freight inspection company, serving major carriers, shippers, and third-party logistics firms (3PLs) throughout the country. The company provides independent inspection reports that may help address claim damages, and offers fast, thorough, and cost-effective services. For more information, please visit https://vfinspections.com/
