Stillwater represented iDrive Logistics in the transaction.
Stillwater Capital is pleased to announce that it served as the exclusive M&A advisor to iDrive Logistics (iDrive) on its investment from Decathlon Capital Partners (Decathlon).
This multi-million dollar investment package will support iDrive’s ability to meet growing customer demand, deliver expanded functionality, and provide greater value to its customers and partners.
Headquartered in Lehi, Utah, iDrive Logistics empowers e-commerce brands to succeed on a global scale. Through innovative, small-parcel spend management and a proprietary business intelligence platform, iDrive helps customers optimize transportation costs and improve supply chain visibility.
Shaun Rothwell, Founder and Chief Executive Officer of iDrive Logistics, said, “When I founded iDrive Logistics in 2008, my vision was to build a team of industry experts and create a network that delivers unmatched value for our customers. Today, we’ve managed billions in transportation and invested heavily in infrastructure and technology to meet the evolving needs of our clients.”
“This funding enables us to further enhance our services and continue delivering exceptional value to our customers and 3PL partners without giving up any equity or ownership of the company,” said Brett Haskins, Chief Operating Officer of iDrive Logistics.
From John Borchers, Managing Director of Decathlon Capital Partners, “iDrive Logistics has built a remarkable reputation for helping e-commerce businesses succeed through their expertise and cutting-edge solutions. We’re excited to support their growth as they expand their offerings and continue to lead the way in supply chain innovation.”
Jordan Nix led Stillwater’s deal team with the support of Brad Kerkhof. “The iDrive team has built a fantastic business that solves some of the biggest e-commerce fulfillment challenges in the market,” Nix said. “This investment will propel them to achieve the scale they deserve. Borchers and the Decathlon team are excellent capital partners that will help drive the business forward.”
About iDrive Logistics
iDrive Logistics provides shipping and fulfillment solutions for top e-commerce brands and 3PL warehouses. With over 100 years of collective small-parcel experience, iDrive specializes in small-parcel spend management and supply chain visibility, empowering customers to reduce costs and optimize operations. iDrive Logistics is a trusted partner for businesses aiming to succeed globally. Learn more at www.idrivelogistics.com.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Using highly customized growth-debt financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control, and operational overhead that often comes with equity-based funding.
With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.
For more information on the transaction, visit: https://decathloncapital.com/2025/01/22/idrive-logistics-secures-growth-loan-from-decathlon-capital-partners/
Published on: January 27, 2025
