Open Road Ventures Acquires Double-Stack Logistics in First PE Deal

Key Details Private equity firm Open Road Ventures has acquired intermodal 3PL Double-Stack Logistics, marking the PE company's first acquisition. Double-Stack operates as a freight broker with direct relationships to Class I railroads and owns a fleet of over 150 intermodal containers, distinguishing it from typical 3PLs in the market. Why It Matters The acquisition provides Double-Stack with capital to expand service offerings and grow its North American footprint. Founder and CEO Joe Kolb stated the company can now cement its significant projects into steady revenue streams while exploring new portfolio additions beyond intermodal services. Next Steps Open Road Ventures focuses on acquiring small- and mid-size freight brokers to create a network of complementary logistics businesses. Founding member Mike Riccio indicated the firm has multiple acquisitions in development and plans to onboard additional partners in coming months. Financial terms were not disclosed.