#United States #Lehi #iDrive Logistics #Decathlon Capital #Growth Loan

iDrive Logistics Enhances Services with Growth Loan

On January 22, 2025, iDrive Logistics, a frontrunner in the shipping and fulfillment sector for e-commerce and 3PL warehouses, announced that it secured a substantial growth loan from Decathlon Capital Partners. This multi-million dollar investment aims to fortify iDrive's capacity to cater to the increasing demand from its customers and deliver enhanced functionalities in its services.

Based in Lehi, Utah, iDrive Logistics has established itself as an essential partner for e-commerce brands aspiring to thrive on a global scale. The company's innovative approach to small-parcel spend management has been vital in optimizing transportation costs and improving visibility within the supply chain. While specific figures regarding the funding were not disclosed, the revenue-based financing is expected to unlock significant growth opportunities for the company.

Shaun Rothwell, the Founder and CEO of iDrive Logistics, expressed his vision of revolutionizing small parcel management when he launched the company in 2008. He remarked, "My aim was to gather industry experts and construct a network that provides unparalleled value to our clients. Today, we have managed billions in logistics spending and heavily invested in technology to address our clients' evolving needs."

Brett Haskins, the company's COO, shared insights into iDrive's mission to enhance the shipping and returns experience for its clientele. "This funding allows us to further innovate and offer robust shipping technology solutions to our customers and 3PL partners without relinquishing equity or ownership of the firm," Haskins noted.

Decathlon Capital Partners' Managing Director, John Borchers, stated that they were thrilled to collaborate with iDrive. He highlighted iDrive's impressive reputation for empowering e-commerce businesses through their expert services and groundbreaking solutions. "We are excited to back their expansion plans as they continue to spearhead innovation in the supply chain arena," Borchers added.

The deal was facilitated by Stillwater Capital, a noted advisory firm specializing in mergers and acquisitions within the transportation and logistics sector. Jordan Nix, Executive Vice President at Stillwater, commented on the potential of iDrive’s technology in addressing significant fulfillment challenges facing the e-commerce market. Nix stated, "The investment will drive iDrive to the scale it rightfully deserves. Borchers and the Decathlon team are brilliant partners who will contribute to this advancement."

About iDrive Logistics

iDrive Logistics is dedicated to delivering innovative shipping and fulfillment solutions, primarily serving prominent e-commerce brands and 3PL warehouses. With a combined experience exceeding a century in small parcel logistics, iDrive specializes in optimizing operational efficiency and reducing costs for its clientele, ensuring they thrive on a global scale. To learn more about iDrive Logistics, visit www.idrivelogistics.com.

About Decathlon Capital Partners

Decathlon Capital Partners focuses on providing tailored growth capital to businesses seeking alternatives to traditional equity funding methods. Their unique approach employs customized growth-debt financing, allowing companies to raise long-term capital without the dilution or control loss associated with equity investment. Operating from Palo Alto and Park City, Decathlon boasts its status as the largest revenue-based funding investor in the United States, actively engaging across multiple sectors. More information can be found at www.decathloncapital.com.