Freight broker FitzMark has announced the acquisition of two brokerages, High Point Logistics (HPL) and Pentonix Freight. FitzMark, headquartered in Indianapolis, specializes in refrigerated freight and less-than-truckload (LTL) services. This acquisition marks FitzMark’s ninth since the company’s inception in 2006, with financial details undisclosed.
FitzMark’s founder and CEO Scott Fitzgerald stated these acquisitions will bolster FitzMark’s capabilities in delivering high-reliability refrigerated and LTL services. This strategic move aligns with FitzMark’s commitment to expanding its service offerings and operational efficiency. The company supports over 3,000 shippers and 25,000 carriers through a proprietary transportation management system (TMS).
HPL is based in Jackson, Tennessee, while Pentonix Freight operates out of Fort Worth, Texas. The former owner of HPL, R.E. Butts, expressed optimism about the partnership, noting it would enhance their service offerings and capabilities, benefiting their customer base.
This acquisition reflects a broader market trend toward consolidation and expansion within the freight brokerage sector, fueled by the increasing demand for comprehensive logistics solutions. FitzMark’s strategic acquisitions aim to strengthen its market position and adapt to the evolving needs of the logistics industry, ensuring they continue to deliver reliable and efficient services to their customers.
