A. SREENIVASA REDDY (ABU DHABI)
Mubadala Capital, the global alternative asset management arm of Mubadala Investment Company, is set to acquire a majority stake in Arrive Logistics, a leading North American truckload brokerage headquartered in Austin, Texas.
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, a statement from Arrive Logistics said. Financial terms of the transaction were not disclosed.
ATL Partners, Lead Edge Capital and other existing investors will retain meaningful stakes in the business alongside Arrive’s management team, which will also retain a significant equity interest following the transaction, the statement said.
Founded in 2014, Arrive has grown into one of North America’s largest truckload brokerages. The company moves freight across the US, Canada and Mexico for more than 5,500 customers, including several Fortune 500 companies, and works with a network of more than 10,000 core carriers. It has more than 2,000 employees across 10 locations in North America.
Mubadala Capital’s investment is expected to support Arrive’s growth across three areas — expansion of service offerings, talent acquisition and technology development. A central part of its technology strategy is ARRIVEnow, the company’s proprietary transportation management system, which automates key workflows across the freight-load lifecycle.
“This transaction positions Arrive to continue building on our unprecedented growth,” said Matt Pyatt, CEO and Co-Founder of Arrive Logistics.
Pyatt said the company’s growth was supported by its team, sales culture, customer and carrier relationships, service focus and technology platform. He said Mubadala Capital’s track record and its conviction in Arrive’s management and strategy made it “the right partner for this next chapter”.
“We are thrilled to announce our new partner, Mubadala Capital, who will support us, alongside all of our existing investors and entire management team, in building one of the largest and most reliable truckload networks in North America,” Pyatt said in a LinkedIn post.
“In 12 years we have built Arrive from just an idea to the 4th largest truckload broker in North America, moving over 8,000 truckloads per day,” he added, describing the transaction as the start of a “new chapter” for the company.
Sam Merksamer, Partner at Mubadala Capital, said Arrive had consistently increased load volumes and market share through multiple freight cycles without compromising service or culture.
“That kind of consistent execution is rare,” Merksamer said, adding that Mubadala Capital looked forward to supporting Arrive’s next phase of growth alongside its management team and existing shareholders.
Nimay Mehta, Managing Partner at Lead Edge Capital, said artificial intelligence represented a significant opportunity for Arrive because of its proprietary data, technology platform and ability to deploy AI at scale.
Sanjay Arora, Partner at ATL Partners, said Arrive had continued to gain market share while building a culture centred on innovation and operational excellence, adding that ATL remained confident in the company’s prospects.
Arrive is planning further expansion following the Mubadala investment. “We have already begun to increase our hiring for sales, modes, and technology,” Pyatt told FreightWaves, a US freight and logistics industry publication. “We will hire 1,000 new team members in 2026 with even more growth slated for 2027 and beyond.”
Pyatt said the investment would allow Arrive to expand beyond its existing truckload operations by building teams and capabilities across produce, cross-border, open-deck, less-than-truckload and partial shipments, as well as its Universal Trailer Pool.
Despite Mubadala becoming the majority investor, Pyatt said customers and carriers should not expect significant changes in Arrive’s day-to-day operations.
“On a day-to-day basis, this is business as usual for Arrive and our partners,” he told FreightWaves, adding: “The goal is not to change what defines Arrive, it is to invest more aggressively in the people, capabilities and service model that have driven our growth for more than a decade.”
The transaction adds to Mubadala’s existing investments in the transportation and logistics sector. Mubadala Capital acquired Canada Cartage, one of Canada’s largest transportation and logistics providers, in 2022. Separately, Mubadala Investment Company invested alongside EQT in Envirotainer, a provider of cold-chain transportation solutions for the pharmaceutical industry.
The transaction comes as freight brokerages increasingly use automation and artificial intelligence to reduce transaction costs and improve the matching and management of freight loads and carriers, Canadian trucking industry publication Truck News said.
“Arrive’s ability to accelerate those investments could further intensify competition among large technology-enabled brokerages for both shipper freight and carrier capacity,” the publication observed.
Mubadala Capital manages, advises and administers more than $600 billion in assets through its wholly owned businesses and strategic partnerships. Its wholly owned core alternatives businesses manage and invest more than $60 billion across private equity and other alternative investment strategies.