December 27, 2024 — Fura, a leading digital freight brokerage leveraging AI and visibility to revolutionize logistics, has announced the acquisition of Pinwheel Logistics, a Chicago-based freight brokerage founded by Johnny Kwiatkowski and Blake Koch. This marks Fura’s third acquisition in a row, further solidifying its position as a leader in the freight industry.
Backed by R136 Ventures and Davidovs Capital, and led by Jeff Dangelo, ex-co-founder of Turvo, Fura is on a mission to help shippers save money and gain unprecedented visibility into their freight operations. The company has achieved remarkable organic growth, more than doubling its revenue even in one of the most challenging markets in freight history.
“With this acquisition, we demonstrate Fura’s commitment to growth and innovation, even in a down market,” said Jeffrey Dangelo, Co-Founder and CEO of Fura. “Our model enables us to acquire freight brokers without a traditional EBITDA multiple considering the market downturn. Pinwheel’s experienced team and founders will be an incredible addition to Fura, helping us continue to transform the logistics industry.”
Pinwheel Logistics has earned a strong reputation as a reliable freight partner for air, expedite as well as food and beverage shippers. Its integration with Fura will empower Pinwheel’s customers with cutting-edge technology and enhanced visibility tools.
“We are excited to join forces with Fura,” said Johnny Kwiatkowski, Co-Founder of Pinwheel Logistics. “Their technology and visibility platform will allow us to deliver even greater value to our customers and aggressively expand our market share. Together, we are poised for exceptional growth.”
This acquisition underscores Fura’s commitment to reshaping the freight industry through strategic acquisitions and innovative technology. The company’s ability to acquire and integrate freight brokerages seamlessly, regardless of market conditions, positions it as a key player in the industry’s future.
About Fura
Fura is a digital freight brokerage dedicated to helping shippers save money and streamline their logistics operations through the power of AI and real-time visibility. Backed by leading venture capital firms, Fura continues to redefine the freight industry under the leadership of Jeff Dangelo.
About Pinwheel Logistics
Pinwheel Logistics is a Chicago-based freight brokerage specializing in serving air, expedite, food and beverage shippers. Known for its customer-focused solutions, Pinwheel brings expertise and a strong network to the logistics sector.