Houlihan Lokey Advises Advent eModal
Houlihan Lokey is pleased to announce that Advent Intermodal Solutions LLC (Advent eModal), the world’s largest port community platform, has been acquired by CargoSprint, a leader in innovative payments and workflow orchestration solutions for the cargo industry. The acquisition follows Lone View Capital’s investment in CargoSprint earlier this year. The transaction was announced on December 16, 2024, and financial details were not disclosed.
Founded in 1995, Advent eModal’s offerings remove friction at every point of intermodal equipment interchange. Its proprietary cloud-based platform, eModal®, connects all parts of the shipping process, making it easier for ports, carriers, logistics providers, and other stakeholders to move containers, increase equipment utilization, and optimize payment workflows.
Like CargoSprint, Advent eModal’s solutions were purpose-built for the freight industry to improve visibility and optimize execution. Advent eModal’s focus on the containerized freight industry provides a powerful complement to CargoSprint’s strength in air cargo workflows.
"Our vision has always been to improve the efficiency of global commerce through technology," said Caro Krissman, CEO of CargoSprint and the newly combined company. "Joining forces with Advent eModal is a unique opportunity to combine two talented and like-minded organizations that have developed highly complementary freight payments and workflow orchestration solutions. Together, we have the capacity to invest even more heavily in our customers’ success and meaningfully accelerate the pace of innovation in the industry."
"We’re excited to partner with CargoSprint in this next phase of our journey," said Parvez Mansuri, founder and former CEO of Advent eModal, who will act as Chief Strategy Officer and remain a member of the board of directors of the combined company. "This acquisition marks a new chapter—honoring our legacy with our former partners at SSA Marine while simultaneously turning our focus towards the growth opportunities created as an independent technology company. We're eager to leverage our maritime and rail expertise to help CargoSprint, Caro, and the combined leadership team to grow into new segments and deliver even more powerful solutions to the market."
"CargoSprint and Advent eModal have a shared heritage as founder-led enterprises that rose to market-leading positions by combining deep industry expertise with a passion for innovation. We look forward to supporting the combined company as it continues to drive efficiency in global trade,” said Doug Ceto, Partner at Lone View Capital.
Houlihan Lokey served as the exclusive financial advisor to Advent eModal. This deal highlights Houlihan Lokey’s continued success as a leading advisor in the supply chain space.
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