Morgan Stanley Investment Management's 1GT Invests in Series C Funding for Overhaul Group
Morgan Stanley Investment Management (MSIM) announced today that the 1GT climate private equity strategy (1GT) participated in the $105 million Series C equity financing of Overhaul Group (Overhaul or the Company), a global leader of in-transit cargo risk management solutions. The Series C funding round was led by Springcoast Partners with participation from existing investor Edison Partners. This growth investment will support Overhaul's continued technological advancement and strategic acquisition roadmap to establish a leading real-time supply chain risk management and intelligence platform.
Overhaul was founded in 2016 with the vision of providing a single, unified platform for in-transit supply chain management, operating around the world. The Company's proprietary IoT-enabled software provides real-time cargo tracking and protection, while proactively responding to threats to asset integrity.
"We appreciate our partnership with Springcoast and Edison and are thrilled to welcome Morgan Stanley to the Overhaul journey," said Barry Conlon, CEO of Overhaul. "Their backing not only validates our mission to build the world's most secure and intelligent supply chain platform but also equips us with the resources to accelerate innovation, expand our global reach, and continue delivering unmatched value to our customers. With this new partnership, we're advancing our commitment to sustainability, resilience, and operational excellence at a critical moment in global logistics."
"Overhaul operates at the intersection of two large and growing markets of supply chain visibility software and cargo risk management, providing critical solutions to customers navigating increasing supply chain complexity and disruptions," said Jake Van Koevering, Partner in MSIM's 1GT. "Overhaul's proprietary software solution enables customers to increase the security and efficiency of their supply chain operations, while reducing their emissions by unlocking lower carbon transportation modes for high-value products."
"We are very much looking forward to bringing the full scope of Morgan Stanley's global platform to support Overhaul's compelling sustainability proposition as Barry and the team move forward into the next phase of the company's growth," added Vikram Raju, MSIM's Head of Climate Private Equity Investing.
Overhaul safeguards over $1.4 trillion in cargo trade continuously, achieving a 99.9% shipment protection rate. The Company aims to remain at the forefront of enabling businesses to build world-class, secure, and resilient operations, especially during unprecedented global supply chain changes.
About Overhaul Group, Inc.
Founded in 2016 with offices around the world, Overhaul is the global leader in active supply chain risk management and intelligence. Overhaul protects shippers and 3PLs from in-transit cargo delays, damage, theft, and spoilage through advanced software and monitoring solutions. With 7 global monitoring control towers strategically located worldwide, Overhaul offers continuous cargo protection and immediate, proactive responses to threats. Overhaul maintains a strong, direct partnership with law enforcement agencies, ensuring rapid recovery and intervention in the event of theft. Trusted by leading enterprises, Overhaul serves industries including pharmaceuticals, healthcare, technology, logistics, retail, and food and beverage, with clients such as Microsoft, Bristol Myers Squibb, Dyson, and CEVA Logistics. For more information, visit over-haul.com, and follow them on LinkedIn, X, and Facebook.
About Springcoast Partners
Established in 2023, Springcoast is a New York-based growth equity firm focused on partnering with market leading software and technology companies. To learn more about Springcoast, please visit www.springcoast.com
About Morgan Stanley Climate Private Equity
Morgan Stanley Climate Private Equity manages 1GT, a strategy that invests in growth companies delivering innovative climate solutions that meaningfully decarbonize the global economy. The strategy is focused on scaling opportunities in the Power, Mobility, Food & Agriculture, and Circularity themes across North America and Europe, with an emphasis on driving significant organic growth by leveraging the global breadth of Morgan Stanley capabilities. For further information, please visit https://www.morganstanley.com/im/1gt.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.7 trillion in assets under management or supervision as of June 30, 2025. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit https://www.morganstanley.com/im
About Morgan Stanley
Morgan Stanley (NYSE:MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firms employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit https://www.morganstanley.com/
View source version on businesswire.com: https://www.businesswire.com/news/home/20250819107376/en/
Press
Morgan Stanley: Alyson Barnes
[email protected]