CIVC Partners, L.P., announced its investment in OTR Transportation, a technology-enabled freight broker located in Chicago, Illinois.
CIVC invested in the company in partnership with CEO and founder Jon Braun and the OTR management team. The deal’s value was not disclosed.
OTR will be able to increase organic growth and make strategic acquisitions with the investment.
OTR provides full service including power only, refrigerated, dry van and drop trailer. The entire management team will remain in place following the transaction and Jon Braun will maintain a significant ownership position in the company.