Atlanta-based CargoSprint, a provider of software for the cargo industry, has acquired Dray Dog in a deal backed by Lone View Capital. The acquisition expands CargoSprint's footprint in the logistics technology sector, combining CargoSprint's software solutions with Dray Dog's specialized services.

While financial terms were not disclosed, the deal represents a strategic move to consolidate capabilities in the drayage and cargo management space. CargoSprint's platform focuses on streamlining operations for freight forwarders and shippers, while Dray Dog brings expertise in last-mile delivery solutions. This combination positions the merged entity to offer more comprehensive services to logistics providers.

The acquisition underscores growing consolidation in the logistics technology market as companies seek to expand their service offerings and technological capabilities. With Lone View Capital's backing, CargoSprint appears positioned to pursue additional growth opportunities in the competitive logistics software landscape.