Morgan Stanley Investment Management’s 1GT climate strategy invests in Overhaul to scale sustainable supply chain solutions.
Overhaul safeguards $1.4 trillion in global cargo trade with 99.9% shipment protection.
Funding will accelerate tech innovation, acquisitions, and lower-carbon logistics options.
Morgan Stanley Investment Management’s 1GT climate private equity strategy has joined a $105 million Series C round for Overhaul Group, a global provider of in-transit cargo risk management solutions. The round was led by Springcoast Partners with support from Edison Partners.
Overhaul, founded in 2016, combines IoT-enabled software with real-time cargo protection to manage and reduce risks across global supply chains. The company said the investment will advance its technology development and acquisition strategy to strengthen its position as a leader in real-time supply chain risk management.
“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.”
Jake Van Koevering, Partner in MSIM’s 1GT, added that Overhaul operates at the intersection of supply chain visibility software and cargo risk management. “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,” he said.
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Vikram Raju, MSIM’s Head of Climate Private Equity Investing, noted: “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.”
Overhaul currently safeguards more than $1.4 trillion in cargo annually, with a 99.9% protection rate. The company aims to remain at the forefront of enabling secure, resilient, and sustainable global trade during a period of unprecedented supply chain disruption.
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