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New York, NY — Morgan Stanley Investment Management (MSIM), through its 1GT climate private equity strategy, has joined a $105 million Series C funding round for Overhaul Group, a global leader in in-transit cargo risk management and supply chain visibility solutions. The round was led by Springcoast Partners, with continued support from existing investor Edison Partners.
Founded in 2016, Overhaul integrates IoT-enabled software with real-time cargo protection to help companies manage risk and improve operational resilience across complex global supply chains. The company currently safeguards over $1.4 trillion in cargo annually, maintaining a 99.9% shipment protection rate.
Scaling Innovation and Sustainability
The new funding will support Overhaul’s strategic roadmap, including technology development, targeted acquisitions, and the expansion of lower-carbon logistics options. The company aims to strengthen its position as a leading platform for secure and sustainable supply chain operations amid growing global disruptions.
“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.”
Strategic Alignment with Climate Goals
Jake Van Koevering, Partner at MSIM’s 1GT, emphasized Overhaul’s dual focus on security and sustainability. “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.
Vikram Raju, Head of Climate Private Equity Investing at MSIM, added: “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.”
A Platform for Resilient Global Trade
Overhaul’s technology is used across industries including pharmaceuticals, technology, retail, and logistics, offering real-time monitoring, threat detection, and proactive intervention. As supply chains face increasing complexity and volatility, the company’s solutions are designed to help businesses build secure, adaptive, and environmentally responsible operations.
With this latest round of funding, Overhaul is poised to expand its global footprint and continue shaping the future of supply chain intelligence and sustainability.
For more details, see Morgan Stanley’s official announcement.
