Morgan Stanley Investment Management has announced that its 1GT climate private equity strategy participated in a $105 million Series C funding round for Overhaul Group, a company specializing in in-transit cargo risk management. The investment round was led by Springcoast Partners and included existing investor Edison Partners. The funds will be used to further develop Overhaul’s technology and support its acquisition plans aimed at building a real-time supply chain risk management platform.
Overhaul, established in 2016, offers software that provides real-time tracking and protection of cargo shipments globally. Its platform uses IoT-enabled solutions to monitor shipments and respond proactively to potential threats.
Barry Conlon, CEO of Overhaul, said, “We appreciate our partnership with Springcoast and Edison and are thrilled to welcome Morgan Stanley to the Overhaul journey. 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 strategy, commented on the deal: “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. 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.”
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.”
According to Overhaul Group data cited by Morgan Stanley Investment Management [source], the company safeguards more than $1.4 trillion worth of cargo trade with a shipment protection rate of 99.9%. It serves industries such as pharmaceuticals, healthcare, technology, logistics, retail, food and beverage—with clients including Microsoft and Bristol Myers Squibb.
Springcoast Partners is a New York-based growth equity firm focused on software companies [source]. Morgan Stanley Climate Private Equity manages investments through its 1GT strategy targeting climate solutions across North America and Europe [source].
Morgan Stanley Investment Management oversees more than $1.7 trillion in assets as of June 30, 2025 [source]. Parent company Morgan Stanley operates worldwide with offices in 42 countries [source].