Austin-based Arrive Logistics Inc., a supply chain and freight brokerage company, is expanding to San Antonio. The company has leased a 27,000-square-foot space from Worth & Associates’ Austin Highway Business Center on the city’s Northeast Side at 2735 Austin Highway. The Business Center is a total of 83,740 square feet.
As a Texas-based business and MetCenter in Southeast Austin. leading employer in Austin, expanding to San Antonio felt like a natural next step for our team, especially due to the close proximity to Arrive’s Headquarters,” said J-Ann Tio, chief strategy officer at Arrive, in an email. “This opening supports our strategic expansion goal to grow our footprint and invest in great talent furthering our accelerated growth.”
The move comes one year after Arrive received $300 million in funding, despite a turbulent 2020 that saw the company lose 10%of its staff due to layoffs and furloughs as reported by the Austin Business Journal. Tio said that Arrive raised the funds through a combination of primary and secondary equity from a group led by New York-based ATL Partners LLC and its co-investors, including The Baupost Group LLC, British Columbia Investment Management Corp. and Temasek Holdings Ltd.
The company said in a press release that the facilities will accommodate 350 new employees. The local Arrive office opened July 11 with preliminary staff. Management is now hiring for positions in sales, accounting and account management. Tio said the company plans to offer educational and training programs as
well.
Arrive was founded in 2014 by CEO Matt Pyatt and President Eric Dunigan. The company has a workforce of over 1,300 and manages an average of 4,400 loads a day with over 70,000 unique carriers, according to its website. The company serves around 4,000 customers with revenue of approximately $1.6 billion in 2021, according to the release.
Tio said that the company expanded to Chicago in 2016 and will open an office in Tampa Bay in the coming months.
Arrive declined to disclose any financial details of the expansion.