Portfolio News| March 2025

Tenstreet Acquires DriverReach to Enrich the Scale of its Driver/Carrier Network

Reposted from the Tenstreet Blog

TULSA, OK (March 31 2025) Tenstreet,  the trucking industry’s leading marketplace solution provider for drivers and carriers, announced today the acquisition of DriverReach, an innovator in driver recruitment and compliance management software. By combining driver and carrier audiences from both companies, Tenstreet will further scale its network to better serve the dynamics of the industry.

In addition, Tenstreet will leverage several advances in DriverReach’s software to enhance its platform’s usability and ease-of-adoption for carriers. Acknowledging the recruiting and retention challenges that are unique to carriers and private fleets in today’s marketplace, both companies will join forces to simplify, accelerate, and scale the capabilities of Tenstreet’s powerful marketplace solution.

For Tim Crawford, Tenstreet CEO, the acquisition will greatly enhance the Tenstreet network upon which thousands of carriers and private fleets and millions of drivers depend to keep trucks on the road. “We’ve always believed that creating value for carriers and drivers is our main job – and that a key component of how we can do that is with scale. The combination of Tenstreet and DriverReach will give us the ability to create more value for all stakeholders.”

DriverReach CEO Brent Dorfman agrees. “This marks a significant milestone for all of us at DriverReach. Our aim has been to significantly impact the productivity and success of our users. Through this acquisition, this will only get better.”

**About Tenstreet **

Tenstreet’s platform connects carriers and drivers, making it easier to fill trucks while staying compliant. We help thousands of motor carriers and private fleets in the key areas of driver marketing, recruiting, onboarding, safety, fuel, retention, and efficiency. Since 2006, millions of drivers have also used Tenstreet’s platform to quickly and securely apply for their next job.

**About DriverReach **

DriverReach is the modern recruiting and compliance management system top carriers use to attract, hire, and retain qualified drivers and dramatically improve speed-to-hire. A mobile-friendly DOT application feeds directly into a full-service ATS with email and text functionality, streamlining the process of qualifying drivers at the intersection of compliance and recruiting so companies can stay closer, respond faster, and achieve their hiring goals.

The content on this site, including but not limited to blog posts, portfolio news, Spectrum news, and external coverage, is for informational purposes only and does not constitute investment advice. Use of any information presented is at your own risk. Spectrum Equity is not responsible for any content reposted above from any third party website, and has not verified the accuracy of any third party content contained above. Spectrum Equity makes no guarantees or other representations regarding any results that may be obtained from use of this content. Investment decisions should always be made in consultation with a financial advisor and based on individual research and due diligence. Past performance is not indicative of future results, and there is a possibility of loss in connection with an investment in any Spectrum Fund.

Inclusion in any third-party list, award, rating, ranking, or other recognition is not indicative of Spectrum Equity’s future performance and may not be representative of any investor’s experience. To the fullest extent permitted by law, Spectrum Equity disclaims all liability for any inaccuracies, omissions, or reliance on the information, analysis, or opinions presented.