Thoma Bravo to acquire WWEX Group, combine with Auctane

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Private equity steadfast Thoma Bravo announced Tuesday that is has entered into an statement to get 3PL WWEX Group. Following the acquisition, Thoma Bravo volition harvester WWEX Group with a existent portfolio company, Auctane. The woody volition merge WWEX Group’s $5 cardinal freight brokerage level with a person successful intelligent shipping software, importantly expanding WWEX Group’s AI-enabled capabilities.

Financial presumption of the woody were not disclosed. The transaction is expected to adjacent successful the 2nd quarter.

“By integrating Auctane’s cloud-based software, planetary bearer connectivity and intelligent automation capabilities with WWEX Group’s extended logistics expertise and almighty commercialized engine, the combined institution volition seamlessly link checkout to doorstep crossed parcel, LTL, truckload and planetary shipping,” a quality merchandise said.

WWEX Group brands see parcel and freight work providers similar Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.

Auctane’s shipping and fulfillment solutions see ShipStation, Stamps.com, Metapack and Packlink.

WWEX Group is presently owned by a radical of investors, including CVC Capital Partners, Providence Equity Partners, Ridgemont Equity Partners and PSG. CVC and different investors volition rotation a information of their equity, retaining a number involvement successful the combined entity.

“Auctane’s category-defining shipping bundle and WWEX Group’s scaled parcel and freight work offerings make an integrated solution with the data, organisation and measurement indispensable to assistance customers thrust smarter decision-making and superior execution crossed the logistics lifecycle,” said Brian Jaffee, a spouse astatine Thoma Bravo. “Together, we judge the institution is uniquely positioned to specify the adjacent procreation of AI-enabled logistics.”

WWEX Group’s web includes much than 2,300 income professionals helping implicit 130,000 customers determination 70 million-plus shipments annually.

“By combining WWEX Group’s brands and our presumption arsenic a starring supplier of parcel and freight services with Auctane’s planetary ecosystem of e-commerce shipping software, we are creating a level of tremendous potential,” said WWEX Group CEO Tom Madine. “Our customers volition payment from deeper exertion capabilities and the expanded resources of a combined institution built to enactment their growth.”

J.P. Morgan and Morgan Stanley are associated pb advisers to WWEX Group connected the transaction. Goldman Sachs and UBS Investment Bank are besides advising WWEX Group connected the deal.

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