en.Wedoany.com Reported - WWEX Group and Auctane completed their merger on June 1, with the newly formed company named ShipStation Global. The combined entity integrates WWEX Group's freight brokerage platform and sales network with Auctane's artificial intelligence shipping software, global carrier connectivity, and automation technology, aiming to provide small and medium-sized enterprises with data, intelligent automation, and expert support to enhance their market competitiveness.
Tom Madine, CEO of ShipStation Global, stated that small and medium-sized enterprises previously had to piece together multiple tools and relationships to sustain operations, a situation that the new company's formation has changed. The merger is backed by Thoma Bravo, a software-focused investment firm. In the transaction, Kirkland & Ellis served as legal counsel to Thoma Bravo and Auctane, while J.P. Morgan Securities and Morgan Stanley & Co. acted as joint lead financial advisors to WWEX Group. CVC funds and other existing WWEX Group investors retained significant minority stakes in the new company.
Brian Jaffee, Partner at Thoma Bravo, noted that the merger of Auctane and WWEX Group comes at a critical moment when artificial intelligence is fundamentally transforming how organizations manage transportation and logistics. The firm is pleased to support the ShipStation Global team in building an intelligent platform for modern logistics. ShipStation Global's headquarters will be located in Texas, with offices in Dallas and Austin. Its brand portfolio includes ShipStation, Stamps.com, Metapack, Packlink, Worldwide Express, GlobalTranz, Unishippers, Jear Logistics, and BLX Logistics.
The combined business serves over 3 million customers, processing more than 3 billion shipments annually, with a customer service network that includes over 45,000 full truckload carriers. Aaron Dupuis, Managing Partner at CVC, stated that by combining WWEX Group's commercial engine with Auctane's global software footprint, the new company is creating an enterprise with extensive coverage, advanced technology, and top-tier talent, delivering tangible results for customers. WWEX Group ranked 14th on the Transport Topics list of the 100 largest logistics companies in North America.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
