en.Wedoany.com Reported - WWEX Group, a parcel and freight 3PL service provider, and Auctane, a technology company (whose brands include ShipStation, Stamps.com, Metapack, and Packlink), have completed their merger and will operate under the name ShipStation Global. The new company is backed by investment firm Thoma Bravo, while funds managed by CVC and other existing investors of WWEX Group will continue to hold a significant minority stake.
This merger integrates WWEX Group's freight brokerage platform and its network of over 2,300 sales professionals with Auctane's AI-driven shipping software, global carrier connectivity, and automation capabilities. The combined company aims to provide growing businesses with the operational capabilities, technology, business relationships, and scale previously available only to the industry's largest players. ShipStation Global offers small and medium-sized enterprises data access, intelligent automation, and expert support, enabling them to remain agile and create value across the entire supply chain.
The ShipStation Global platform serves over 3 million customers and processes more than 3 billion shipments annually. The platform leverages a partner network of over 75 less-than-truckload carriers, 350 regional, national, and international carriers, 600 technology partners, and 45,000 full-truckload carriers, connecting logistics operations for parcels, LTL, FTL, and international freight through a single integrated platform.
ShipStation Global's brand portfolio includes ShipStation, Stamps.com, Metapack, Packlink, Worldwide Express, GlobalTranz, Unishippers, Jear Logistics, and BLX Logistics. The company's headquarters will be located in Texas, with offices in Dallas and Austin.
Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Auctane in this transaction, while Latham & Watkins LLP acted as legal counsel to CVC and WWEX Group. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC served as lead financial advisors to WWEX Group, with Goldman Sachs & Co. LLC and UBS Investment Bank providing financial advisory services to WWEX Group.
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