M&A Deal Summary

WiseTech Global Acquires Envase

On January 24, 2023, WiseTech Global acquired internet software and services company Envase from The Firmament Group for 230M USD

Acquisition Highlights
  • This is WiseTech Global’s 8th transaction in the Internet Software and Services sector.
  • This is WiseTech Global’s 2nd largest (disclosed) transaction.
  • This is WiseTech Global’s 6th transaction in the United States.
  • This is WiseTech Global’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2023-01-24
Target Envase
Sector Internet Software and Services
Buyer(s) WiseTech Global
Sellers(s) The Firmament Group
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

Envase

Dover, New Hampshire, United States
website
Envase provides mission-critical, cloud-based transportation management systems ("TMS") enterprise software and mobile applications to the intermodal transportation industry, with a core focus on the drayage trucking niche. The software merges order entry, dispatch, container tracking, electronic data interchange (EDI), API connectivity, document imaging, invoicing, settlements, and business intelligence, among other functions, into a single, streamlined system providing carrier efficiencies and container visibility over the intermodal supply chain. Envase is based in Dover, New Hampshire.

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Buyer(S) 1

Buyer

WiseTech Global

Schaumburg, Illinois, United States

website

Category Company
Sector Software
DESCRIPTION

WiseTech Global (CargoWise) is a cloud-based single–platform software solution that streamlines operations, accounts, and management.

DEAL STATS #
Overall 28 of 29
Sector (Internet Software and Services) 8 of 8
Type (Add-on Acquisition) 27 of 28
State (New Hampshire) 1 of 1
Country (United States) 6 of 7
Year (2023) 2 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Kyckr

London, United Kingdom

Kyckr is a B2B information services company that aggregates, organises and structures the world’s primary source company data to help businesses reduce the risks associated with counterparty relationships. Kyckr was founded in 2007 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Blume Global

Pleasanton, California, United States

Blume Global is a developer of software package connects asset owners and their users by hosting real time capacity from several major equipment programs spanning 120+ markets in North America. Blume Global was founded in 1994 and is based in Pleasanton, California.

Buy $414M

Seller(S) 1

SELLER

The Firmament Group

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New Hampshire) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Logistyx

Rolling Meadows, Illinois, United States

Logistyx provides transportation execution systems and multi-carrier shipping software solutions. The Company expands delivery options and provides business intelligence to improve the delivery experience and drive loyalty through customer satisfaction. Logistyx was formed in 2017 and is based in Schaumburg, Illinois.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Prime Providers

Culver City, California, United States

Prime Providers is a home-based healthcare organization providing private duty nursing, applied behavior analysis (aba) therapy, and related services to patients. Prime Providers was founded in 2018 and is based in Culver City, California.

Buy -
Mergr

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