M&A Deal Summary

E2open Acquires Logistyx

On March 3, 2022, E2open acquired transportation company Logistyx from Kidd & Company and The Firmament Group for 185M USD

Acquisition Highlights
  • This is E2open’s 1st transaction in the Transportation sector.
  • This is E2open’s 3rd largest (disclosed) transaction.
  • This is E2open’s 12th transaction in the United States.
  • This is E2open’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-03-03
Target Logistyx
Sector Transportation
Buyer(s) E2open
Sellers(s) Kidd & Company
The Firmament Group
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Logistyx

Rolling Meadows, Illinois, United States
website
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.

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Buyer(S) 1

Buyer

E2open

Austin, California, United States

website


Category Company
Founded 2000
Sector Software
Employees2,436
Revenue 305M USD (2020)
DESCRIPTION

E2open is a provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative planning and execution across global trading networks. E2open was founded in 2020 and is based in Austin, Texas.


DEAL STATS #
Overall 14 of 14
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 13 of 13
State (Illinois) 1 of 1
Country (United States) 12 of 12
Year (2022) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 BluJay Solutions

Holland, Michigan, United States

BluJay Solutions is a provider of cloud-based, logistics execution platform. BluJay Solutions was founded in 1972 and is based in Holland, Michigan.

Buy $1.7B

Seller(S) 2

SELLER

Kidd & Company

Old Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Kidd & Company is a research driven private investment firm that studies markets and industries before committing to an investment idea. Typically, the Firm acquires several companies to form a platform business for future growth and expansion. Kidd & Company was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 7 of 7
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Illinois) 2 of 2
Country (United States) 6 of 6
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 BRH Garver

Houston, Texas, United States

BRH Garver is a specialty construction services firm focused on micro-tunneling with extensive public work experience as well as experience with private contracts and aligned competencies in other areas of site/civil construction. The company's primary focus is the construction of pipelines for water, sewage, and drainage systems for public municipalities. Its deep experience and culture of service excellence have been critical to the company's track record of growth and outstanding reputation with leading municipalities and private sector clients. BRH Garver was formed in 1971 and is based in Houston, Texas.

Buy -
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 3 of 4
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Nascent Technology

Charlotte, North Carolina, United States

Nascent Technology is a manufacturer of Automated Gate Systems (AGS), software and systems integration for the supply chain, including rail, marine terminals, manufacturing and distribution centers, as well as the private and for-hire carrier market. Nascent Technology was founded in 1996 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Envase

Dover, New Hampshire, United States

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.

Sell $230M