M&A Deal Summary

Korber Supply Chain Acquires MercuryGate

On August 6, 2024, Korber Supply Chain acquired internet software and services company MercuryGate from Summit Partners

Acquisition Highlights
  • This is Korber Supply Chain’s 1st transaction in the Internet Software and Services sector.
  • This is Korber Supply Chain’s 2nd transaction in the United States.
  • This is Korber Supply Chain’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2024-08-06
Target MercuryGate
Sector Internet Software and Services
Buyer(s) Korber Supply Chain
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

MercuryGate

Cary, North Carolina, United States
MercuryGate is an independent provider of SaaS-based transportation management system (TMS) solutions. MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGate’s solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal. MercuryGate was formed in 2000 and is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

Korber Supply Chain

Bad Nauheim, Germany

Category Company
Sector Business Services
DESCRIPTION

Korber Supply Chain has a broad range of proven supply chain solutions to fit its customers’ size, business strategy, and appetite for growth. Its customers conquer the complexity of the supply chain that includes software, automation, voice solutions, robotics and material handling plus the systems integration expertise to tie it all together. Korber Supply Chain is based in Bad Nauheim, Germany.


DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 enVista’s omnichannel Enspire Commerce platform and global Freight Audit and Payment service

Carmel, Indiana, United States

enVista’s omnichannel Enspire Commerce platform and global Freight Audit and Payment service is a unified commerce platform to deliver enterprise inventory visibility, optimized order orchestration, and fulfillment, customer engagement, and experience management. Its freight audit and payment experts monitor freight bills and provide recommendations to ensure that clients are not leaking money.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 283 of 285
Sector (Internet Software and Services) 27 of 28
Type (Add-on Acquisition) 127 of 127
State (North Carolina) 4 of 4
Country (United States) 244 of 246
Year (2024) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Revizto

Lausanne, Switzerland

Revizto provides software for the Architecture, Engineering, Construction & Operation (AECO) industry and an Integrated Collaboration Platform. Using gaming technology and cloud solutions, the company provides a collaboration platform for 3D and 2D workflows that enables users to work and communicate with all project stakeholders in a unified single environment. The platform is utilized globally for real-time coordination, automated clash detection, and issue tracking throughout the lifecycle of a building or infrastructure project. Revizto is based in Lausanne, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 EHE Health

New York, New York, United States

EHE Health offers comprehensive physical exams, preventative health programs, and travel medicine consultation and services. EHE Health operates over 150 locations across the US and is committed to providing the same exceptional health experience at all of their locations. EHE Health was founded in 1913 and is based in New York City.

Sell -