M&A Deal Summary

Flexport Acquires Convoy - Technology Stack

On November 2, 2023, Flexport acquired internet software and services company Convoy - Technology Stack from Convoy

Acquisition Highlights
  • This is Flexport’s 1st transaction in the Internet Software and Services sector.
  • This is Flexport’s 2nd transaction in the United States.
  • This is Flexport’s 1st transaction in Washington.

M&A Deal Summary

Date 2023-11-02
Target Convoy - Technology Stack
Sector Internet Software and Services
Buyer(s) Flexport
Sellers(s) Convoy
Deal Type Divestiture

Target

Convoy - Technology Stack

Seattle, Washington, United States
Convoy's Technology Stack is a technology stack platform.

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Buyer(S) 1

Buyer

Flexport

San Francisco, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Flexport, Inc. is a cloud software and data analytics platform offering a full range of services, including ocean, air, truck and rail freight, drayage & cartage, warehousing, customs brokerage, financing, and insurance. Flexport is based in San Francisco, California.


DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-04 Shopify Logistics

Ottawa, Ontario, Canada

Shopify Logistics is a provider of technology platform helps to plan, visualize and execute the movement of goods from manufacturer to the customer's store or door.

Buy -

Seller(S) 1

SELLER

Convoy

Seattle, Washington, United States

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Convoy is a digital freight network. By connecting shippers to carriers to move millions of truckloads, Convoy saves money for shippers, reduces hassles for carriers, and eliminates carbon waste for our planet. Convoy was founded in 2015 and is based in Seattle, Washington.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1