Add-on Acquisition • Software

GXO Logistics Acquires PFSW

On September 14, 2023, GXO Logistics acquired software company PFSW for 181M USD

Acquisition Context
  • This is GXO Logistics’ 1st transaction in the Software sector.
  • This is GXO Logistics’ largest (disclosed) transaction.
  • This is GXO Logistics’ 1st transaction in the United States.
  • This is GXO Logistics’ 1st transaction in Texas.

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M&A Deal Summary

Date September 14, 2023
Target PFSW
Sector Software
Buyer(s) GXO Logistics
Deal Type Add-on Acquisition
Deal Value 181M USD
Advisor(s) Raymond James - Investment Banking (Financial)
FisherBroyles (Legal)

Target Company

PFSW

Allen, Texas, United States
PFSW is a commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. PFSW was founded in 1994 and is based in Allen, Texas.
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Buyer Overview 1

Buyer

GXO Logistics

Greenwich, Connecticut, United States

Category Company
Sector Transportation
Employees150,000
Revenue 11.7B USD (2024)
DESCRIPTION

GXO Logistics is a pure-play contract logistics provider that is committed to providing a diverse, world-class workplace for more than 130,000 team members across more than 970 facilities totaling approximately 200 million square feet. The company partners with blue chip companies to solve complex logistics challenges with technologically advanced supply chain and e-commerce solutions, at scale and with speed. GXO Logistics is headquartered in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 1 of 2
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 2
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Wincanton

Chippenham, United Kingdom

Wincanton provides a provision of supply chain solutions. Wincanton was founded in 1925 and is based in Chippenham, the United Kingdom.

Buy -