M&A Deal Summary

Project44 Acquires ClearMetal

On May 27, 2021, Project44 acquired transportation company ClearMetal

Acquisition Highlights
  • This is Project44’s 1st transaction in the Transportation sector.
  • This is Project44’s 1st transaction in the United States.
  • This is Project44’s 1st transaction in California.

M&A Deal Summary

Date 2021-05-27
Target ClearMetal
Sector Transportation
Buyer(s) Project44
Deal Type Add-on Acquisition

Target

ClearMetal

San Francisco, California, United States
ClearMetal is a provider of international supply chain visibility and predictive analytics for enterprises. ClearMetal’s patented artificial intelligence (AI) enables organizations to optimize their supply chains and provides customers with easy access to trusted, live information about their orders and shipments. ClearMetal is based in San Francisco, California.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Project44

Chicago, Illinois, United States

Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Project44 is a provider of cloud-based platforms that connects, automates, and provides visibility into key transportation processes to accelerate insights and drive better decisions. Project44 was founded in 2014 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 4
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 GateHouse Logistics A/S

Norresundby, Denmark

GateHouse Logistics A/S is a provider of an Integrated and independent logistics data provider. GateHouse Logistics is based in Norresundby, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Convey

Austin, Texas, United States

Convey is an operator of the Delivery Experience Management platform that powers customer delivery experiences for some of the world’s most recognizable brands in retail and logistics. The company’s DEM platform combines estimated delivery date in the cart, real-time visibility in transit, post-purchase communications, and AI-driven insights to create a solution capable of perfecting last mile delivery. Convey was founded in 2013 and is based in Austin, Texas.

Buy $255M