Add-on Acquisition • Software

Sumeru Equity Partners Exits 3Gtms

On March 25, 2025, The Descartes Systems Group invested in software company 3Gtms from Sumeru Equity Partners for 115M USD

Investment Context
  • This is The Descartes Systems Group’s 21st transaction in the Software sector.
  • This is The Descartes Systems Group’s 2nd largest (disclosed) transaction.
  • This is The Descartes Systems Group’s 31st transaction in the United States.
  • This is The Descartes Systems Group’s 4th transaction in Ohio.

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Investment Summary

Date March 25, 2025
Target 3Gtms
Sector Software
Investor(s) The Descartes Systems Group
Sellers(s) Sumeru Equity Partners
Deal Type Add-on Acquisition
Deal Value 115M USD
Advisor(s) Lincoln International (Financial)
Gibson, Dunn & Crutcher (Legal)

Target Company

3Gtms

Columbus, Ohio, United States
3Gtms is the fastest growing tier 1 transportation management system (TMS) provider and is committed to giving mid-to-large shippers and logistics service providers a competitive advantage through technology. 3Gtms was founded in 2013 and is based in Columbus, Ohio.
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Investor Overview 1

Investor

The Descartes Systems Group

Waterloo, Ontario, Canada

Category Company
Founded 1981
Sector Software
Employees1,334
Revenue 651M USD (2025)
DESCRIPTION

The Descartes Systems Group is a provider of on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. The Descartes Systems Group was founded in 1981 and is based in Waterloo, Canada.


Deal Context for Investor #
Overall 55 of 57
Sector: Software 21 of 22
Type: Add-on Acquisition 55 of 56
State: Ohio 4 of 4
Country: United States 31 of 33
Year: 2025 1 of 3
Size (of disclosed) 2 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 Sellercloud

Cranbury, New Jersey, United States

Sellercloud provides small and mid-market retailers, distributors, wholesalers, and manufacturers with multi-channel ecommerce operations. Sellercloud’s Inventory Management Solutions and Order Management Solutions (IMS/OMS) help customers synchronize, plan and manage inventory levels across multiple sales channels. In addition, Sellercloud helps product sellers orchestrate the fulfillment process from routing orders to the right warehouse to enabling warehouse staff to better manage order picking, packing, shipping, and returns. Sellercloud was founded in 2010 and is based in Cranbury, New Jersey.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-19 PackageRoute

Seattle, Washington, United States

PackageRoute helps all independent contractors and service providers run their package delivery operations more efficiently. The company's technology seamlessly integrates with their pickup and delivery data, curates, organizes, and presents it in an intuitive way so contractors and drivers can make informed decisions from anywhere, using any device. This helps them deliver more packages per hour, eliminate operations anxiety, be more profitable, and offer better service, which leads to happier end customers and employees. PackageRoute was formed in 2017 and is based in Seattle, Washington.

Buy -

Seller Profile 1

DESCRIPTION

Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $50 and $250 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.


Deal Context for Seller #
Overall 12 of 12
Sector: Software 5 of 5
Type: Add-on Acquisition 7 of 7
State: Ohio 1 of 1
Country: United States 9 of 9
Year: 2025 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Aerospike

Mountain View, California, United States

Aerospike is a provider of high-performance NoSQL database software for enterprise applications. Aerospike was founded in 2009 and is based in Mountain View, California.

Buy -