M&A Deal Summary

WiseTech Global Acquires Envase

On January 24, 2023, WiseTech Global acquired internet software and services company Envase from The Firmament Group for 230M USD

Acquisition Highlights
  • This is WiseTech Global’s 9th transaction in the Internet Software and Services sector.
  • This is WiseTech Global’s 3rd largest (disclosed) transaction.
  • This is WiseTech Global’s 6th transaction in the United States.
  • This is WiseTech Global’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2023-01-24
Target Envase
Sector Internet Software and Services
Buyer(s) WiseTech Global
Sellers(s) The Firmament Group
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

Envase

Dover, New Hampshire, United States
Envase provides mission-critical, cloud-based transportation management systems ("TMS") enterprise software and mobile applications to the intermodal transportation industry, with a core focus on the drayage trucking niche. The software merges order entry, dispatch, container tracking, electronic data interchange (EDI), API connectivity, document imaging, invoicing, settlements, and business intelligence, among other functions, into a single, streamlined system providing carrier efficiencies and container visibility over the intermodal supply chain. Envase is based in Dover, New Hampshire.

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Buyer(S) 1

Buyer

WiseTech Global

Alexandria, United States

Category Company
Founded 1994
Sector Software
Employees3,500
Revenue 1.0B AUD (2024)
DESCRIPTION

WiseTech Global is a technology company specializing in logistics software solutions. The Company offers its flagship product, CargoWise, an integrated platform that streamlines operations for freight forwarders, customs brokers, and logistics providers across over 170 countries. WiseTech Global was formed in 1994 and is based in Alexandria, New South Wales.


DEAL STATS #
Overall 29 of 31
Sector: Internet Software and Services M&A 9 of 10
Type: Add-on Acquisition M&A Deals 28 of 30
State: New Hampshire M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2023 M&A 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Kyckr

London, United Kingdom

Kyckr is a B2B information services company that aggregates, organises and structures the world’s primary source company data to help businesses reduce the risks associated with counterparty relationships. Kyckr was founded in 2007 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Blume Global

Pleasanton, California, United States

Blume Global is a developer of software package connects asset owners and their users by hosting real time capacity from several major equipment programs spanning 120+ markets in North America. Blume Global was founded in 1994 and is based in Pleasanton, California.

Buy $414M

Seller(S) 1

DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 7
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Hampshire M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2023 M&A 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Panacea Healthcare Solutions

Saint Paul, Minnesota, United States

Panacea Healthcare Solutions, Inc. is a provider of expert coding, compliance, financial consulting and information technology to hundreds of healthcare providers and organizations each year to proactively maintain compliance and identify risk and new incremental net revenue opportunities. Panacea Healthcare Solutions was founded in 2003 and is based in Saint Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Scanco

Nokomis, Florida, United States

Scanco is a provider of data collection, warehouse management, and inventory control software focused on Microsoft Dynamics ERP environments. The Company develops barcode-based solutions that support functions such as warehouse operations, manufacturing, shipping, receiving, and inventory tracking for distributors and manufacturers. Scanco was founded in 1989 and is based in Nokomis, Florida.

Buy -