Logisyn Advisors is pleased to announce our role as the sell-side advisor to Shipwell, a leading supply chain solution provider, in the divestiture of their brokerage division to CloudTrucks. This acquisition highlights a broader industry trend where carriers are leveraging synergies between their controlled capacity and the expanded market reach that a brokerage can offer.
CloudTrucks is a virtual trucking carrier that offers technology-driven operations and capacity management for owner-operators. Shipwell, on the other hand, offers a holistic platform catering to shippers' every need — from transportation management and visibility to procurement — all within a user-friendly interface. The divestiture of Shipwell's brokerage division not only sharpens its focus on technological innovation but also opens a significant avenue for CloudTrucks to broaden its operational scope.
“Thanks to Logisyn Advisors, especially Max and Matt, our transaction with CloudTrucks was not just a sale, but a strategic move that aligns with Shipwell's future. Their tailored approach and industry expertise were indispensable.” - Jason Traff, President & Co-Founder of Shipwell
“Shipwell is widely recognized for developing a premier TMS within our sector, and refining their focus on software advancement reflects a strategic pivot towards their core strengths. Greg and Jason's forward-looking vision necessitated a realignment and sale of the brokerage part of their business. Logisyn's commitment to facilitating the perfect match between buyer and seller has truly shone through in this transaction, ensuring a seamless transition that aligns with everyone's strategic objectives.” - Max Ibata-Arens, Executive Sponsor at Logisyn Advisors
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For more details on the acquisition, please refer to the press put out by Shipwell and CloudTrucks:
Logisyn is an M&A advisor that caters specifically to companies in the logistics sector. Our customers include global freight forwarders, customs house brokers, domestic forwarders, trucking companies, logistics software providers, and many other companies across the industry. We provide a variety of services including buy-side advisory for companies looking to grow through acquisition, sell-side advisory for entrepreneurs looking to exit and capitalize on the businesses they’ve built, and enterprise valuation services for managers looking to gain a better understanding of the value of their business. We are actively engaged with leading companies across the logistics industry.
Logisyn has a proven track record of advising executives looking to navigate the M&A process in the logistics industry. For additional information, please contact our team at [email protected].