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BestTransport Acquired by Descartes Systems Group
BestTransport’s solution effectively addresses the unique characteristics associated with flatbed logistics, while offering a common platform for multiple constituents to collaborate and manage the lifecycle of shipments.
Jeff Doose ,
Chairman
We used SEG on two successful sell-side engagements. SEG brought best-in-class industry knowledge and an extensive buyer network to both processes. Their ability to distill the essence of each value proposition, effectively communicate that value to the buyer community and negotiate and close a high-value transaction was second to none. However, in our experience, the trait unique to SEG was persistence. They never gave up on either process in spite of numerous twists and turns and, in the end, delivered extraordinary outcomes for our shareholders."
- Jeff Doose, Chairman, BestTransport
SEG served as exclusive advisor to BestTransport
Client Description
The company
BestTransport is a best-of-breed provider of cloud-based transportation management software focused on flatbed-intensive manufacturers and distributors.
The software
The Company offers a full TMS suite of solutions from contract rate management to load building, shipment execution and freight payment, with extensive capabilities for flatbed transportation moves.
Headquarters
Columbus, OH
Buyer Description
The company
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance, and security of logistics-intensive businesses.
Headquarters
Waterloo, Ontario, Canada
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PRESS RELEASE OVERVIEW
SEG Client, BestTransport, Acquired by Descartes Systems Group
Aug. 21, 2019 — Software Equity Group (SEG) announces its client, BestTransport, best of breed provider of cloud-based transportation management software focused on flatbed-intensive manufacturers and distributors, has been acquired by Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce. SEG served as exclusive advisor to BestTransport.
BestTransport has been connecting shippers and carriers to streamline transportation processes for more than 15 years. Shipper and carrier customers leverage BestTransport’s platform to more efficiently manage numerous shipments each year across North America and Europe. The company offers a full TMS suite of solutions from contract rate management to load building, shipment execution and freight payment, with extensive capabilities for flatbed transportation moves.
“Moving goods in the flatbed market requires domain expertise and special equipment, and the associated transportation management processes have some unique characteristics,” said Andrew Roszko, EVP of Global Sales at Descartes. “BestTransport has built a great business by creating a platform that addresses these unique characteristics with solutions available for both shippers and carriers.”
“BestTransport, like Descartes, sees the value in creating a common platform for multiple constituents to collaborate and manage the lifecycle of shipments,” said Edward J. Ryan, Descartes’ CEO. “By combining BestTransport’s platform with our Global Logistics Network, we can offer additional solutions to the community, such as Descartes MacroPoint Visibility and Capacity Matching. We welcome the BestTransport team of domain experts and community of customers to Descartes.”