Accel-KKR Completes Carve-Out Acquisition of Shipper TMS

Acquisition Marks Second AKKR Investment in Supply Chain Software Space in Two Months After PINC, A Leader in Yard Management Software Solutions

AKKR PINC ShipXpress

Menlo Park, CA & Union City, CA – September 15, 2020Accel-KKR, a leading technology-focused investment firm, today announced that it has closed on a carve-out acquisition of the Shipper TMS portion of the Supply Chain Optimization (SCO) software business portfolio owned by Wabtec Corporation. The Shipper TMS business provides cloud-based multi-modal shipment management applications to customers in the United States, Canada, and Mexico. Industrial shippers, carriers, logistics providers, and bulk terminal operators know the Shipper TMS business by two leading product brands, ShipperConnect and ShipXpress.

This is a strategic acquisition to Accel-KKR’s platform investment in PINC, a Gartner “Best of Breed” digital yard management software solution leader. Accel-KKR completed a significant growth equity investment in PINC on June 16, 2020. Multi-modal TMS and analytics solutions such as those offered by this Shipper TMS business is one of several growth strategies in support of PINC’s goal to expand its digital yard management and transportation management solutions to help clients optimize complex supply chains.

Shippers, such as those moving bulk commodities in the energy, mining, agricultural, metals and chemical verticals, turn to multi-modal shipments (e.g. rail and truck) due to the reliability, cost efficiency and sustainability afforded by the mix of modality as opposed to a single form of transportation. Among its key capabilities, Shipper TMS provides yard management, shipment visibility, rate management and bulk inventory management that allow for an accurate and timely flow of information to all parties from origin to the final destination.

The combined businesses will serve as a foundation for a Supply Chain Execution (SCE) platform focused on comprehensive transportation management software solutions for shippers. The platform will prioritize offerings that serve the origin and termination points in the supply chain with a specific focus on rail, truck, and terminal yard management. Combined with real-time visibility, electronic documentation, analytics, billing, rating and carrier management functionalities, the platform is well positioned to solve multiple transportation challenges in the supply chain industry.

About PINC:
PINC provides scalable software, hardware, and services that enable companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively. The company’s cloud-based real-time tracking platform, powered by an Internet of Things (IoT) sensor network that includes passive RFID, GPS, computer vision, cellular, and other sensors, provides actionable insights and connected expert guidance that allow organizations to optimize their supply chain execution. Visit PINC at www.pinc.com.

About Accel-KKR:
Accel-KKR is a technology-focused investment firm with over $9 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. Visit accel-kkr.com to learn more.

Media Contact:

For PINC:

Rafael Granato, Vice President of Marketing
PINC
+1 (510) 474-7509
press@pinc.com

For Accel-KKR:

Todd Fogarty
Kekst CNC
+1 (212) 521-4854
todd.fogarty@kekstcnc.com

Re-Evaluating The Supply Chain: Transportation Execution Driven By Innovation In Uncertain Times.

Transportation Innovation PINC

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As markets demand not only efficiency but agility and adaptability from supply chains in our current reality, supply chain executives have been heavily investing in automated execution and real-time visibility technologies to continue moving inventory and delivering on customer expectations.

The Logistics Industry in the U.S. represents approximately 10% of the GDP or close to 2 trillion dollars. However, data shows that the most significant activity comes from trucking. Trucking moves 71% of all the freight in America, and nearly 6% of all the full-time jobs in the country are in the trucking industry.

That translates into an $800B industry moving about 25 million trailers and containers and delivering close to a billion loads in any given year.

With billions of moving parts, and impacted by the convergence of a global pandemic and economic downturn, the trucking industry is in the process of shaking off these negative impacts with the help of innovative technologies.

In this roundtable, we will have innovators and industry veterans discussing the following questions:

  • How has the role of the supply-chain evolved in the current pandemic?
  • What are the key transportation and trucking challenges?
  • How is the industry innovating, how should the industry innovate?
  • How can academia and industry be better partners?
  • What business benefits should organizations expect from their investments in innovation?
  • What lies ahead?

Panelists will include stakeholders from various segments, including

The session will be moderated by Aleks Gollu who is a SCET lecturer and Industry Fellow at UC Berkeley and founder of PINC.


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