PINC Acquires RailcarRx

pinc-railcarrx-rail-maintenance

Investment Marks Second Acquisition for PINC in Less Than 30 Days of Complementary Supply Chain Management Software Capabilities

Union City, CA – October 8, 2020PINC®, the leader in digital yard™ solutions, today announced that it has acquired RailcarRx®, a provider of a comprehensive suite of rail industry software solutions and services. RailcarRx software provides maintenance, repair, fleet and asset management insights that help railroads, railcar owners, repair shops and shippers operate more efficiently, monitor equipment health and improve safety.  RailcarRx will continue to operate and support its customers with the existing staff and supplier relationships, so that customers will receive the same high level of service and support they have come to expect from RailcarRx.

This transaction marks the second add-on acquisition for PINC in less than thirty days – PINC acquired a transportation management software (TMS) carveout from Wabtec Corporation on September 15, 2020. Known by its trade names, ShipperConnect and ShipXpress, the Shipper TMS software provides cloud-based shipment management applications to industrial shippers that move goods over multi-modal transportation, including rail. RailcarRx is a natural extension of these capabilities that will enable shippers to monitor rail fleet health, track fleet in various repair and maintenance stages and significantly improve rail logistics operations.

Multi-modal TMS and analytics solutions such as those offered by RailcarRx and Shipper TMS is part of a broader growth strategy for PINC, a Gartner “Best of Breed” digital yard management software solution leader. Accel-KKR completed a significant growth equity investment in PINC in June 2020. These add-on acquisitions support PINC’s goal of expanding its digital yard and transportation management solutions to help clients further optimize their complex supply chains.

A true end-to-end supply chain execution (SCE) platform will play a vital role in reducing the number of point solutions and manual, non-value added processes for supply chain leaders facing ever-growing transportation complexities and cost pressures. PINC’S expanding capabilities serve as a foundation for an 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. Combining powerful execution functionalities such as electronic documentation, analytics, billing, rating and carrier management with real-time visibility, the platform is well-positioned to solve multiple transportation challenges in the supply chain industry. Customers will be able to turn to PINC to see, automate, and execute more components of their supply chain.

About RailcarRx: 

RailcarRx provides software solutions, IT project support and expert consulting resources to clients ranging from freight and passenger railroads, to maintenance shops, railroad equipment finance organizations and railcar owners. For more details, visit railcarrx.com.

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. To learn more, visit PINC at www.pinc.com.

Media Contact:

For PINC:

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

For RailcarRx:

Josh Lippy
Director of Sales
RailcarRx
+1 (972) 559-3465 x 103
Jlippy@railcarrx.com

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