Solomon Partners Advised 3Gtms on Sale of Majority Stake to Sumeru Equity Partners
On April 17, 2019, 3Gtms, a global provider of Tier 1 transportation management software solutions (TMS), announced that Sumeru Equity Partners (“SEP”) has made a strategic investment in the Company.
3Gtms is the fastest growing Tier 1 TMS provider and has the highest customer satisfaction in the industry. The Company’s 3G-TM transportation management system is at the forefront of TMS innovation. The broad and deep multimodal TMS manages the full order-to-cash process in real time and within a single system for logistics service providers, shippers and brokers. Built on a reimagined architecture that delivers the power to self-configure, unique routing concepts and proprietary algorithms, 3G-TM is the only TMS powerful enough to handle the most complex projects, yet intuitive enough to be used by transportation professionals of all levels–resulting in the industry’s highest customer retention rate. In 2014, Trimble (NASDAQ: TRMB) announced a strategic alliance with the Company, which included an equity investment from Trimble.
Solomon Partners served as exclusive financial advisor to 3Gtms.