3GTMS Acquired by Descartes Systems for $115 Million
Deal News | Mar 25, 2025 | Sumeru
Sumeru Equity Partners has successfully completed the sale of its portfolio company, 3GTMS, a leading provider of transportation management software, to Descartes Systems Group for approximately $115 million. 3GTMS, headquartered in Columbus, Ohio, develops modern, cloud-based transportation management solutions that improve costs, customer satisfaction, and efficiency for shippers, logistics providers, and freight brokers. The acquisition strengthens Descartes' position in North America, expanding its transportation management functionality and carrier network, including API-integrated LTL carriers. Legal and financial advisors to the transaction included Gibson, Dunn & Crutcher LLP and Lincoln International LLC for 3GTMS, and Morgan, Lewis & Bockius LLP and Centerview Partners LLC for Descartes. Sumeru Equity Partners, known for providing growth capital to innovative technology companies, had added 3GTMS to its portfolio as part of its strategic investments in enterprise and vertical SaaS. The transaction aligns with Descartes’ focus on improving productivity, security, and sustainability in logistics-intensive operations.
Sectors
- Transportation Management Software
- Private Equity
- Logistics and Supply Chain
- Software as a Service (SaaS)
Geography
- United States – 3GTMS is based in Columbus, Ohio, indicating the geographical focus on the United States for this article.
- Canada – Descartes Systems Group, the acquirer, is headquartered in Waterloo, Ontario, Canada, representing the geographical context of the transaction.
Industry
- Transportation Management Software – The article discusses the acquisition of 3GTMS, a provider specializing in transportation management software solutions, indicating its core industry involvement.
- Private Equity – Sumeru Equity Partners' involvement in the transaction as the seller of 3GTMS reflects the article's connection to the private equity sector.
- Logistics and Supply Chain – The acquisition by Descartes, a leader in logistics, and the capabilities of 3GTMS place the article within the logistics and supply chain industry.
- Software as a Service (SaaS) – The acquisition highlights the industry's shift towards SaaS, with 3GTMS providing cloud-based transportation management solutions.
Financials
- $115 million – The acquisition price paid by Descartes to acquire 3GTMS.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 3GTMS | Target Company | Company | A leading provider of transportation management software based in Columbus, Ohio. |
| Sumeru Equity Partners | Selling Company | Company | A private equity firm providing growth capital to technology companies. |
| Descartes Systems Group | Bidding Company | Company | A global leader in logistics-intensive business solutions, based in Waterloo, Ontario. |
| Gibson, Dunn & Crutcher LLP | Legal Advisor to 3GTMS | Company | Served as legal counsel for 3GTMS in the transaction. |
| Lincoln International LLC | Financial Advisor to 3GTMS | Company | Provided financial advisory services to 3GTMS for the transaction. |
| Morgan, Lewis & Bockius LLP | Legal Advisor to Descartes | Company | Served as legal counsel for Descartes in the acquisition. |
| Centerview Partners LLC | Financial Advisor to Descartes | Company | Provided financial advisory services to Descartes for the transaction. |