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New Deal


Announced

Sumeru invests in 3Gtms.

Financials

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Transaction Value-
Consideration TypePreference Shares
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
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Tags

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Private

software

Transportation Services

United States

Friendly

Private Equity

Acquisition

Pending

transportation services

Single Bidder

Synopsis

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Sumeru Equity Partners is a technology-focused private equity firm that invests in middle market companies across software, technology-enabled services and hardware, invested in 3Gtms, the fastest growing Tier 1 transportation management system, provider. Financial terms were not disclosed. “We’re thrilled to have the backing of SEP and the ability to more rapidly scale our products and expand our resources.", Mitch Weseley, 3Gtms CEO.

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