MacroPoint Has Been Acquired by Descartes Systems Group
Signal Hill is pleased to announce that its client MacroPoint, LLC, a supply chain visibility platform that provides shippers, brokers and logistics service companies with real-time location-based freight tracking and predictive capacity analytics, has been acquired by Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX). Ontario-based Descartes is the global leader in uniting logistics-intensive businesses in commerce.
“We’re excited to have MacroPoint join the Global Logistics Network so that we can jointly deliver even more value to the logistics and supply chain community," said Edward J. Ryan, CEO of Descartes.
MacroPoint runs a connected network of over 2 million trucking assets and drivers. It connects to trucks through integrations to on-board electronic logging devices (ELDs), transportation management systems, GPS-enabled smart phone applications and location-based mobile phone triangulation.
"From our experience with Signal Hill last year, we knew that Dave Dolan and the team would work tirelessly on our behalf. Their counsel resulted in another successful transaction, and they guided us to the right partner for our firm," said Bennett Adelson, CEO of MacroPoint.
"We're pleased to continue our relationship with Dave Dolan and the team at Signal Hill. They have become an advisor of choice in the transportation, logistics and supply chain technology market and we knew we could count on them to deliver an excellent and efficient outcome," said Ben Weinberg of Susquehanna Growth Equity, LLC (SGE), a MacroPoint shareholder.
Signal Hill advised MacroPoint on its growth equity investment from SGE in August 2016.
About Signal Hill
Signal Hill Capital Group LLC, along with its affiliate, Signal Hill LLC (together, "Signal Hill"), is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies and was named 2016 Boutique Technology Investment Bank of the Year by the Global M&A Network. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Services and Technology, Media and Telecommunications (TMT). With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes. For more information visit www.signalhill.co