Thoma Bravo has acquired Worldwide Express, a leading third-party logistics (3PL) provider, for an undisclosed amount. Worldwide Express, part of WWEX Group, specializes in assisting over 113,000 small to medium-sized businesses (SMBs) with their shipping needs. The company is recognized as a major authorized UPS reseller and one of the largest privately held freight brokerages in the United States, arranging the delivery of 53 million small package, LTL, and truckload shipments annually.
This acquisition by Thoma Bravo, a prominent software investment firm, signifies a strategic move to enhance and expand Worldwide Express's technological capabilities and market reach. Thoma Bravo's expertise in scaling technology-driven businesses is expected to support Worldwide Express in further developing its streamlined shipping platform and optimizing its operational efficiencies. The firm aims to capitalize on the increasing demand for sophisticated and efficient logistics solutions within the SMB sector.
Worldwide Express provides its clients with proactive logistics expertise, a user-friendly shipping platform, and access to an extensive network of over 75 top freight carriers, 45,000+ full truckload carriers, and the nation’s leading small-package carrier, UPS. The integration with Thoma Bravo is anticipated to accelerate Worldwide Express's ability to deliver practical ideas for time and cost savings, leveraging advanced technology and operational best practices to enhance its service portfolio for its diverse client base.
The acquisition is set to strengthen Worldwide Express's market position and expand its capabilities in a competitive and evolving logistics landscape. The combined entity is poised to drive innovation in logistics technology and enhance value for its extensive client base, ensuring continued growth and efficiency in shipping solutions for SMBs across the nation.