ManufacturingWWEX Group and Auctane have completed their merger and will operate as ShipStation Global, creating a logistics company that combines freight brokerage, parcel services, and shipping software under a single platform. The company is backed by Thoma Bravo, while CVC Funds and other existing WWEX Group investors retain a significant minority stake.
The transaction brings together WWEX Group's freight brokerage operations and network of more than 2,300 sales professionals with Auctane's shipping software portfolio, which includes ShipStation, Stamps.com, Metapack, and Packlink. The deal was first announced in March, when Thoma Bravo disclosed plans to acquire WWEX Group and combine it with its portfolio company Auctane.
Tom Madine, CEO of ShipStation Global, said small and mid-sized businesses have often relied on multiple systems and provider relationships to manage logistics operations. He said the combined company was built to bring freight services and shipping technology together in a single offering.
