Vaquero Capital received two major industry awards and Managing Partner David Grove won another in the ACQ5 Global Awards 2023. For the second consecutive year, Vaquero was recognized with awards for both 2023 US Investment Bank Of The Year (Growth Business) and 2023 US Investment Bank Of The Year (All Tech). In addition, Vaquero Founder … Continued
PCS Acquires UltraShipTMSIndustrials, Transportation & Energy ❯
HOUSTON — PCS Software (PCS), a leading transportation management platform provider for the inland trucking industry, today announced the acquisition of UltraShipTMS.
UltraShipTMS offers cloud supply chain management technologies and services to leading shippers in food production, packaging, manufacturing, retail and other industries.
“UltraShipTMS is a force in the TMS industry and is known for its quality supply chain and logistics technology solutions. The company has seen tremendous growth over the last few years and has a stronghold among agricultural producers and food shippers. This will complement our customer base and allow PCS to extend its footprint,” said Chris Poelma, Chief Executive Officer and Board Director at PCS Software.
By acquiring UltraShipTMS, PCS will build upon its existing transportation logistics management and fleet management capabilities and expand its capabilities to create one integrated shipper and carrier platform. This will offer users an end-to-end, unified interface for shipping and carrying visibility management.
“We are excited to join forces with PCS and combine our areas of expertise to further improve the supply and logistics industry,” said Nicholas Carretta, president of UltraShipTMS.
“UltraShipTMS became a trusted partner from the moment we implemented their platform in 2016. Their in-depth knowledge, dedication, and innovative solutions transformed our business capabilities and service offerings,” said Dan Taylor, Corporate CIO at Castellini Companies. “Over the years, we have appreciated the high levels of service UltraShipTMS provides and look forward to the additional capabilities and resources from PCS Software that will take our business to the next level.”
Vaquero advised PCS Software on the transaction.
UltraShipTMS offers award winning software-as-a-service solutions to leading shippers in food production, packaging, manufacturing, retail and other industries. UltraShipTMS, UltraYMS and the LoadFusion transportation optimizer provide a single-source solution for transportation and private fleet management, optimization and settlement handling in- and out-bound shipping across all modes of transport. www.ultrashiptms.com
About The CapStreet Group
The CapStreet Group is a Houston, Texas based private equity firm that invests in owner-managed, lower middle market companies. CapStreet targets companies operating in the value-added distribution, industrial services and manufacturing, and business to business service sectors. CapStreet’s approach is to partner with excellent management teams to build out corporate infrastructure, accelerate growth and profitability, and create long term sustainable businesses. For more information, visit The CapStreet Group website, www.capstreet.com.