TrueCommerce, provider of trading partner connectivity and integration solutions, will be acquired by Welsh, Carson, Anderson & Stowe (WCAS), the technology-focused private equity firm. WCAS’s investment in TrueCommerce will support continued organic growth in its existing customer segments and geographies, as well as expansion into new segments and capability areas through a focused acquisition strategy.
“We are very excited to partner with WCAS in our continued journey as a leader in supply chain collaboration, connectivity, and integrations,” said Michael Cornell, CEO of TrueCommerce. “Pairing the TrueCommerce management team’s deep domain expertise with WCAS’s investment acumen and track record of accelerating growth in technology companies will lead to promising outcomes for the marketplace and customers.”
WCAS’s strategy is to invest in growth-oriented companies, partner with outstanding management teams, and build value through a combination of organic growth initiatives, and strategic acquisitions.
“The WCAS team is thrilled to partner with TrueCommerce’s management team which has successfully built market leading technologies for the supply chain industry,” said Ryan Harper, General Partner, WCAS. “We believe TrueCommerce is uniquely positioned to leverage its strong foundation to become the clear global leader in the supply chain collaboration, connectivity, and unified commerce enablement space.”
WCAS will acquire TrueCommerce from Accel-KKR with the acquisition expected to close in the next thirty days, subject to customary closing conditions. WCAS was advised by Evercore. TrueCommerce and Accel-KKR were advised by William Blair and PJ Solomon.
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