ProcessWeaver Acquired by Elemica

ProcessWeaver Acquired by Elemica

Deal Financials

  • Undisclosed

Transaction Overview

  • On December 16, 2020 Elemica announced its acquisition of TBP client, ProcessWeaver.
  • ProcessWeaver is the leading first-to-final mile multi-carrier parcel Transportation Management System (TMS) solution provider. The company offers a digital platform that extends native ERP cloud transportation and logistics functionality.
  • Elemica is the world’s leading digital supply chain network for the global manufacturing sector, with over $600B in goods bought, sold and moved annually through the Elemica Network.
  • Further details can be found on the company website.

TBP Role

  • True Blue Partners was the exclusive financial advisor to ProcessWeaver in this transaction.
  • TBP engaged with ProcessWeaver in 2016 and helped build strategic partnerships with global supply chain leaders.
  • TBP secured a strategic valuation for ProcessWeaver through a negotiated sale process.
  • This further demonstrates TBPs excellence in working with entrpreneurs that have built software and SaaS businesses without taking on institutional capital.

Demand for TMS Capabilities and M&A

  • Middle market M&A activity has rebounded strongly, rising 28% since last quarter.
  • This has been driven by low interest rates and market optimism with the introduction of a vaccine for COVID-19.
  • The COVID-19 pandemic has driven up demand for parcel TMS significantly.
  • Many supply chain companies are expanding their offerings by acquiring TMS capabilites as illustrated by recent transactions.

About True Blue Partners
True Blue Partners is a boutique M&A advisory firm that serves lower mid-market enterprise software, service and solutions companies. It brings the rigorous strategic and financial perspective of bulge bracket firms with a company building approach and a steadfast partnership that only an independent boutique firm can deliver. For more information please visit or email us at

TBP was the exclusive financial advisor to ProcessWeaver on this transaction.