Accel-KKR Credit Partners has provided financing to CXT Software for its acquisition of e-Courier, creating a powerful logistics software entity poised for accelerated growth.

Target Company Overview

CXT Software is a leading provider of transportation management software (TMS) catering to couriers and shippers across North America. With a rich history spanning 25 years, CXT has established itself as a trusted partner in the logistics industry, offering a wide range of technology and support services that enable businesses to effectively compete and grow in an ever-evolving delivery landscape. Headquartered in Phoenix, Arizona, CXT's solutions address diverse logistics needs, ranging from last-mile delivery to customized logistic operations.

In this recent development, CXT Software has successfully secured acquisition financing from Accel-KKR Credit Partners to facilitate its purchase of e-Courier, a TMS provider specializing in last-mile delivery solutions. This strategic acquisition intends to create a more robust organization by combining the strengths of both entities, which will nearly double their overall customer base and enhance research and development capabilities.

Industry Overview in North America

The North American logistics industry has witnessed a significant transformation in response to growing consumer demand for faster and more transparent delivery services. As e-commerce continues to expand, so does the necessity for in