Logisyn Acts as Strategic Advisor to Haven in Acquisition by FourKites
Logisyn Advisors is pleased to have assisted Haven, Inc. as a strategic advisor in orchestrating an acquisition by FourKites®, the market leader in real-time supply chain visibility. With headquarters in San Francisco and offices in Singapore, Haven is a leader in global logistics visibility solutions that are designed to integrate seamlessly with major ocean carriers. Their solutions provide significant ROI by helping these organizations digitize their typically manual processes, thereby decreasing costs, increasing revenues and significantly improving customer satisfaction.
Having already been approached by other software companies, Haven felt it was the right time to consider expansion opportunities or to combine resources with a like-minded company. Logisyn’s expertise in the logistics technology sector provided a strong M&A foundation for the strategic buyer market mapping and necessary preparation.
Per Brad Klaus, CEO of Haven, “This transaction created a mutual solution for both Haven and FourKites to take their products to the next level. FourKites saw an opportunity with Haven to expand their offerings in the international ocean freight sector using our visibility tools. The Logisyn team were instrumental in negotiating terms that were agreeable to both sides while supporting us as we went through the process. Their skill sets in logistics, technology and deal negotiations were very helpful.”
Cris Arens, Logisyn Advisors Managing Partner comments, “Several members of our team have strong M&A experience in the logistics technology sector. This is an area we intend to expand upon in 2021. Working with Brad and the Haven team was a pleasure. We truly believe their solution is needed by the industry as supply chain visibility increases in importance. We have always had great respect for the FourKites executive team. With their recent capital raise from some of the largest companies in the industry, they are well positioned to leverage the Haven technology in the global logistics solutions race.”
Logisyn’s goal is to bring companies together by bringing people together. We work hard to find the perfect strategic fit, not just the first option that comes along. Every match is made with the intention to enable those companies to thrive in an optimal environment through a symbiotic relationship. That is definitely the case with FourKites and Haven.
