Convey, Inc. ; project44, Inc.

Overview

Deal Type Mergers & Acquisitions
Size $255 Million
Client & Transactional Partners Convey, Inc.
project44, Inc.
Our Role Exclusive Sell-Side Advisor

Summary

On September 20, 2021, KeyBanc Capital Markets (“KBCM”) successfully advised Convey, Inc. (“Convey”), the global leader in Delivery Experience Management (“DEM”), on its sale to project44, Inc. (“project44”) for $255 million in total consideration.

Convey is the global leader in DEM and powers exceptional customer delivery experiences for some of the world’s most recognizable brands in retail and logistics. The Company’s DEM platform combines estimated delivery date in cart, real-time visibility in-transit, post-purchase communications, and AI-driven insights to create a solution capable of perfecting last mile delivery. Founded in 2013, Convey is based in Austin, Texas.

project44 is the world’s leading advanced visibility platform for shippers and logistics service providers. project44 connects, automates, and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional experience to their customers. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Air, Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Groupage, Truckload, Rail, Intermodal, and Ocean.

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