We are proud of the brand and reputation that Envase has built within landside logistics and the outcome provided by this transaction."įirmament ( provides structured equity capital solutions to small- and medium-sized enterprises. Firmament began working with Larry in 2018 to design the vision for what Envase has become today. We are delighted to have been part of this journey with Larry and his talented team. Ted Wong, a Principal at Firmament who leads supply chain investing, remarked, "Congratulations to WiseTech on its acquisition of Envase and its integration into a family of leading supply chain solutions. Richard White, Founder and CEO of WiseTech Global, said: "This is a strategically significant acquisition in landside logistics, which extends and strengthens our position in one of our six key CargoWise development priority areas, and we're extremely pleased to have the Envase team join the WiseTech Global group." The Envase team is grateful for the support of Firmament over the years and for their vision to establish Envase as a leader in landside logistics."
Combined with the strength and size of WiseTech, we have a powerful platform that we expect to further increase capacity and utilization and drive innovation in what is an intensely complex and highly fragmented ecosystem. Over the past few years, we have assembled and integrated a powerful suite of landside logistics solutions. Envase's CEO Larry Cuddy, Jr, said: "This deal marks the beginning of a new, exciting chapter for Envase. Envase's more than 1,300 customers across North America include trucking companies, ports, depots, and warehouses. Headquartered in the United States, Envase's solutions for carriers automate and provide visibility for the movement of containers across all aspects of import and export drayage and intermodal operations from port and rail terminals to destination. Firmament (PRNewsfoto/The Firmament Group)
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