21 Sep Bandon Partners announces the partial exit of PCS Software with LLR Partners
PHILADELPHIA & HOUSTON – LLR Partners today announced a growth investment in PCS Software (PCS), a leading transportation management (TMS) platform provider for shippers, carriers, and brokerages in North America. Existing investor Capstreet remains a minority shareholder in the business. LLR’s investment in PCS will support continued organic growth and product innovation plans as well as the pursuit of strategic acquisitions.
“Carriers and shippers are facing unrelenting complexities in the supply chain and need an end-to-end platform to access superior integrations, automation and analytics to remain competitive,” said Michael Pantilione, Partner at LLR Partners. “PCS manages the full transportation process from planning, dispatch, and asset tracking to general fleet management. We are thrilled to partner with Chris Poelma, the PCS team, and Capstreet, to continue to drive efficiency in the transportation and logistics space with our technology.”
PCS’s AI-driven transportation management platform automates the entire transportation logistics operation via a single comprehensive web-based solution. For carriers, PCS automates load bundling, route optimization, and real-time driver tracking, enabling customers to increase profits and track performance. For shippers, PCS optimizes load scheduling and streamlines carrier relationships by providing a real-time view into the best pricing for every shipment, driving additional profit to shippers and giving them total visibility into their supply chain.
“LLR brings two decades of experience partnering with technology companies to help them accelerate growth,” said Chris Poelma, CEO of PCS Software. “We are excited to leverage their expertise in transportation and fleet management, as well as the core drivers of business growth, to help more mid and large-sized carriers and shippers optimize their supply chain operations.”
“We’re proud of the transformation PCS has undergone over the course of our ownership, thanks to initiatives Capstreet executed in partnership with management,” said Kevin Johnson, Principal at Capstreet. “Over the last three years, we have built out the PCS management team, invested in sales and go-to-market initiatives to expand into new customer segments, upgraded the software architecture, and completed a strategic acquisition. We look forward to partnering with the LLR and PCS teams to take advantage of new opportunities.”