Thoma Bravo has agreed to acquire WWEX Group, a Dallas-based third-party logistics provider, in a deal that will combine the company with its existing portfolio company Auctane. The sellers include CVC Capital Partners, Providence Equity Partners, Ridgemont Equity Partners and PSG. No financial terms were disclosed, though sources value the deal at approximately $5 billion.

As part of the transaction, CVC Funds and other existing WWEX Group investors will roll over a portion of their equity and retain a significant minority position in the combined company. WWEX Group operates under several brands including Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics, providing parcel and freight services across North America. The deal represents Thoma Bravo's continued expansion in the logistics technology sector.

When the transaction closes in the second quarter of 2026, Thoma Bravo plans to merge WWEX Group with Auctane to create an integrated logistics platform. The combined entity will leverage Auctane's shipping software capabilities with WWEX Group's scaled parcel and freight service offerings. Legal advisors include Kirkland & Ellis LLP for Thoma Bravo and Auctane, while J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC serve as joint lead financial advisors to WWEX Group.