Thoma Bravo portfolio companies WWEX Group and Auctane have completed their merger, creating a combined entity in the logistics technology space. WWEX Group operates as a third-party logistics provider specializing in parcel and freight services, while Auctane brings technology products like ShipStation, Stamps.com, Metapack, and Packlink to the table. The Dallas-based combined company will operate under the ShipStation brand.

CVC and other existing WWEX Group investors maintain a significant minority stake in the newly formed entity, though no financial terms were disclosed for the transaction. The merger consolidates Auctane's e-commerce shipping technology with WWEX's logistics infrastructure, potentially creating a more comprehensive service offering for clients across the parcel and freight sectors.

The combined entity now operates as ShipStation, positioning itself as a more integrated player in the logistics technology market. The merger reflects continuing consolidation in the e-commerce logistics space as companies seek to expand service offerings and market share. Industry observers expect the combined company to leverage complementary strengths to better compete in an increasingly crowded market.