Aptean, a global leader in providing mission-critical enterprise software solutions, backed by TA Associates, Insight Partners, Charlesbank Capital Partners, and Clearlake Capital Group, has announced a definitive agreement to acquire Logility Supply Chain Solutions, Inc., a renowned provider of AI-powered supply chain management software.
As part of the agreement, Aptean will acquire all of Logility’s outstanding common stock at $14.30 per share in an all-cash transaction. This purchase price represents a 27% premium to Logility’s closing share price on January 23, 2025, and a 28.4% premium to the 30-day volume-weighted average share price. It also marks a 30.1% premium over the unaffected share price on December 6, 2024, and a 34.1% premium to the 30-day volume-weighted average price prior to 2717 Partners’ public letter on December 9, 2024.
Headquartered in Atlanta, Georgia, Logility offers AI-powered advanced supply chain planning solutions designed to optimize inventory, enhance demand forecasting, and streamline production planning. Logility’s comprehensive suite of solutions covers demand planning, inventory optimization, manufacturing operations, network design, and vendor sourcing management. With over 500 clients in more than 80 countries across various sectors, including consumer goods, apparel, food and beverage, and chemicals, Logility serves a diverse range of industries.
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“Logility brings years of expertise in helping global organizations design, build, and manage their supply chains,” said TVN Reddy, CEO of Aptean. “The Logility platform delivers an essential suite of AI-powered supply chain solutions designed to meet even the most complex needs. We are excited to welcome Logility’s loyal clients and talented team to Aptean.”
“Since TA’s investment in 2019, Aptean has been at the forefront of innovation for its manufacturing and supply chain clients globally. We believe the integration of our complementary solution suites will foster further innovation and elevate both Aptean and Logility’s offerings, strengthening our shared commitment to client success,” said Hythem T. El-Nazer, Co-Managing Partner at TA.
“We are thrilled to announce this transaction with Aptean, which will provide immediate and significant value to our shareholders,” said James B. Miller, Jr., Chairman of Logility’s Board of Directors. “Our Board, with the guidance of our financial and legal advisors, has conducted a thorough process to evaluate all strategic alternatives. The unanimous decision to sell to Aptean ensures maximum shareholder value while positioning the company to continue offering innovative solutions to our clients.”
“Aptean’s acquisition of Logility marks an exciting new chapter for our company,” said Allan Dow, President & CEO of Logility. “Logility’s mission to help organizations build sustainable and profitable supply chains is one we will continue alongside Aptean, which has an impressive track record of supporting manufacturers and distributors. This transaction represents a positive outcome for our clients, shareholders, and the company, helping us achieve long-term success.”
Strategic and Financial Benefits:
- Enhanced Focus: By joining Aptean, Logility, now a privately held entity, can focus more effectively on its long-term strategy, free from the constraints and costs of being a public company.
- Access to Resources: Aptean’s backing will provide Logility with enhanced resources to accelerate growth and execute strategic initiatives.
- Complementary Offerings: The integration of Aptean’s and Logility’s technologies will combine their best-in-class solutions, enhancing their joint offering for clients.
- Maximizing Value for Shareholders and Clients: The definitive agreement reflects Logility’s dedication to maximizing shareholder value and lays a solid foundation for the company to continue driving success for its clients.