Supply Chain Acquisitions Tracker
A running record of supply chain acquisitions across 3PL, fulfillment, parcel, and reverse logistics, curated by the Fulfill.com M&A advisory team. Every deal links to a primary source, and any value that is not party-disclosed says who reported or estimated it.
Updated August 17, 2026
Three Stories Behind 2025-2026 Logistics M&A
Tech-led platforms are buying the mid-market
Stord alone closed three deals between May 2025 and January 2026: Ware2Go from UPS, Penny Black, and Shipwire from CEVA. Incumbents are exiting SMB fulfillment while software-first platforms consolidate it, which changes who the likely buyer is for an independent eCommerce 3PL.
Shipping software and parcel buying power are merging
Thoma Bravo's move to combine WWEX Group's freight and parcel brands with Auctane, the ShipStation and Stamps.com parent, puts carrier buying power and merchant software under one roof, in a deal Axios reports at roughly $5B.
Returns became its own M&A theme
DHL bought Inmar Supply Chain Solutions in January 2025 and IDS Fulfillment that May, and Blue Yonder took Optoro. Returns capacity and returns software are being acquired as strategic assets rather than cost centers.
3PL and Supply Chain M&A Deals, 2025-2026
Newest first. This list tracks mergers and acquisitions relevant to third-party logistics: fulfillment networks, contract logistics, parcel, and reverse logistics, with adjacent freight software where it changes who buys 3PLs.
- Contract logistics
NX Group (Nippon Express) acquires Metro Supply Chain Group
Canadian contract-logistics 3PL with operations in Canada, the US, and the UK. Nippon Express calls it the largest acquisition in the group's history.
- eCommerce fulfillment
West Coast Prep 3PL acquires Logistics HQ
US eCommerce fulfillment and multichannel distribution provider. Logistics HQ's founder joins the combined company as a partner.
- Parcel and freight
Thoma Bravo acquires WWEX Group
WWEX Group's parcel and freight brands (Worldwide Express, GlobalTranz, Unishippers) merge with Auctane, the ShipStation and Stamps.com parent, under Thoma Bravo ownership.
Deal valueUndisclosedAxios reports a deal value of roughly $5B; the parties did not disclose terms - Contract logistics
Echo Global Logistics acquires ITS Logistics
3PL with drop-trailer and trailer-pool programs, dedicated capacity, drayage, and omnichannel fulfillment. The deal closed in March 2026; the completion release cites $5.2B in combined 2025 revenue.
- eCommerce fulfillment
D&H Distributing acquires Fulfillment.com
Global eCommerce fulfillment provider, folded into D&H's SCALE third-party logistics division.
- Managed transportation
Greenbriar Equity Group acquires eShipping
Managed-transportation provider spanning fulfillment, freight forwarding, customs brokerage, and parcel.
- eCommerce fulfillment
Stord acquires Shipwire
SMB eCommerce fulfillment network and order-management platform, acquired from CEVA Logistics. Adds 12 locations and a European and UK footprint.
- eCommerce fulfillment
Double Barrel Capital acquires Envoy Source
Memphis 3PL focused on high-value packaging and serialized inventory. A majority recapitalization out of Double Barrel's first fund.
- Reverse logistics
Blue Yonder (Panasonic) acquires Optoro
Returns-management and reverse-logistics platform, absorbed into Blue Yonder's supply chain software suite.
- eCommerce fulfillment
Handled Commerce acquires Hook Logistics
New Jersey and Southern California DTC and retail fulfillment 3PL, giving the combined brand bi-coastal operations.
- Fulfillment technology
Stord acquires Penny Black
Post-purchase personalization software that runs at the pack station, bolted onto Stord's fulfillment network.
- eCommerce fulfillment
DHL Supply Chain acquires IDS Fulfillment
Indiana multi-client eCommerce fulfillment provider. DHL's move down-market into SMB fulfillment.
Deal valueUndisclosedCapstone Partners, an advisory firm, estimates roughly $61M - eCommerce fulfillment
Stord acquires Ware2Go
UPS's SMB on-demand fulfillment network, adding over 2.5M sq ft of warehouse capacity to Stord's network.
- Parcel and freight
InPost acquires Yodel
UK parcel-delivery network, acquired via Yodel's parent company. InPost says the takeover moves it to roughly 8% of the UK parcel market. A former owner's claim to a majority stake restricted integration through the English High Court; InPost says the court dismissed that claim in December 2025.
Deal valueGBP 106M, non-cash, for a 95.5% stakeInPost states the stake and the GBP 106M of convertible loan notes it had advanced to Yodel's parent, Judge Logistics, which converted to equity; PayPoint retains 4.5% - Parcel and freight
Delhivery acquires Ecom Express
Indian eCommerce logistics network. Entrepreneur India reports the distressed sale came at roughly an 80% markdown to the company's June 2024 valuation.
Deal valueUp to INR 1,407 crore (about USD 165M at April 2025 rates) for at least 99.4%the cap and the stake floor as approved by Delhivery's board on April 5, 2025 and disclosed to the Indian exchanges, as reported by Business Standard; the linked investor FAQ does not restate them - Reverse logistics
DHL Supply Chain acquires Inmar Supply Chain Solutions
Retail returns and reverse-logistics operator with 14 return centers. DHL says the deal makes it the largest reverse-logistics provider in North America.
Deal valueUndisclosedCapstone Partners, an advisory firm, estimates roughly $51M
Values marked as estimates are a third party's figure, not a disclosed price. Know about a 3PL or supply chain deal we have not listed? Tell us through the M&A advisory page.
Supply Chain M&A, Answered
Who is buying 3PLs right now?
Four buyer groups drive most supply chain acquisitions: strategics consolidating capacity (DHL, Nippon Express, Echo), tech-led fulfillment platforms buying networks and software (Stord's run of Shipwire, Penny Black, and Ware2Go), private equity building logistics platforms (Thoma Bravo, Greenbriar, Double Barrel Capital), and family offices acquiring individual 3PLs. The mix matters to sellers because each group values a 3PL differently.
Why are so many deal values undisclosed?
Most 3PL transactions are private-to-private deals with no reporting obligation, so the parties simply do not publish a price. Where a value appears in this tracker it is either party-disclosed, media-reported, or an advisory firm's estimate, and any figure that is not party-disclosed carries its attribution in the row. Treat estimates as directional, not as comps.
How are 3PLs valued in an acquisition?
Most 3PLs trade on a multiple of adjusted EBITDA, with the multiple moved by revenue durability, client concentration, facility footprint, and systems maturity. Our 3PL valuation tool walks through the inputs, and our advisory team benchmarks against proprietary transaction data.
I own a 3PL. What should I do before a buyer calls?
Know your number and your story before you need them: clean financials, EBITDA normalizations you can defend, and a view of which buyer group your business fits. Fulfill.com's M&A team advises 3PL owners on both sides of the table, from valuation through close.
Thinking About Your Own Transaction?
Whether you are weighing an exit or building through acquisition, our team has advised on $1B+ in 3PL transaction volume. Start with a confidential conversation.