PRESS RELEASE
ASG Acquires PackageRoute, Adding a Market Leading Last Mile Delivery Platform to its Logistics Portfolio
SEATTLE & WALNUT CREEK, Calif.–(BUSINESS WIRE)–ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, today announced that it has acquired PackageRoute, a market leading App used by independent service providers and their drivers to efficiently run their pickup and delivery operations in the last mile. The PackageRoute App and WebApp provide end to end visibility for every stop and every package, so independent contractors and their drivers gain insights and can make informed decisions to deliver superior service and remain more profitable.
“We are thrilled to welcome PackageRoute into the ASG family,” said Steve Reardon, CEO of ASG. “COVID-19 only further highlighted the criticality of last mile delivery and the importance of getting it right. Pankaj and the PackageRoute team have created an industry leading app for both owners and drivers, and we’re excited to further invest in its growth.”
This deal marks ASG’s 40th acquisition to date, and its fourth within the ASG Logistics Technology vertical. PackageRoute joins e-Courier, acquired in 2018, Record360, also acquired in 2018, and Trucker Tools, acquired earlier this year.
PackageRoute was founded in 2017 by Pankaj Nauriyal with a mission to help all service providers streamline their operations. Started with a focus on independent service providers, PackageRoute technology seamlessly integrates with pickup and delivery data, creating value through its mobile and web-based app by empowering last-mile delivery operators and drivers with up to the minute information about their operations. With PackageRoute, last-mile operators can balance their daily volume, monitor their route progress, prioritize their deliveries and manage their assets, all of which saves them time and maximizes their profits.
“ASG’s deep expertise in growing vertical SaaS businesses, backed by Alpine Investors’ resources, makes them an ideal partner to lead PackageRoute through its next growth cycle,” said Pankaj Nauriyal, Founder and CEO of PackageRoute. “Given our strong alignment in values, PackageRoute customers will continue to benefit from the product innovations and responsive service they have come to expect from us. We are thrilled to be part of ASG and are excited about what we are going to achieve together.”
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