On January 24, 2025, Aptean, a global provider of enterprise software solutions, announced a definitive agreement to acquire Logility Supply Chain Solutions, Inc. for $14.30 per share in cash. This acquisition, backed by private equity firms TA Associates, Insight Partners, Charlesbank Capital Partners, and Clearlake Capital Group, represents a significant premium over Logility's recent stock prices.

Logility, headquartered in Atlanta, specializes in AI-driven supply chain management software, offering solutions that optimize inventory, enhance demand forecasting, and streamline production planning. With over 500 clients across various sectors, including consumer goods and industrial manufacturing, Logility's technology is designed to improve supply chain efficiency.

Aptean's CEO, TVN Reddy, emphasized Logility's expertise in supply chain management, stating that the acquisition will enhance their combined offerings and drive client success. TA Associates' Co-Managing Partner, Hythem T. El-Nazer, noted that the integration of both companies' solutions will foster innovation and growth.

Logility's Chairman, James B. Miller, Jr., expressed confidence that the sale to Aptean would maximize shareholder value. The decision followed a thorough auction process, ensuring that the transaction aligns with Logility's strategic goals. Allan Dow, Logility's President & CEO, highlighted the potential for continued innovation in supply chain solutions post-acquisition.

The acquisition is expected to close in the second quarter of 2025, pending shareholder and regulatory approvals. Once finalized, Logility will transition to a privately held entity, ceasing its public trading on Nasdaq. This move is anticipated to allow Logility to focus on long-term strategies without the pressures of public company obligations.

The transaction promises several strategic benefits. Logility will gain access to Aptean's resources, facilitating accelerated growth and enhanced service offerings. The collaboration aims to create a more robust suite of solutions for clients, reinforcing both companies' commitment to client success.

Advisors for the transaction include Lazard for Logility and Orrick for Aptean, with Jones Day providing legal counsel to Logility.