Founded in 1999, LLR Partners is a middle-market private equity firm with more than $3.5 billion raised across five funds. The company’s investments are focused mainly on the technology, healthcare and services businesses.
“The Magaya team has built a comprehensive shipping, warehousing and accounting solution, further enhanced by world-class services,” David Reuter, Partner at LLR Partners, said in a press release. “In addition to their technology, the breadth of Magaya’s reach was particularly impressive, currently extended to over 1,600 customers of all sizes operating global shipping routes across more than 75 countries. We are excited to help Magaya continue to invest in their growth, enhance their solution offerings and expand the company’s footprint.”
Magava was founded in 2001 by co-CEOs Jose Yoniel Garcia, Jesus David Rodriguez and Gabriel T. Ruz, Jr. The company helps automate and improve business operations for freight forwarders, third-party logistics, wholesalers and distributors around the world. Its software enables customers to process orders, manage and optimize their warehouse, and process shipments with accounting and communication functionality. The company’s offering includes support and software education to help deliver cost reduction, reduce risk through the IT lifecycle, and boost productivity.
“We were committed to finding a partner who understood our market and end customer, and could help us grow,” the three Co-CEOs of Magaya said in a joint statement. “LLR’s track record of scaling software businesses similar to us in size, coupled with their experience working directly with business operations solutions for distributors, made the team the clear partner of choice for Magaya.”
As part of the investment, Reuter will join the Magaya Board of Directors along with Michael Pantilione, vice president at LLR Partners.