Supply Chain Software Provider PINC Receives Significant Growth Equity Investment from Accel-KKR

Accel-KKR PINC Equity Investment

PINC, a leader in digital yard™ solutions, has announced that it has secured a significant growth equity investment from Accel-KKR, a leading technology-focused private equity firm.

The investment will fuel PINC's momentum in becoming a global category leader in supply chain management software through strategic acquisitions and a focused organic growth plan.

Gartner has estimated supply chain management software to be a $17 billion addressable market growing at approximately 10% a year.

However, with 66% of logistics budgets spent on moving only 10% of total inventory, the remaining 90% of inventory at rest is not optimized for bottom-line impact and efficiency gains.

Since its founding in 2004, PINC has been a pioneer in providing real-time visibility and workflow orchestration to yard operations across distribution centers and manufacturing plants worldwide - achieving Gartner's "best of breed" status in this category.

PINC's platform is currently utilized by an array of Fortune 1000 enterprises and gives companies a cost-effective way to move inventory faster and optimize their supply chain.

"As global trade and consumer demands drive more complexity, effective yard management has quickly become pivotal in robust supply chain management practices," said Matt Yearling, CEO of PINC.

"The linkage between transportation and warehousing needs to be more seamless when complexity increases, and strong digital yard management can be a major operational cost driver in improving inventory management, labor costs, asset utilization, sustainability, and facility costs. Together with Accel-KKR and its deep domain expertise in supply chain management technology, PINC is well-positioned to become a category leader in a fast-growing field, and ultimately serve the market and our customer base with more innovations and strategic acquisitions. We are tremendously excited about the company's future with Accel-KKR."

"We are thrilled to welcome Matt and the PINC team to the Accel-KKR portfolio," said Park Durrett, Managing Director at Accel-KKR.

"Our firm has a strong track record of investing in and building successful supply chain software businesses, and we look forward to doing the same with PINC."

"While transportation and warehouse management has been the focus of supply chain management tech spend over the last decade, there is now a substantial demand for the digitization of the yard," said Andrew Zbella, Vice President at Accel-KKR.

"PINC is truly best in class and poised to solve complex and costly inventory management problems for customers whose businesses could grind to a halt with the smallest hiccup in their supply chain," Durrett added

"Indeed, there has not been a more important test of PINC's capabilities than during this unprecedented time of disruption caused by the COVID-19 pandemic. PINC supported numerous essential Fortune 1000 companies seamlessly despite a massive surge in volume and velocity, ensuring that these organizations have been able to serve their end customers under challenging circumstances."

"PINC perfectly embodies the kind of investment that Accel-KKR seeks: mission-critical software in an enduring industry with compelling growth opportunities led by a strong management team."

About PINC

PINC provides scalable software, hardware, and services that enable companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively. The company's cloud-based real-time tracking platform, powered by an Internet of Things (IoT) sensor network that includes passive RFID, GPS, computer vision, cellular, and other sensors, provides actionable insights and connected expert guidance that allow organizations to optimize their supply chain execution.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with over $9 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs, and going-private transactions.

Article: Keeping Your Inventory Moving During the COVID-19 Pandemic

Related Resources

PINC Yard Management Systems: 4 Case Studies
In these 4 Yard Management System case studies, we detail how Pactiv, Batory Foods, Cost Plus World Market, and East Coast Warehouse & Distribution Corp. implemented PINC's Yard Management solutions to increase productivity, reduce expenses, eliminated trailer detention fees, and maintain control and visibility over yard operations, and more. Download Now!

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The Four Forces Driving Supply Chain Innovation
When supply chain professionals discuss supply chain execution, their focus is typically put on transportation management systems and warehouse management systems, the yard management systems capability and importance is mistakenly undervalued. Download Now!

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The Rise of the Digital Yard
In this white paper, we explore the rise of the digital yard and show how technology is enabling significant efficiencies, productivity gains, and cost containment in a world where every penny added to the bottom line positively impacts organizational success. Download Now!

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Solution Brief: Yard Management System
Yards are the intersection between warehouses and transportation, they are a critical linkage in logistics management practices and have a significant impact on the overall efficiency of the supply chain. Download Now!

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