STG Acquires Brady Technologies' Commodities Business

STG Acquires Carrier Logistics Inc. (CLI) to Build AI-Agentic Transportation Management Platform

April 15, 2026

IT Services

STG, a Menlo Park-based mid-market private equity firm, acquired Carrier Logistics Inc. (CLI), a provider of transportation management software for less-than-truckload (LTL) carriers. The deal is intended to accelerate development of an AI-native, agentic platform by integrating advanced agentic AI frameworks into CLI’s existing software architecture.

Brady Corporation to Acquire Gravotech (MML Exit)

August 1, 2024

Manufacturing

MML has received an offer and is proceeding with an information/consultation process to sell its Gravotech Holding securities to Brady Corporation. Brady, via Braton Europe S.A.R.L., would acquire 100% of Gravotech Holding’s share capital for an enterprise value of EUR 123 million, and MML later announced completion of its exit and sale of its investment to Brady.

Symphony Technology Group Acquires Eka Software Solutions and Merges It with Quor Group

April 8, 2024

Software

Symphony Technology Group (STG) has acquired Bengaluru-based Eka Software Solutions, a provider of commodity trade and risk management (CTRM) and supply chain software, and will merge Eka into its existing portfolio company Quor Group. The transaction brings together Eka's vertical CTRM SaaS capabilities in soft commodities and energy with Quor's metals-focused CTRM platform to create a broader, global commodity management software suite.

Symphony Technology Group Makes Majority Investment in Celtra

November 10, 2021

Cloud & SaaS

Symphony Technology Group (STG) has signed a definitive agreement to make a majority investment in Celtra Technologies, a creative automation SaaS provider. The investment will back Celtra’s growth plans — expanding its platform from media and adtech into brands and agencies — while partnering with Celtra’s founders and management.

Brady Technologies Acquires Igloo Trading Solutions

October 19, 2021

Cloud & SaaS

Brady Technologies, a Hanover Investors–backed provider of energy trading and risk management software, has acquired Igloo Trading Solutions, a cloud-native SaaS trading and risk management platform serving European power and gas markets. The acquisition combines Brady's PowerDesk capabilities with Igloo's platform to create an integrated solution for energy traders, strengthening Brady's product offering and accelerating growth in European energy markets.

Symphony Technology Group Acquires Trace One from Hg

April 28, 2021

Cloud & SaaS

Symphony Technology Group (STG), a Palo Alto-based private equity firm, has acquired Trace One, a Paris-based SaaS platform for the retail and consumer packaged goods (CPG) industry, from Hg. The deal (terms undisclosed) positions STG to accelerate Trace One’s organic growth and explore strategic acquisitions to expand its product and geographic footprint in the Retail/CPG software market.