FORT WAYNE, IN AND LITTLE ROCK, AR – DECEMBER 1, 2022 – Princeton TMX, LLC (“Princeton TMX”) and The Stephens Group, LLC (“The Stephens Group”) announced today that they have completed a significant strategic transaction designed to accelerate the value Princeton TMX delivers to industrial shippers.

Fort Wayne-based Princeton TMX leverages modern cloud infrastructure, profiled business rules, process automation and artificial intelligence (optimization) to tailor solutions that meet the specific needs of industrial shippers. Tim Minnich, Princeton TMX’s President and CEO (“Minnich”), noted that, “Our customers are large industrial companies serving end markets like agriculture, packaging, steel, lumber, aggregates, food & beverage and chemicals. They ship anywhere between 20 and 3,000 loads per day by truck or rail. Using our solution transforms their daily shipping operations, automates processes that drive material savings and provides the customers with real-time visibility into key components of their supply chain.”

Minnich has been building Transportation Management Systems (“TMS”) for the heavy industrial market for over 20 years. As an executive within a large rail company, he built early enterprise grade software solutions that are still used by intermodal carriers and shippers to this day. He witnessed the tremendous value carriers and shippers received from adopting technology to automate key tasks within their daily workflow, and in October 2016, he founded Princeton TMX to bring that value to all industrial shippers.

“We needed to effectively and efficiently dispatch 1,000 loads per day without adding human resources. Princeton TMX accomplished everything we needed it to do. We were able to dispatch 1,000 loads per day much more easily than with previous methods. The dispatch rules and having positive carrier acceptance of loads has made the process much simpler, saving significant time,” said Scott Vaughn, Truck Manager at Argos USA, a cement and ready-mix concrete supplier.

“We are thrilled to find a like-minded investor that shares our culture, believes in the value we can deliver, and adds the experience necessary to help us capitalize on the significant opportunity available in this market,” said Minnich.

Aaron Clark, Managing Director at The Stephens Group, added, “Industrial shippers deserve a high value TMS solution tailored specifically to their needs. Princeton TMX has built the leading enterprise-grade solution in the space. We look forward to working with Princeton TMX and making the investments necessary to deliver even greater value to customers.”

Software Equity Group (SEG) served as the exclusive financial advisor to Princeton TMX for the transaction.