Genstar acquires RS Energy from Warburg, Vitruvian explores sale of logistics tech company Unifaun, InTandem readies Cano Health for sale

Genstar buys RS Energy from Warburg Pincus and InTandem preps Cano Health for sale.

Good morning!

Here’s a deal we’ve been tracking since October. Genstar Capital-backed Enverus acquired RS Energy Group from Warburg Pincus, the company said Wednesday. RS Energy provides research on more than 150 companies operating in North American and international energy hubs. The company uses software-as-a-service technology, data science and augmented analytics, Milana Vinn wrote on wrote on PE Hub back in October.

Read the news brief here on PE Hub.

Warburg acquired RS Energy in 2015 from Investment Technology Group in a deal valued at $120.5 million in cash, the company said at the time. Since the acquisition, RS Energy made several add-ons, including NavPort in 2016, and Petroleum Policy Intelligence in 2018.

Also …
Vitruvian Partners is exploring the sale of Swedish logistics software provider Unifaun Group, Milana writes on PE Hub. The firm hired Goldman Sachs on the process, expected to launch soon, Milana writes.

Unifaun provides software-as-a-service transportation management platform for freight carriesr and shippers. The company handles more than 200 million shipments annually and covers more than 150 destination countries, the story said.

Check it out here.

Logistics technology is one of the sub-sectors within tech that we’ve been hearing a lot about. Unlike, say, retail, logistics hasn’t been as quick to incorporate tech upgrades, and has been relatively underinvested.

Logistics perhaps has the most to gain among various industries from upgrading processes using technology, according to Transmetrics, which covers logistics and supply chain. The sector is “notorious for its heavy use of manual processes and large amounts of data stored in different ways and in different places.”

What are you seeing in this area of tech. I find this theme fascinating, basically the gradual transformation of old-line industries through technology, which has all kinds of implications for customers, who demand faster, more convenience service, but also for workers whose roles may be made obselete. Reach me at cwitkowsky@buyoutsinsider.com

Top Scoops
Georgetown University moved last week to divest from fossil fuels, including its exposure through private funds, as the movement to get major LPs out of the business appeared to gain steam, writes Justin Mitchell on Buyouts. Read it here.

InTandem Capital Partners is evaluating the sale of Cano Health, a rapidly growing provider of primary care for seniors throughout South Florida, Sarah Pringle writes on PE Hub. Check it out.

Have a great day! Reach me with tips n’ feedback, Drama, book recommendations, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.