Sale of Blackbay to BluJay Solutions
Silverpeak managed complex negotiations to help achieve a positive result for Blackbay
Who are they
Blackbay is a leading provider of mobility-enabled software for the transport and logistics industry. Headquartered in the UK with offices in the United States, Australia and New Zealand, the business will fully integrate with the global BluJay Solutions team.
Blackbay’s solutions deliver real-time track-and-trace, dispatching, on-the-road processes routing and scheduling capabilities. The software’s goal is to help operators, drivers and other mobile workers optimize the delivery process, streamline operations, improve compliance, increase revenue, and enhance the overall customer experience.
What was our involvement
We worked with the company and Albion Ventures, the institutional shareholder. Our role was to map the marketplace, identify and contact potential buyers and negotiate a transaction through to completion.
Nigel Doust, CEO of Blackbay said, “The Silverpeak team were able to assist and guide us seamlessly throughout the transaction process. Silverpeak’s in-depth knowledge of the technology market and their ability to deal with the complexity of the transaction proved invaluable for Blackbay and its shareholders.”
Emil Gigov, Partner at Albion Ventures, said “Silverpeak led the process in a professional and proactive way. Paddy MccGwire’s ability to navigate complex situations and manage difficult negotiations helped achieve a positive result for the company and its investors. Silverpeak were committed to the successful conclusion of the transaction. I look forward to working with them again.”
Paddy MccGwire, the Managing Partner at Silverpeak leading the process, added: “Blackbay had transformed itself into a SaaS business with a leading global product. BluJay Solutions was the player where there was the greatest strategic and cultural fit. Together they can fully address the worldwide opportunity as logistic providers adopt current best practice.”