Descartes Systems acquires MyCarrierPortal for upfront consideration of $24M

Descartes Systems Group has acquired Assure Assist, Inc., doing business as MyCarrierPortal, a provider of carrier onboarding and risk monitoring solutions for the trucking industry. Based in the US, MCP’s solutions help freight brokers and shippers quickly set up carrier requirements through an onboarding platform that gathers information on carriers and screens them for suitability to deliver loads/shipments based on the broker’s risk and compliance criteria. Truck carriers are screened for legitimacy, insurance compliance, and an acceptable safety record. Carriers that are onboarded to the platform are monitored on an ongoing basis to help ensure continued compliance. If a carrier falls out of compliance, the customer is notified to take appropriate action with that carrier. MCP is headquartered in the US. Descartes acquired MCP for up-front consideration of approximately $24M satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $6M, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.