Dray Alliance Acquired by World Group
Logisyn is proud to announce our role as sell-side advisor to Dray Alliance, a market-leading digital drayage provider headquartered in Long Beach, California, in its acquisition by World Group, the parent company of ContainerPort Group (CPG).
“As the CEO of Dray Alliance, I am thrilled to thank Logisyn for their invaluable advisory services in the sale of our company to World Group. Their expertise and dedication ensured that the transaction was not only successful but also aligned with our long-term vision. I am deeply grateful for their guidance and support throughout this process.” - Steve Wen, Founder and CEO of Dray Alliance
Using Logisyn’s tailored market mapping process, our team identified World Group and its subsidiary, ContainerPort Group (CPG), as an optimal partner. World Group is an American-owned and family-run global logistics and supply chain solution provider offering a suite of services through their brands. ContainerPort Group, a World Group Company, is one of the nation’s largest drayage providers. This acquisition expands CPG’s capacity in California while integrating Dray Alliance’s cutting-edge technology, creating a powerhouse combination that will drive greater efficiency, real-time visibility, and enhanced service for both shippers and carriers.
"As the advisor behind this transaction, it was a privilege to have partnered with Steve Wen and the outstanding company he built in Dray Alliance—a true pioneer in digital drayage solutions—to help facilitate their next chapter of growth. Their innovative approach and commitment to streamlining operations have always set them apart, and it’s been an honor to support them as they transition into this next stage of their business. I’m equally enthusiastic about World Group as the acquirer, as their strategic vision, culture, and existing resources perfectly complement the strengths of Dray Alliance. I firmly believe that this collaboration reinforces World Group’s market leadership and sets the stage for an interesting shift in the drayage landscape." - Max Ibata-Arens, Director: Technology Sector at Logisyn Advisors
By combining the two companies’ expertise, technology, and customer networks, this acquisition reinforces the continued evolution of drayage solutions and highlights how logistics technology is shaping the industry’s future. We anticipate that this partnership will create new efficiencies and service enhancements for customers and carriers alike.