BGSA Client Idelic Acquired by Descartes

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West Palm Beach, FL – April 23, 2026

BGSA Holdings, LLC (“BGSA”), is pleased to announce that its client Idelic has been acquired by Descartes Systems Group Inc. (Nasdaq: DSGX) (TSX: DSG).

Idelic’s platform integrates driver safety workflows, including training, monitoring, reporting, and coaching, into a unified system powered by advanced analytics and machine learning. The platform leverages a proprietary dataset built from more than 40 billion miles of telemetry and over 400,000 accident records, enabling fleets to proactively identify and reduce risk. Descartes, a global leader in uniting logistics-intensive businesses through its Global Logistics Network (GLN), acquired Idelic to enhance its AI-driven fleet safety and performance management capabilities.

“Productivity and safety are equally critical for fleet operators,” said James Wee, General Manager of Fleet Management at Descartes. “This acquisition adds critical data to our Global Logistics Network (GLN) and enhances Descartes’ final-mile footprint by adding highly advanced fleet safety capabilities and deep domain expertise. Idelic’s AI-powered predictive safety intelligence functionality, when combined with Descartes’ industry leading routing planning and execution technology, enables us to deliver a complete and cutting-edge fleet performance management solution that uniquely incorporates driver behavior and safety signals into our robust operational data set.”

“Idelic has developed a differentiated platform that centralizes driver safety workflows, leveraging large-scale data and AI-driven analytics to identify and mitigate risk,” said Todd Wilson, President of BGSA Holdings, LLC. “As Idelic is integrated into Descartes’ GLN, its real-time intelligence will enhance fleet performance and enable safety-optimized operations.”

The acquisition strengthens Descartes’ ability to deliver a comprehensive fleet performance solution by incorporating predictive safety intelligence alongside its existing routing, planning, and execution technologies. By combining Idelic’s real-time, event-level data and AI-driven insights with the GLN, Descartes aims to support safer, more efficient, and data-driven fleet operations, while also enhancing its final-mile footprint.

About Idelic

Idelic is a leading provider of AI-powered driver safety and performance management solutions, offering a unified platform designed to improve fleet safety outcomes through predictive analytics and real-time data integration.

About Descartes

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.

About BGSA Holdings

BGSA is a leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in helping outstanding transportation and logistics companies maximize value through mergers and acquisitions. BGSA has worked with major supply chain companies including NFI, UPS, DHL, Werner Enterprises, Echo Global Logistics, New Breed (now XPO), GENCO (now FedEx), Converge (now Arrow Electronics), Wilpak (now XPO), and others. For more information about BGSA, please visit https://BGSA.com.

 


For further information, please contact:
Shai Greenwald
BGSA Holdings, LLC
shai@bgsa.com

BGSA Holdings Announces Appointment of Nikhil Sathe as Operating Partner

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West Palm Beach, FL – August 21, 2025

BGSA Holdings, LLC (“BGSA”), a leading strategy-led investment banking firm focused exclusively on the supply chain sector, today announced the appointment of Nikhil Sathe, a seasoned finance and supply chain executive, as an Operating Partner.

In his new role, Nikhil will spearhead targeted business development and growth initiatives at BGSA, and help execute a series of strategic expansion ideas, with an initial focus on opportunities in the trucking and brokerage sectors.

Nikhil brings more than 35 years of leadership experience in transportation, logistics, and finance. He previously served as CFO and COO of Genpro, a logistics and freight transportation provider, and as CFO and COO of  Kelron Logistics (acquired by XPO), a leading freight and logistics company, where he played a key role in driving significant growth and operational scale. In these roles, he led strategic finance, M&A integration, and operational transformations across global logistics platforms. More recently, he has held senior advisory and M&A leadership roles at firms such as Armstrong &Associates & Logisyn Advisors. Widely regarded as a 3PL thought leader, Nikhil has successfully led buy-side and sell-side engagements, strategic transformations, and M&A initiatives across North America and internationally.

“I am thrilled to join BGSA Holdings as an Operating Partner,” said Nikhil Sathe. “I have long admired BGSA’s role as the premier advisor in the supply chain industry. The firm’s unparalleled network and insights create tremendous opportunities to shape the future of transportation and logistics, and I look forward to contributing to the BGSA team.”

“We are delighted to welcome Nikhil to our team,” said Benjamin Gordon, Founder and Managing Partner of BGSA. “His track record as a CFO, COO, and operating executive in logistics is exceptional. Nikhil’s expertise, coupled with his passion for growth and innovation, will enable us to generate new opportunities for our clients, portfolio companies, and partners.”

Beyond his professional accomplishments, Nikhil holds a Chartered Accountant designation from India, a CPA from the United States, and an Executive MBA from Queen’s School of Business in Canada. He also earned a Bachelor of Commerce and a Bachelor of Laws from Pune University. This combination of financial acumen, operational expertise, and international perspective uniquely positions him to drive value for BGSA’s clients and partners in the global supply chain industry.

About BGSA Holdings:
BGSA Holdings is a strategy-led investment banking firm focused exclusively on the supply chain sector. BGSA provides M&A advisory services to transportation, logistics, and supply chain technology companies. The firm combines deep industry expertise with senior-level transaction execution to deliver outstanding results for entrepreneurs, family-owned businesses, and private equity-backed growth companies.

 


For further information, please contact:
Pascale Curran
BGSA Holdings, LLC
+1-561-932-1602
pascale@bgsa.com

BGSA Announces 2025 Supply Chain ‘Shark Tank’ Competition Winners

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BGSA announces 2025 Supply Chain “Shark Tank” competition winners. HappyRobot.AI Takes Home Both Judge’s Choice and People’s Choice Awards

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BGSA Announces 2024 Supply Chain ‘Shark Tank’ Competition Winners

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BGSA announces 2024 Supply Chain “Shark Tank” competition winners. Award recognizes AutoScheduler.AI as Judge’s Choice and People’s Choice winners.

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BGSA Announces 2023 Supply Chain ‘Shark Tank’ Competition Winners

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Award recognizes Nereus as Judge’s Choice and Navix.io as People’s Choice Winners

West Palm Beach, Florida — BG Strategic Advisors, a leading advisor to the supply chain and technology sector, is pleased to announce that this year, for the first time ever, the BGSA Supply Chain “Shark Tank” had two winners. We want to congratulate Navix.io Co-Founder and CCO, Eric Krueger as the People’s Choice winner of the Book Your Cargo-sponsored BGSA 2023 Supply Chain “Shark Tank” competition  and Ian Zaretzky, CEO of Nereus Supply Chain Technologies as the Judge’s Choice winner. The contest, held during the BG Strategic Advisors Supply Chain Conference January 18-20, 2023, featured presentations from high-growth, technology-enabled supply chain companies poised for transformative growth.

“When we heard we were selected as a finalist for the Shark Tank competition, we were understandably thrilled. Our fellow finalists gave excellent pitches, so to be selected as the People’s Choice winner was an incredible honor for us,” said Eric Krueger, Co-Founder of Navix. “Our team has worked so hard to build a platform to solve a long-standing need in the industry; it’s a good feeling to be recognized by our peers.”

“I was incredibly honored to be selected as a finalist at one of the most important conferences of the year. Our team took home the Judge’s Choice award of the BGSA Supply Chain Conference “Shark Tank” competition, which is an incredible honor and validates what we are doing,” said founder and CEO Ian Zaretzky. “Our Containers-as-a-Service platform Nereus.io came out on top against some amazing technology and tough competition – what an amazing experience.”

“It was a great pleasure for Book Your Cargo to sponsor the “Shark Tank” competition, a truly unique opportunity within our industry to connect with some of the brightest entrepreneurs as they showcased their innovative startups in front of the industry’s most respected, influential, and sharpest minds. We would like to thank and congratulate BGSA, judges, winners, and finalists on an excellent event and job well done!” said Book Your Cargo CEO, Nimesh Modi. “We look forward to following these innovators on their journey to transform the supply chain industry as we see it. At Book Your Cargo, innovation remains the core of our mission to revolutionize and prioritize the container drayage sector, thus to be the diamond sponsor at the BGSA conference was an honor.”

The BGSA Supply Chain “Shark Tank” finalists were judged by “Sharks” Ed Ryan, CEO, The Descartes Systems Inc., Jack Holmes, Executive Chairman, Emerge (former President of UPS Freight) and Herb Shear, Chairman, Shear Family Office (Founder and former CEO of GENCO).

The winners each received $5,000 of legal services from AmLaw200 firm Benesch.

BG Strategic Advisors would also like to thank the other Supply Chain “Shark Tank” participants for outstanding presentations and for helping to make the event a great success, including:

  • Camilo Garcia – CEO, CubiQ
  • Eric Rodriguez – CEO, Vendorflow
  • Mike Malakhov – Founder & CEO, Carpool Logistics
  • Phillip Akhzar – Founder & CEO, Arka

 

About Nereus.io

Nereus.io is a container asset management solution that is servicing Shipper Owned Container (SOC) demand. Nereus.io connects Freight Forwarders, Beneficial Cargo Owners and Shippers with container capacity that they can own and control, minimizing detention, demurrage and other hidden costs. The Nereus.io platform was designed for container asset management to include; procurement, logistics, tracking the assets, and liquidation, offering the management of the entire life cycle and needs for container shipping and global trade. For more information, visit nereus.io.

About Navix

Navix is a modern Software-as-a-Service platform streamlining document retrieval and freight auditing service. Navix enables 3PLs and brokers to automate their processes at scale, increasing their cash conversion cycle and revealing better insights into their freight spend and discrepancies. Navix creates greater profitability through its highly configurable automation triggers, API-first approach for seamless integrations, AI/ML-driven insights, and white-glove auditing services. For more information, visit navix.io.

About Book Your Cargo

Book Your Cargo (BYC) is a dedicated trucking partner for your container drayage operations across the US and Canada, delivering a tailor-made container drayage solution with its nationwide vendor network and proprietary state-of-the-art Transportation Management System. BYC’s cloud-based Digital Drayage Platform optimizes the drayage process with instant rate quotes, operational optimization, service integration, order visibility, and real-time milestone updates transmitted through API/EDI integrations eliminating the fragmentation experienced for years within the industry. The company’s team of drayage experts offers white-glove service to some of the top fortune 500 companies & other OTIs, touting a less than 1% track record of service failures. For more information, visit bookyourcargo.com.

About BG Strategic Advisors Supply Chain Conference

The BGSA Supply Chain conference is a one-of-a-kind, invitation-only event designed to bring together top industry leaders from all segments of the supply chain and provides an intimate and candid setting where CEOs and leaders can privately network and explore ideas and opportunities with their peers. For more information, visit bgsaconference.com.

About BGSA Holdings

BGSA Holdings (“BGSA”) is the leading investment banking practice serving businesses in the supply chain sector. We are a trusted partner for sell-side engagements, buy-side acquisition advisory, strategic advice, and a variety of other investment banking services. For more information, visit BGSA.com or call Jennifer at (561) 932-1607.