Trax Technologies Receives Strategic Investment From TriumphPay

4525 Trax Technologies NT

M&A Engagement Overview

Industry Groups: Technology; Transportation & Logistics
Areas of Focus: Supply Chain, Third Party Logistics


Harris Williams advised Trax Technologies, a portfolio company of Strattam Capital and Spire Capital Partners, on its strategic investment from TriumphPay.

It was a pleasure working with CEO Hamp Wall and the Trax management team on this transaction, and we are excited to see what the company accomplishes in partnership with TriumphPay. Shippers are increasingly relying on freight data to inform decision making, which is accelerating demand amongst shippers for a data-driven approach to transportation spend management. This investment will further enhance Trax’s ability to offer best-in-class freight payment and supply chain finance solutions to its global Fortune 1000 customer base.


Based in Dallas, Trax Technologies is a global leader in transportation spend management solutions. Trax elevates traditional freight audit and payment with a combination of industry-leading, cloud-based technology solutions and expert services to help enterprises with complex supply chains manage their global transportation costs and drive enterprise-wide efficiency and value. With a global footprint spanning North America, Latin America, Asia, and Europe, Trax delivers data-based visibility and insights, higher savings, and better control of transportation spend for shippers and 3PLs/4PLs of all sizes.


Trax has a unique position as a leading technology-driven transportation spend management platform with a global reach and comprehensive multi-modal capabilities. The company’s feature-rich platform enables it to serve the world’s largest organizations with complex, global supply chains.

The strategic investment from TriumphPay, the transportation payments platform of Triumph Financial, will further enhance Trax’s ability to offer best-in-class freight payment and supply chain finance solutions to its global Fortune 1000 customer base – streamlining and simplifying key financial workflows amongst carriers, freight brokers, factors, and shippers. TriumphPay and its banking foundation bring additional safety and security to Trax, which will help attract Fortune 100-500 shippers, broadening their customer base. 

Contact the Harris Williams Technology Group or Transportation & Logistics Group to learn more about this transaction.