# Project Atlas — Acquirer Overview (Reference)

**Acquirer:** Summit Industrial Group, LLC
**Target:** Northwind Logistics Software, Inc.
**Deal type:** 100% acquisition
**Expected close:** Q3 2026
**Project codename:** Atlas

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## Investment thesis

Summit Industrial Group is a strategic acquirer building a logistics-technology platform. Northwind's cloud transportation-management software (TMS) extends Summit's portfolio into freight orchestration for mid-market shippers and 3PLs.

Key thesis points:
- **Recurring revenue:** ~$41.2M ARR, B2B SaaS, multi-year enterprise contracts.
- **Strategic fit:** route-optimization and telematics capabilities complement Summit's existing fleet operations.
- **Cross-sell:** Northwind's customer base overlaps Summit's industrial shipper relationships.

## Areas of particular diligence focus

Summit's corporate-development team has flagged the following for close review:
- **Change-of-control exposure** on major customer contracts (does Summit's acquisition itself trigger any termination or consent rights?).
- **Revenue quality and concentration** (how durable is the ARR; is any single customer disproportionately large?).
- **Revenue recognition** on multi-year prepaid arrangements.
- **IP ownership** of core platform components, including any contractor-built modules.
- **Data-privacy / GDPR** posture for EU customers and sub-processors.

> This reference document provides acquirer context. It is not routed to specialist agents for findings; it informs the Acquirer Intelligence lens. All entities and figures herein are synthetic.
