PE Weekly: Tech Deals Signal a Comeback
M&A this week expands an array of industries, including technology-focused investment targets
Platform Investments
One Equity Partners Takes Majority Stake in Digital Value. Middle-market private equity firm One Equity Partners announced this week its acquisition of a majority stake in Digital Value. The Italy-based company is a Value-Added Reseller providing big data, AI, cloud computing, and other technology solutions to technology vendors.
Kelso & Company Acquires Minority Stake in Wellington-Altus. Private equity firm Kelso & Company has acquired a minority stake in Wellington-Altus Financial. The firm invested $400 million in the business, valuing it at more than $1.5 billion, according to a press release.
Frontline Healthcare Acquires Integracare. Frontline Healthcare Partners, a distributed healthcare-focused private equity firm, has acquired Integracare. The company is a private-pay home care company based in Canada. The investment marks the sixth portfolio company investment for Frontline.
H.I.G. Capital Acquires ALA. H.I.G. Capital announced its majority acquisition of A.L.A. The Italy-based company provides logistics and distribution services to aerospace and defense manufacturers.
Add-Ons
GHK’s WSB Acquires Agbara Engineering. WSB, an infrastructure engineering and consulting firm backed by GHK Capital Partners, has acquired Agbara Engineering. Agbara is a power delivery engineering firm. Its acquisition expands WSB’s ability to support the full lifecycle of energy infrastructure.
Staple Street’s Ivy Technology Acquires PureWrx. Ivy Technology, an aftermarket services provider to the technology sector and portfolio company of Staple Street Capital, has acquired PureWrx. The business provides certified pre-owned programs to blue-chip technology original equipment manufacturers.
Gryphon Investors’ Caylent Acquires Trek10. Caylent, an Amazon Web Services (AWS) Premier Tier Services Provider, has acquired AWS Premier Tier Services Provider Trek10. Caylent is backed by Gryphon Investors.
LDR Partners-Backed ICS Acquires Duro-Sense. Industrial Control Solutions (ICS), a designer and manufacturer of flow, level, and pressure sensing devices, has acquired Duro-Sense Corporation, a provider of temperature measurement assemblies. Duro-Sense services the aerospace and defense, as well as industrial, sectors. ICS is a portfolio company of LDR Partners, a manufacturing-focused private equity firm.
Performant’s BevLogic Carves out Compliance Assets from Avalara. Performant Capital announced this week that its portfolio company, BevLogic, will acquire alcohol compliance and technology assets from Avalara. The carve-out transaction includes regulatory compliance solutions for winery and other alcoholic beverage producers.
WILsquare-Backed OuterBox Acquires ADM. OuterBox, a performance marketing agency backed by WILsquare Capital, has acquired Accelerated Digital Media (ADM). The company is a digital marketing agency focused on eCommerce and healthcare clients.
Strategics
Ripple Acquires GTreasury for $1 Billion. Digital asset infrastructure provider Ripple has acquired treasury management system provider GTreasury. The $1 billion acquisition expands Ripple’s access to enterprise customers in the multi-trillion dollar corporate treasury market, the firm said in its announcement.
Middle Market Growth is produced by the Association for Corporate Growth. To learn more about the organization and how to become a member, visit www.acg.org.
