M&A Deal Summary

Banneker Partners Acquires Routeware

On September 1, 2018, private equity firm Banneker Partners acquired software company Routeware

Acquisition Highlights
  • This is Banneker Partners’ 4th transaction in the Software sector.
  • This is Banneker Partners’ 8th transaction in the United States.
  • This is Banneker Partners’ 2nd transaction in Oregon.

M&A Deal Summary
Date 2018-09-01
Target Routeware
Sector Software
Buyer(s) Banneker Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Routeware

Portland, Oregon, United States
website
Routeware is a provider of software used by the waste management industry to dispatch real-time work orders to vehicles, track route progress, analyze route performance, and provides real-time information for supervisors and customer service agents. Routeware was founded in 1999 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Banneker Partners

San Francisco, California, United States

Investor

website

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.

DEAL STATS #
Overall 8 of 12
Sector (Software) 4 of 7
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Oregon) 2 of 2
Country (United States) 8 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Magento

Campbell, California, United States

Magento, Inc. is a provider of cloud commerce innovation to merchants and brands across B2C and B2B industries. Magento, Inc. was founded in 1985 and is based in Campbell, California.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 IQMS.com

Paso Robles, California, United States

IQMS.com is a provider of manufacturing software and ERP software systems for repetitive, process and discrete manufacturing industries. IQMS.com was founded in 1989 and is based in Paso Robles, California.

Sell $425M
Mergr

Product

Company

Legal