M&A Deal Summary

C1 Acquires Venture Technologies

On December 11, 2018, C1 acquired information technology company Venture Technologies from Monroe Capital and FlatWorld Capital

Acquisition Highlights
  • This is C1’s 6th transaction in the Information Technology sector.
  • This is C1’s 11th transaction in the United States.
  • This is C1’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2018-12-11
Target Venture Technologies
Sector Information Technology
Buyer(s) C1
Sellers(s) Monroe Capital
FlatWorld Capital
Deal Type Add-on Acquisition

Target

Venture Technologies

Ridgeland, Mississippi, United States
website
Venture Technologies, Inc. is an IT solutions provider that delivers infrastructure solutions, collaboration solutions, and cloud-based services to both private and public sector organizations. Venture Technologies also owns and operates certified Data Centers (VTCloud) across the United States from which it provides a comprehensive suite of cloud services to thousands of domestic and international customers. Venture Technologies was founded in 1986 and is based in Ridgeland, Mississippi.

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Buyer(S) 1

Buyer

C1

Bloomington, Minnesota, United States

website

Category Company
Founded 1993
Sector Communications
Revenue 919M USD (2017)
DESCRIPTION

C1 is a provider of business communications solutions. The Company serves as a critical link between OEMs and end users providing essential consulting and project management services related to custom design, installation, implementation and maintenance of communication solutions. C1 was formed in 1993 and is headquartered in Bloomington, Minnesota.

DEAL STATS #
Overall 11 of 17
Sector (Information Technology) 6 of 9
Type (Add-on Acquisition) 9 of 15
State (Mississippi) 1 of 1
Country (United States) 11 of 17
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Advantel

San Jose, California, United States

Advantel, Inc. is focused on delivering critical collaboration solutions and services, such as security, data centers, storage and virtualization, unified communications, contact centers, cloud and integrated and managed services, to businesses worldwide. Advantel was formed in 1984 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 Altivon

Phoenix, Arizona, United States

Altivon is a contact center solutions provider. Altivon delivers high value, high impact contact center solutions that elevate the customer experience, including solution design, deployment, support and ongoing improvement services. Altivon was established in 1989 and is based in Phoenix, Arizona.

Buy -

Seller(S) 2

SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 29 of 51
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 16 of 25
State (Mississippi) 2 of 2
Country (United States) 29 of 51
Year (2018) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-09 MC Assembly

Palm Bay, Florida, United States

MC Assembly is a provider of electronic manufacturing services to the medical, gaming, industrial, computer and telecommunications industries. Based in Melbourne, FL, MC’s primary focus is low to medium volume, medium-high mix printed circuit board assembly, with an emphasis on high material content printed circuit boards. MC Assembly was founded in 1984 and is based in Palm Bay, Florida.

Sell $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 StormTrap

Romeoville, Illinois, United States

StormTrap offers solutions for managing runoff, protecting waterways, and improving the use of a property. StormTrap is committed to providing cost-effective, customized water management solutions to engineers, owners, and municipalities across North America and abroad. StormTrap was founded in 2002 and is based in Romeoville, Illinois.

Buy -
SELLER

FlatWorld Capital

website

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

FlatWorld Capital is a global private equity firm focused on acquiring and investing in lower middle-market to mid-sized companies with $15 to $500 million in annual revenue. The Firm looks to invest $5 to $50 million per transaction in businesses demonstrating long-term revenue visibility, defensible market positions, strong management, and opportunities for add-ons. Sectors of interest include business services, IT services, healthcare, education, software, transportation, consumer products, and alternative energy. Flatworld Capital is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Venture Technologies

Ridgeland, Mississippi, United States

Venture Technologies, Inc. is an IT solutions provider that delivers infrastructure solutions, collaboration solutions, and cloud-based services to both private and public sector organizations. Venture Technologies also owns and operates certified Data Centers (VTCloud) across the United States from which it provides a comprehensive suite of cloud services to thousands of domestic and international customers. Venture Technologies was founded in 1986 and is based in Ridgeland, Mississippi.

Buy -
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