M&A Deal Summary

CIVC Partners Acquires Datavail

On January 16, 2024, private equity firm CIVC Partners acquired information technology company Datavail from Meritage Funds, Catalyst Investors, ORIX Private Equity Solutions, Lumerity Capital and Bertram Capital

Acquisition Highlights
  • This is CIVC Partners’ 6th transaction in the Information Technology sector.
  • This is CIVC Partners’ 70th transaction in the United States.
  • This is CIVC Partners’ 5th transaction in Colorado.

M&A Deal Summary

Date 2024-01-16
Target Datavail
Sector Information Technology
Buyer(s) CIVC Partners
Sellers(s) Meritage Funds
Catalyst Investors
ORIX Private Equity Solutions
Lumerity Capital
Bertram Capital
Deal Type Secondary Buyout
Advisor(s) Citizens Bank, N.A. (Citizens Commercial Banking) (Financial)
Lowenstein Sandler LLP (Legal)

Target

Datavail

Broomfield, Colorado, United States
website
Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Broomfield, Colorado.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.


DEAL STATS #
Overall 74 of 76
Sector (Information Technology) 6 of 7
Type (Secondary Buyout) 14 of 15
State (Colorado) 5 of 5
Country (United States) 70 of 72
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Industrial Networking Solutions

Richardson, Texas, United States

INS is a reseller offering a wide range of wired and wireless products for the Internet of Things (“IoT”) market and related engineering and provisioning services. Industrial Networking Solutions was founded in 1998 and is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-26 HR Green

Cedar Rapids, Iowa, United States

HR Green provides infrastructure design, engineering, and consulting services to public and private sector clients across transportation, water, municipal advisory, broadband, and land development end markets. HR Green brings engineering, technical, and management solutions to clients across the Midwest, South, Mountain West, and California regions. HR Green was formed in 1913 and is based in Cedar Rapids, Iowa.

Buy -

Seller(S) 5

SELLER

Meritage Funds

Arvada, Colorado, United States

Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.


DEAL STATS #
Overall 13 of 13
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 3 of 3
State (Colorado) 2 of 2
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 EdgeConneX

Herndon, Virginia, United States

EdgeConneX builds and operates data centers for cloud, content, network, and other service providers requiring both larger purpose-built facilities as well as edge facilities located closer to consumer and enterprise users to support latency-sensitive applications cost-effectively. EdgeConneX was founded in 2009 and is based in Herndon, Virginia.

Sell -
SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 38 of 38
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 5 of 5
State (Colorado) 4 of 4
Country (United States) 36 of 36
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Clinicient

Portland, Oregon, United States

Clinicient provides web-based practice management systems for Outpatient Rehabilitation practices, giving physical therapy clinics patient scheduling, clinical documentation (EMR), billing and reporting software. Clinicient was founded in 1998 and is based in Portland, Oregon.

Sell -
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.


DEAL STATS #
Overall 20 of 20
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 7 of 7
State (Colorado) 1 of 1
Country (United States) 18 of 18
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 Midwest Medical Transport

Omaha, Nebraska, United States

Midwest Medical Transport (MMT) is a private interfacility ambulance service company involved in serving Nebraska and surrounding states through full-service locations with a fleet of advanced life support ambulances, state-of-the-art medical helicopters, and wheelchair transfer vans. Midwest Medical Transport was founded in 1987 and is based in Omaha, Nebraska.

Sell -
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Airtower Networks

Washington, District of Columbia, United States

Airtower Networks is a wireless infrastructure provider that designs, builds, owns, and operates next-generation cellular, private LTE, Wi-Fi, and public safety networks. Airtower Networks is based in Washington, District of Columbia.

Buy -
SELLER

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $25 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.


DEAL STATS #
Overall 21 of 21
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 10 of 10
State (Colorado) 1 of 1
Country (United States) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 BearCom

Garland, Texas, United States

BearCom is a provider of wireless communications equipment and solutions for two-way radios and other voice and data technologies over 20,000 commercial, industrial and government customers across North America. BearCom was formed in 1981 and is based in Garland, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Ridgeline Roofing and Restoration

Odenville, Alabama, United States

Ridgeline Roofing and Restoration is a roofing and restoration company specializing in residential re-roofing services. Ridgeline Roofing and Restoration was founded in 2020 and is based in Odenville, Alabama.

Buy -