M&A Deal Summary

Community Brands Acquires Ministry Brands

On April 12, 2017, Community Brands acquired internet software and services company Ministry Brands from Genstar Capital and Providence Equity Partners

Acquisition Highlights
  • This is Community Brands’ 1st transaction in the Internet Software and Services sector.
  • This is Community Brands’ 3rd transaction in the United States.
  • This is Community Brands’ 1st transaction in Tennessee.
Investment Fate
  • Ministry Brands was divested to a consortium of buyers in 2021.

M&A Deal Summary
Date 2017-04-12
Target Ministry Brands
Sector Internet Software and Services
Buyer(s) Community Brands
Sellers(s) Genstar Capital
Providence Equity Partners
Deal Type Merger

Target

Ministry Brands

Lenoir City, Tennessee, United States
website
Ministry Brands is a provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. The company seeks to equip the 21stcentury church with technology that empowers pastors, church executives, technology professionals, and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. Its suite of solutions includes church management, giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Ministry Brands was formed in 2012 and is based in Lenoir City, Tennessee.

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Buyer(S) 1

Buyer

Community Brands

St. Petersburg, Florida, United States

website

Category Company
Sector Software
DESCRIPTION

Community Brands is an end-to-end technology solutions provider for faith-based organizations, private education institutions and associations and has customers who benefit from a full suite of Community’s products including membership management software, an online/mobile payment platform, financial accounting software, background checks, messaging and mobile apps. Community Brands is based in St. Petersburg, Florida.

DEAL STATS #
Overall 3 of 18
Sector (Internet Software and Services) 1 of 8
Type (Merger) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 3 of 16
Year (2017) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-07 Abila

Austin, Texas, United States

Abila, Inc. is a provider of software and services to associations and nonprofit organizations that help them improve decision-making, execute with greater precision, increase engagement, and generate more revenue. With Abila solutions association and nonprofit professionals can use data and personal insight to make better financial and strategic decisions, enhance member and donor engagement and value, operate more efficiently and effectively, and increase revenue to better activate their mission. Abila combines decades of industry insight with technology know-how to serve nearly 8,000 customers across North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 NimbleUser

Pittsford, New York, United States

NimbleUser is an enterprise-class association management system (AMS) built on the Salesforce platform, the world's leading and most innovative customer relationship management (CRM) system. NimbleUser was founded in 1992 and is based in Pittsford, New York.

Buy -

Seller(S) 2

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 35 of 59
Sector (Internet Software and Services) 4 of 4
Type (Merger) 2 of 6
State (Tennessee) 2 of 2
Country (United States) 32 of 53
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Community Brands

St. Petersburg, Florida, United States

Community Brands is an end-to-end technology solutions provider for faith-based organizations, private education institutions and associations and has customers who benefit from a full suite of Community’s products including membership management software, an online/mobile payment platform, financial accounting software, background checks, messaging and mobile apps. Community Brands is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Tecomet

Wilmington, Massachusetts, United States

Tecomet is a contract manufacturer of precision-engineered medical devices and components for the orthopedic, cardiovascular, medical imaging and aerospace markets. The company manufactures orthopedic implants as well as trauma and cranio-maxillofacial products for medical device customers (accounting for 70% of revenue). Tecomet also makes aerospace and industrial products, including components for satellites and infrared applications. Tecomet was founded in 1964 and is based in Wilmington, Massachusetts.

Sell -
SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 61 of 98
Sector (Internet Software and Services) 5 of 13
Type (Merger) 3 of 7
State (Tennessee) 4 of 4
Country (United States) 40 of 67
Year (2017) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Globeducate

Madrid, Spain

Globeducate is a provider of technical training and certification programs, conferences, industry standards, reports, publications, technical journals, government relations activities and more. Globeducate was founded in 1972 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-14 Ascend Learning

Burlington, Massachusetts, United States

Ascend Learning is a provider of educational content and software tools for students, educational institutions, and employers. With products that span the learning continuum, Ascend Learning focuses on high-growth careers in a range of industries, with a special focus on healthcare and other licensure-driven occupations. Ascend Learning was founded in 2010 and is based in Burlington, Massachusetts.

Sell -
Mergr

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