M&A Deal Summary

CoreLogic Acquires Next Gear Solutions

On September 15, 2021, CoreLogic acquired software company Next Gear Solutions from Serent Capital

Acquisition Highlights
  • This is CoreLogic’s 8th transaction in the Software sector.
  • This is CoreLogic’s 15th transaction in the United States.
  • This is CoreLogic’s 2nd transaction in Mississippi.

M&A Deal Summary

Date 2021-09-15
Target Next Gear Solutions
Sector Software
Buyer(s) CoreLogic
Sellers(s) Serent Capital
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)

Target

Next Gear Solutions

Oxford, Mississippi, United States
website
Next Gear Solutions is a provider of job management and workflow software to the restoration industry. Next Gear's SaaS platform is used by thousands of restoration contractors to manage all aspects of their business. Next Gear was founded in 2008 and is headquartered in Oxford, Mississippi.

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Buyer(S) 1

Buyer

CoreLogic

Irvine, California, United States

website


Category Company
Founded 1894
Sector Information Services
Employees5,100
Revenue 1.8B USD (2019)
DESCRIPTION
CoreLogic's corporate headquarters in Irvine, California.
CoreLogic's corporate headquarters in Irvine, California.

CoreLogic is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. CoreLogic was founded in 1894 and is based in Irvine, California.


DEAL STATS #
Overall 19 of 21
Sector (Software) 8 of 9
Type (Add-on Acquisition) 15 of 17
State (Mississippi) 2 of 2
Country (United States) 15 of 16
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Teletrack

San Diego, California, United States

Teletrack is a specialty consumer reporting agency that provides non-traditional credit data and insights to the alternative financial services industry. Teletrack provides differentiated consumer insights to enable clients to make informed lending decisions and monitor existing loans portfolios. Teletrack is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 HomeVisit

Chantilly, Virginia, United States

HomeVisit is a provider of marketing-focused real estate solutions, including property listing photography, videography, 3D tours, drone imagery, printing services, and other related services. HomeVisit was founded in 1998 and is based in Chantilly, Virginia.

Sell CA$9M

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 19 of 22
Sector (Software) 6 of 8
Type (Add-on Acquisition) 16 of 18
State (Mississippi) 1 of 1
Country (United States) 19 of 22
Year (2021) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 ParentSquare

Goleta, California, United States

ParentSquare is a provider of an unified school-to-home engagement platform for K-12 that unifies all school communication tools from the district office to the classroom, providing oversight throughout and powerful reporting metrics. With extensive student information system integrations, translation to more than 100 languages, and access via the app, email, text, voice, and web portal, ParentSquare enables schools to engage every family, ensuring equitable communication. ParentSquare was founded in 2011 and is based in Goleta, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 MSI

Parsippany, New Jersey, United States

MSI is a software provider to the spa and salon industry. MSI software powers over 150,000 users daily and processes billions of dollars in transactions for its thousands of customers across the globe. MSI was founded in 1987 and is based in Parsippany, New Jersey.

Buy -