M&A Deal Summary

Elm Street Technology Acquires IDX

On June 24, 2020, Elm Street Technology acquired internet software and services company IDX from Main Street Capital

Acquisition Highlights
  • This is Elm Street Technology’s 3rd transaction in the Internet Software and Services sector.
  • This is Elm Street Technology’s 5th transaction in the United States.
  • This is Elm Street Technology’s 1st transaction in Oregon.

M&A Deal Summary

Date 2020-06-24
Target IDX
Sector Internet Software and Services
Buyer(s) Elm Street Technology
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition
Advisor(s) Vaquero Capital, Inc. (Financial)

Target

IDX

Eugene, Oregon, United States
website
IDX LLC is a software as a service (SaaS) digital marketing solution for real estate professionals. The Company gives real estate professionals a high-quality and cost effective digital marketing channel which allows them to turn prospective customers into paying customers. The company's platform is personalized and highly customizable with integrated data and provides back-end analytics for real estate agents. IDX was formed in 2004 and is based in Eugene, Oregon.

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Buyer(S) 1

Buyer

Elm Street Technology

Frisco, Texas, United States

website


Category Company
Founded 2016
Sector Internet Software and Services
DESCRIPTION

Elm Street Technology is a real estate technology and marketing solutions provider to the residential real estate industry. Elm Street offers a platform called Elevate, for real estate technology and marketing services, that provides a single vendor and point of contact to maximize business leads. The Elevate platform is used by tens of thousands of real estate agents, teams, and brokerages across the United States. Elm Street Technology LLC was founded in 2016 and is based in Frisco, Texas.


DEAL STATS #
Overall 5 of 9
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 5 of 9
State (Oregon) 1 of 1
Country (United States) 5 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Agentjet

Ann Arbor, Michigan, United States

Agentjet, Inc. is a digital marketing and lead generation services to agents and small brokerages throughout the United States and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 VoicePad

Louisville, Kentucky, United States

VoicePad is a provider of new client acquisition and telecom solutions for real estate brokerages and their agents. VoicePad is based in Louisville, Kentucky.

Buy -

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 40 of 44
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 19 of 20
State (Oregon) 1 of 1
Country (United States) 40 of 44
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-11 Coastal Television Broadcasting

Anchorage, Alaska, United States

Coastal Television Broadcasting Co. is a television broadcasting company that engages in the operation of broadcasting stations in duopoly or triopoly small-to-mid-size markets. Coastal TV owns and operates KTBY, KFNB, KLWY and WLOV, the FOX Broadcast affiliates in Anchorage, AK, Casper, WY, Cheyenne, WY and Tupelo, MS, respectively. Coastal Television Broadcasting Co. was founded in 2008 and is based in Anchorage, Alaska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 Superior

Atlanta, Georgia, United States

Superior offers nationwide services including crane rental, specialized rigging, steel erection, steel fabrication and more. Superior was founded in 1951 and is based in Atlanta, Georgia.

Buy $26M