M&A Deal Summary

Fortive Acquires Accruent

On July 31, 2018, Fortive acquired software company Accruent from Genstar Capital for 2.0B USD

Acquisition Highlights
  • This is Fortive’s 2nd transaction in the Software sector.
  • This is Fortive’s largest (disclosed) transaction.
  • This is Fortive’s 3rd transaction in the United States.
  • This is Fortive’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-07-31
Target Accruent
Sector Software
Buyer(s) Fortive
Sellers(s) Genstar Capital
Deal Type Add-on Acquisition
Deal Value 2.0B USD

Target

Accruent

Austin, Texas, United States
website
Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Fortive

Everett, Washington, United States

website


Category Company
Founded 2015
Sector Test/Measurement Equipment
Employees18,000
Revenue 5.8B USD (2022)
DESCRIPTION

Fortive is a diversified designer, developer, manufacturer, servicer and marketer of professional and engineered products, software, and services for a variety of end markets. Fortive operates through two business segments. These include Professional Instrumentation and Industrial Technologies. The Professional Instrumentation segment consists of the Advanced Instrumentation & Solutions and Sensing Technologies businesses. The Industrial Technologies segment consists of the Transportation Technologies, Automation & Specialty Components and Franchise Distribution businesses. Fortive was founded in 2015 and is based in Everett, Washington.


DEAL STATS #
Overall 3 of 9
Sector (Software) 2 of 5
Type (Add-on Acquisition) 3 of 9
State (Texas) 1 of 1
Country (United States) 3 of 8
Year (2018) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 The Gordian Group

Mauldin, South Carolina, United States

The Gordian Group, Inc. is a provider of proprietary database management and procurement services for the repair and alterations segment of the construction sector. The Gordian Group was founded in 1990 and is based in Mauldin, South Carolina.

Buy $775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Censis Technologies

Franklin, Tennessee, United States

Censis Technologies, Inc. offers advanced, web-based surgical inventory management systems focused on enhancing patient safety, efficiency, and regulatory compliance.

Buy -

Seller(S) 1

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 42 of 59
Sector (Software) 1 of 3
Type (Add-on Acquisition) 13 of 17
State (Texas) 1 of 3
Country (United States) 38 of 53
Year (2018) 4 of 4
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Bracket

Wayne, Pennsylvania, United States

Bracket is a clinical trial technology and specialty services provider dedicated to helping biopharmaceutical sponsors and contract research organizations increase the power of their clinical research data by leveraging core competencies in Science, Technology, and Service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 BBB Industries

Daphne, Alabama, United States

BBB Industries engages in remanufacturing of starters, alternators, hydraulic and air disc brake calipers, both hydraulic and electronic power steering products and turbochargers for the OEM, personal and commercial vehicle aftermarket industries. BBB Industries was founded in 1987 headquartered in Daphne, Alabama.

Buy -