M&A Deal Summary

LightEdge Solutions Acquires Connectria

On April 2, 2024, LightEdge Solutions acquired internet software and services company Connectria from Bregal Sagemount

Acquisition Highlights
  • This is LightEdge Solutions’ 2nd transaction in the Internet Software and Services sector.
  • This is LightEdge Solutions’ 4th transaction in the United States.
  • This is LightEdge Solutions’ 1st transaction in Missouri.

M&A Deal Summary

Date 2024-04-02
Target Connectria
Sector Internet Software and Services
Buyer(s) LightEdge Solutions
Sellers(s) Bregal Sagemount
Deal Type Add-on Acquisition

Target

Connectria

St. Louis, Missouri, United States
website
Connectria is a provider of cloud hosting, cloud-managed services, cloud security, and cloud management software. Connectria was founded in 1996 and is based in St. Louis, Missouri.

Search 193,092 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

LightEdge Solutions

Des Moines, Iowa, United States

website


Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

LightEdge Solutions is an IT service management company and provider of compliant hosting, cloud computing, data protection, and colocation services. LightEdge Solutions was founded in 1996 and is based in Des Moines, Iowa.


DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Missouri) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 NFINIT

San Diego, California, United States

NFINIT provides co-location and managed services to enterprises and information technology businesses in the Western United States. Serving hundreds of customers from our home base in San Diego, NFINIT fulfills clients’ technology roadmap with best-in-breed solutions and expert, consultative support. NFINIT was founded in 1989 and is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 34 of 34
Sector (Internet Software and Services) 6 of 6
Type (Add-on Acquisition) 16 of 16
State (Missouri) 1 of 1
Country (United States) 32 of 32
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Horizon

Columbus, Ohio, United States

Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio.

Sell $385M