M&A Deal Summary

Roper Technologies Acquires iSqFt

On October 31, 2016, Roper Technologies acquired internet software and services company iSqFt from Genstar Capital for 632M USD

Acquisition Highlights
  • This is Roper Technologies’ 1st transaction in the Internet Software and Services sector.
  • This is Roper Technologies’ 11th largest (disclosed) transaction.
  • This is Roper Technologies’ 24th transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Ohio.

M&A Deal Summary
Date 2016-10-31
Target iSqFt
Sector Internet Software and Services
Buyer(s) Roper Technologies
Sellers(s) Genstar Capital
Deal Type Add-on Acquisition
Deal Value 632M USD

Target

iSqFt

Cincinnati, Ohio, United States
website
iSqFt, Inc. (dba ConstructConnect) is a provider of cloud-based data, collaboration, and workflow automation solutions to the commercial construction industry.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States

website

Category Company
Founded 1981
Sector Information Technology
Employees18,400
Revenue 5.4B USD (2022)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.

DEAL STATS #
Overall 28 of 36
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 28 of 36
State (Ohio) 1 of 1
Country (United States) 24 of 31
Year (2016) 2 of 3
Size (of disclosed) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 CliniSys Solutions

Chertsey, United Kingdom

CliniSys Solutions Ltd. is a provider of clinical laboratory information management systems.

Buy £170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Deltek

Herndon, Virginia, United States

Deltek, Inc. is a provider of enterprise applications software designed specifically for project-focused businesses. The Company's software applications enables organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek is based in Herndon, Virginia.

Buy $2.8B

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 34 of 59
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 11 of 17
State (Ohio) 1 of 1
Country (United States) 31 of 53
Year (2016) 5 of 5
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-22 Acrisure

Grand Rapids, Michigan, United States

Acrisure is a retail insurance brokerage offering comprehensive risk management and consulting solutions, including property & casualty, employee benefits, human resource outsourcing, loss & claims management, surety bonding and personal lines coverage. Acrisure was founded in 2005 and is based in Grand Rapids, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 AMBA

Austin, Texas, United States

AMBA is a national affinity marketing insurance agency focused on distributing supplemental insurance and other voluntary benefits through a proprietary network of retired teacher, educator, and public employee associations across the United States. The Company partners with established carriers and utilizes a salesforce of captive agents to distribute a portfolio of products, including vision, dental, long-term care, annuities, cancer, emergency medical transportation, Medicare supplement, heart, life, and accident insurance. AMBA was founded in 2001 and is based in Austin, Texas.

Buy -
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