M&A Deal Summary

ServiceTitan Acquires Aspire Software

On June 30, 2021, ServiceTitan acquired software company Aspire Software from Mainsail Partners

Acquisition Highlights
  • This is ServiceTitan’s 5th transaction in the Software sector.
  • This is ServiceTitan’s 7th transaction in the United States.
  • This is ServiceTitan’s 2nd transaction in Montana.

M&A Deal Summary

Date 2021-06-30
Target Aspire Software
Sector Software
Buyer(s) ServiceTitan
Sellers(s) Mainsail Partners
Deal Type Add-on Acquisition

Target

Aspire Software

Chesterfield, Montana, United States
website
Aspire Software offers business management software for landscape, snow & ice, and construction companies. Aspire’s cloud-based SaaS platform helps landscapers manage, create, and execute against their business opportunities and challenges. Aspire Software was formed in 2013 and is based in Chesterfield, Montana.

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Buyer(S) 1

Buyer

ServiceTitan

Glendale, California, United States

website


Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

ServiceTitan is a mobile, cloud-based software platform that helps home services companies streamline operations, improve customer service, and increase sales. ServiceTitan was founded in 2012 and is based in Glendale, California.


DEAL STATS #
Overall 7 of 10
Sector (Software) 5 of 5
Type (Add-on Acquisition) 7 of 10
State (Montana) 2 of 2
Country (United States) 7 of 10
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 ServicePro

Columbus, Ohio, United States

ServicePro is a software company in the pest control and lawn care business. ServicePro was formed in 2020 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 FieldRoutes

McKinney, Texas, United States

FieldRoutes is a cloud and mobile SaaS provider in the pest control and lawn care industries. The Company's platform automates many aspects of field service operations for enterprise and small business customers with office management, advanced route optimization, payment processing, digital sales, marketing, and customer acquisition capabilities. FieldRoutes was founded in 2012 and is based in McKinney, Texas.

Buy -

Seller(S) 1

SELLER

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco.


DEAL STATS #
Overall 19 of 26
Sector (Software) 6 of 8
Type (Add-on Acquisition) 13 of 18
State (Montana) 1 of 1
Country (United States) 19 of 26
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Bio-Optronics

Rochester, New York, United States

Bio-Optronics, Inc. is a software company dedicated to providing user-focused applications for healthcare organizations that positively impact operational performance and final results. With applications focused on clinical research, automated resource utilization, and patient safety, Bio-Optronics solutions are used by thousands of healthcare organizations worldwide and are designed to simplify clinical trial operations, enhance financial performance, facilitate regulatory compliance, and further improve patient safety. Bio-Optronics was founded in 1985 and is based in Rochester, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Boostlingo

Austin, Texas, United States

Boostlingo is a language software and technology company focused on defining and developing the next generation of interpretation technology solutions. Boostlingo delivers multilingual communication access via interpretation delivery and interpretation management software applications. Boostlingo was founded in 2016 and is based in Austin, Texas.

Buy -