M&A Deal Summary

Siris Capital Group Acquires BearCom

On November 27, 2023, private equity firm Siris Capital Group acquired electronics company BearCom from Bertram Capital

Acquisition Highlights
  • This is Siris Capital Group’s 1st transaction in the Electronics sector.
  • This is Siris Capital Group’s 17th transaction in the United States.
  • This is Siris Capital Group’s 2nd transaction in Texas.

M&A Deal Summary

Date 2023-11-27
Target BearCom
Sector Electronics
Buyer(s) Siris Capital Group
Sellers(s) Bertram Capital
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co.
BlackArch (Financial)
Hirschler Fleischer PC (Legal)

Target

BearCom

Garland, Texas, United States
website
BearCom is a provider of wireless communications equipment and solutions for two-way radios and other voice and data technologies over 20,000 commercial, industrial and government customers across North America. BearCom was formed in 1981 and is based in Garland, Texas.

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Buyer(S) 1

Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.


DEAL STATS #
Overall 18 of 18
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Texas) 2 of 2
Country (United States) 17 of 17
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Stratus

Maynard, Massachusetts, United States

Stratus is a developer, manufacturer, and marketer of highly specialized 'fault tolerant' servers 'mission critical' computing applications. Stratus’ flexible solutions – software, platform and services – prevent downtime before it occurs and ensure uninterrupted performance of essential business operations. Stratus was founded in 1980 and is based in Maynard, Massachusetts.

Sell $225M

Seller(S) 1

SELLER

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $25 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.


DEAL STATS #
Overall 20 of 21
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 9 of 10
State (Texas) 2 of 2
Country (United States) 18 of 19
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 The Vinyl Outlet

Cheektowaga, New York, United States

The Vinyl Outlet is a direct-to-consumer provider and installer of residential vinyl fencing and decking solutions in Buffalo and Rochester. TVO sources, designs, and installs vinyl fences, decks, porches, and railings for customers with an efficient and one-day installation process. The Company plans to expand geographically and pursue select acquisitions of complementary businesses. The Vinyl Outlet is based in Cheektowaga, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Datavail

Broomfield, Colorado, United States

Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Broomfield, Colorado.

Sell -