M&A Deal Summary

Solera Acquires Spireon

On February 1, 2022, Solera acquired internet software and services company Spireon from Greenbriar Equity Group

Acquisition Highlights
  • This is Solera’s 14th transaction in the Internet Software and Services sector.
  • This is Solera’s 18th transaction in the United States.
  • This is Solera’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2022-02-01
Target Spireon
Sector Internet Software and Services
Buyer(s) Solera
Sellers(s) Greenbriar Equity Group
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs
William Blair (Financial)
Hughes Hubbard & Reed LLP (Legal)

Target

Spireon

Knoxville, Tennessee, United States
website
Spireon is a connected vehicle intelligence company, providing businesses and consumers with powerful insights to track, manage and protect their most valuable mobile assets. Spireon was founded in 2002 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Solera

Westlake, Texas, United States

website


Category Company
Founded 1966
Sector Software
Employees3,600
Revenue 987M USD (2013)
DESCRIPTION

Solera is a provider of risk and asset management data and software as a service solution for the automotive and insurance industries. Solera is active in over 90 countries across six continents, and has over 235,000 customers and partners, including many of the largest U.S. and European P&C insurance companies and most of the world’s largest vehicle OEMs, as well as many national governments, financial institutions, vehicle dealerships, vehicle repair shops, salvage yards, and vehicle buyers and sellers. Solera was formed in 1966 and is based in Westlake, Texas.


DEAL STATS #
Overall 40 of 40
Sector (Internet Software and Services) 14 of 14
Type (Add-on Acquisition) 34 of 34
State (Tennessee) 1 of 1
Country (United States) 18 of 18
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 ENData

Brisbane, Australia

ENData is a Brisbane-based insurance technology company that provides claims and supply chain management solutions to the general insurance industry in Australia. ENData provides configured web-based systems that facilitate and simplify the allocation and management of insurance property repairs and contents replacement through the consolidation and automation of tasks in the insurance claims process. ENData is based in Brisbane, Australia.

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Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 22 of 24
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Tennessee) 1 of 1
Country (United States) 19 of 20
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 BDP International

Philadelphia, Pennsylvania, United States

BDP International is an owned global logistics and transportation solutions company. BDP International was founded in 1966 and is based in Philadelphia, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 The Facilities Group

Tampa, Florida, United States

The Facilities Group is a portfolio of commercial facilities maintenance companies focused on providing quality services and valuable client relationships. Together, The Facilities Group companies service more than 18,000 locations across a variety of industries including healthcare, education, logistics, finance, commercial, and industrial facilities. The Facilities Group is based in Tampa, Florida.

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