M&A Deal Summary

Welsh Carson Anderson & Stowe Acquires TrueCommerce

On November 13, 2020, private equity firm Welsh Carson Anderson & Stowe acquired information technology company TrueCommerce from Accel-KKR

Acquisition Highlights
  • This is Welsh Carson Anderson & Stowe’s 15th transaction in the Information Technology sector.
  • This is Welsh Carson Anderson & Stowe’s 84th transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 6th transaction in Pennsylvania.

M&A Deal Summary

Date 2020-11-13
Target TrueCommerce
Sector Information Technology
Buyer(s) Welsh Carson Anderson & Stowe
Sellers(s) Accel-KKR
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)

Target

TrueCommerce

Cranberry Township, Pennsylvania, United States
website
TrueCommerce is a platform that provides digital connectivity and business system integration between buyers/sellers and their trading partners as well as an assortment of value-added supply chain software applications. TrueCommerce was founded in 1995 and is based in Cranberry Township, Pennsylvania.

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Buyer(S) 1

Buyer

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 88 of 97
Sector (Information Technology) 15 of 15
Type (Secondary Buyout) 17 of 20
State (Pennsylvania) 6 of 6
Country (United States) 84 of 92
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 GovernmentCIO

Washington, District of Columbia, United States

GovernmentCIO LLC is a provider of high-end technology and digital solutions to the Federal Health IT Services market. GovernmentCIO is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 US Acute Care Solutions

Canton, Ohio, United States

US Acute Care Solutions is a physician-owned integrated acute care platform in the United States, providing physician staffing and management services primarily focused on the emergency department. US Acute Care Solutions serves over 9 million patients annually through over 500 programs across 29 states. US Acute Care Solutions was founded in 2015 and is based in Canton, Ohio.

Sell -

Seller(S) 1

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 30 of 52
Sector (Information Technology) 6 of 11
Type (Secondary Buyout) 11 of 15
State (Pennsylvania) 1 of 2
Country (United States) 23 of 41
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 Surgical Information Systems

Alpharetta, Georgia, United States

Surgical Information Systems is a provider of cloud-based ASC management which includes surgeon office case request, scheduling, insurance verification, registration, billing, payment posting, accounts receivable, collections, and inventory. Surgical Information Systems was founded in 1996 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 ITC

Carrollton, Texas, United States

ITC is a provider of marketing, rating, and management software and services to the insurance industry, including independent agents and insurance carriers. ITC helps its customers across the United States grow their businesses and become more efficient through the philosophy of providing quality software and services. Currently, ITC serves more than 200 insurance companies and more than 6,000 agencies. ITC was founded in 1983 and is based in Carrollton, Texas.

Sell -