Avalara - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

Avalara M&A Summary

Avalara has acquired 12 companies of its own, including 9 in the last 5 years. It has also divested 1 asset.

Avalara’s largest acquisition to date was in 2020, when it acquired Transaction Tax Resources for $377M. Avalara has acquired in 7 different US states, and 5 countries. The Company’s most targeted sectors include software (50%) and internet software and services (25%).

Avalara Ownership

Who owns Avalara?

Avalara is owned by Mubadala Capital and Vista Equity Partners. It was acquired on August 8, 2022.

Is Avalara PE-backed?

Yes. Avalara is owned by private equity investors Mubadala Capital and Vista Equity Partners.

Was Avalara formerly PE-backed?

Yes. Avalara was formerly owned by 4 private investors.

Avalara Business Overview

Where is Avalara headquartered?

Avalara is headquartered in Seattle, Washington.

What is Avalara’s revenue?

Avalara disclosed revenue of 699M USD for 2021 and 501M USD for 2020.

How many employees does Avalara have?

Avalara has 3,351 employees.

What sector is Avalara in?

Avalara is an internet software and services company.

When was Avalara founded?

Avalara was founded in 2004.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 2

Avalara

Avalara, Inc.

255 South King Street,
Seattle, Washington 98104
United States,
(877) 299-9224
www.avalara.com

Avalara provides a suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Avalara was formed in 2004 and is based in Seattle, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 5 4 3 - - - 12
vol $474M $474M
Sell (0.2/yr) # - - - - 1 - 1
  13

Most Recent M&A

Company Date Value Type
Avalara - Sales & Use Tax Recovery Business Line 2023-09-14 - Divestiture
Seattle, Washington
CrowdReason LLC 2021-10-18 - Add-on Acquisition
Carrollton, Texas · www.crowdreason.com
Track1099 LLC 2021-10-01 - Add-on Acquisition
Stanford, California · www.track1099.com
DAVO Technologies LLC 2021-04-20 - Add-on Acquisition
Westbrook, Maine · www.davosalestax.com
INPOSIA Solutions GmbH 2020-12-29 - Add-on Acquisition
Karlsruhe, Germany · www.inposia.com
Impendulo Ltd. 2020-12-02 - Add-on Acquisition
London, United Kingdom · www.impendulo.com
Business Licenses LLC 2020-11-05 97M USD Add-on Acquisition
Monsey, New York · www.businesslicenses.com
Transaction Tax Resources, Inc. 2020-10-05 377M USD Add-on Acquisition
McMinnville, Oregon · www.ttrus.com
Portway International, Inc. 2019-08-01 - Add-on Acquisition
Mississauga, Ontario · www.portwayintl.com
Compli - Operational Assets 2019-01-23 - Divestiture
Portland, Oregon
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 6 (50%) 474M (100%) - -
Internet Software and Services 3 (25%) - - -
Business Services 2 (17%) - 1 (100%) -
Information Technology 1 (8%) - - -
Total 12 $474M 1 -

By Geo

State/Country Buy Value Sell Value
United States 8 474M 1 -
  Oregon 2 377M - -
  Texas 1 - - -
  New York 1 97M - -
  Maine 1 - - -
  Colorado 1 - - -
  California 1 - - -
  Washington - - 1 -
Belgium 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Germany 1 - - -
United Kingdom 1 - - -
Domestic 8 (67%) 474M (100%) 1 (100%) -
Cross-border 4 (33%) - - -
Total 12 $474M 1 -

Deal Values

buy # Total
$100M to $1B 1 $377M
< $100M 1 $97M
TOTAL $474M
Largest Transaction Tax Resources, Inc.
$377M (2020-10-05)

M&A Connections

Deals
Acquired from
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
1 (100%)

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