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

Internet Software And ServicesCompany

Billtrust M&A Summary

Billtrust has acquired 3 companies of its own, including 2 in the last 5 years.

Billtrust’s largest acquisition to date was in 2021, when it acquired iController BV for $58M. Billtrust has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include internet software and services (67%) and information technology (34%).

Billtrust Ownership

Who owns Billtrust?

Billtrust is owned by EQT. It was acquired on September 28, 2022.

Is Billtrust PE-backed?

Yes. Billtrust is owned by private equity investor EQT.

Was Billtrust formerly PE-backed?

Yes. Billtrust was formerly owned by 2 private investors.

Billtrust Business Overview

Where is Billtrust headquartered?

Billtrust is headquartered in Lawrenceville, New Jersey.

What is Billtrust’s revenue?

Billtrust disclosed revenue of 166M USD for 2021 and 146M USD for 2020.

How many employees does Billtrust have?

Billtrust has 687 employees.

What sector is Billtrust in?

Billtrust is an internet software and services company.

When was Billtrust founded?

Billtrust was founded in 2001.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 3

Billtrust

BTRS Holdings, Inc.

1009 Lenox Drive,
Lawrenceville, New Jersey 08648
United States,
(609) 235-1010
www.billtrust.com

Billtrust is a provider of cloud-based payment cycle management solutions. Billtrust helps companies automate and accelerate their accounts receivable (AR) processes to increase cash flow, improve operational efficiency, and drive customer satisfaction. Billtrust was established in 2001 and is based in Lawrenceville, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 - 1 1 - - 3
vol $58M $58M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Order2Cash 2022-02-15 - Add-on Acquisition
Amsterdam, Netherlands · www.order2cash.com
iController BV 2021-10-12 58M USD Add-on Acquisition
Ghent, Belgium · www.icontroller.eu
C-TABS (Crown Technology Assisted Business Services) 2016-02-25 - Add-on Acquisition
Fountain Valley, California · www.c-tabs.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 2 (67%) - - -
Information Technology 1 (33%) 58M (100%) - -
Total 3 $58M - -

By Geo

State/Country Buy Value Sell Value
Belgium 1 58M - -
Netherlands 1 - - -
United States 1 - - -
  California 1 - - -
Domestic 1 (33%) - - -
Cross-border 2 (67%) 58M (100%) - -
Total 3 $58M - -

Deal Values

buy # Total
< $100M 1 $58M
TOTAL $58M
Largest iController BV
$58M (2021-10-12)

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