Investment Summary

True Wind Capital, Carousel Capital and Bregal Sagemount Invests In Transflo

On December 14, 2021, private equity firm True Wind Capital, private equity firm Carousel Capital and growth capital firm Bregal Sagemount invested in software company Transflo

Investment Highlights
  • This is True Wind Capital’s 3rd, Carousel Capital’s 3rd and Bregal Sagemount’s 11th transaction in the Software sector.
  • This is True Wind Capital’s 8th, Carousel Capital’s 33rd and Bregal Sagemount’s 37th transaction in the United States.
  • This is True Wind Capital’s 1st, Carousel Capital’s 5th and Bregal Sagemount’s 2nd transaction in Florida.

Investment Summary

Date 2021-12-14
Target Transflo
Sector Software
Investor(s) True Wind Capital
Carousel Capital
Bregal Sagemount
Deal Type Growth Capital
Advisor(s) Harris Williams & Co. (Financial)

Target

Transflo

Tampa, Florida, United States
website
Transflo is a provider of mobile, business intelligence, and payments facilitation software to the transportation industry. The company’s cloud‐based technologies digitize nearly 800 million shipping documents each year with over $100 billion in freight spending flowing over the Transflo rails. Transflo is headquartered in Tampa, Florida.

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Investor(S) 3

Investor

True Wind Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2015
PE ASSETS 560M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

True Wind Capital Management LLC is a private investment firm focused on technology companies. True Wind pursues a variety of transaction types across all company stages, including management buyouts, growth financings, stake purchases, and venture. True Wind Capital Management was formed in 2015 and is based in San Francisco, California.


DEAL STATS #
Overall 9 of 11
Sector (Software) 3 of 4
Type (Growth Capital) 5 of 7
State (Florida) 1 of 1
Country (United States) 8 of 9
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 e-Emphasys

Cary, North Carolina, United States

e-Emphasys is a global enterprise software provider for the equipment, heavy truck, and rental industries. The company is exclusively focused on the Industrial Machinery and Equipment (IM&E) domain, providing services to dealers and rental companies, including several Fortune 500 customers. The e-Emphasys Dealer Management Platform incorporates a full suite of best-in-class technology including Business Intelligence and Reporting, CRM, Mobile Field Service Applications, Inspection Applications, eCommerce Customer Portals, RFID, Artificial Intelligence, IoT and Telematics. e-Emphasys was formed in 2001 and is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 W Energy Software

Tulsa, Oklahoma, United States

W Energy Software is a provider of cloud-based accounting and ERP software, delivering high levels of speed, ease, and accuracy to enterprise and mid-market customers across the energy and commodities value chain. W Energy Software was founded in 2009 and is based in Tulsa, Oklahoma.

Buy -
Investor

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 33 of 35
Sector (Software) 3 of 3
Type (Growth Capital) 1 of 2
State (Florida) 5 of 5
Country (United States) 33 of 35
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Legacy Data Access

Charlotte, North Carolina, United States

Legacy Data Access is a provider of data lifecycle management solutions to healthcare systems that has extensive experience archiving legacy clinical and financial data from over 350 unique EHR, EMR, and revenue cycle applications, ensuring the Company’s customers are in compliance with data archival regulations while also driving significant cost savings and facilitating on-demand information retrieval. Legacy Data Access was founded in 1999 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 CCG IQ

Charlotte, North Carolina, United States

CCG IQ is a provider of IT solutions for insurance underwriting and claims decisions. The CCQ IQ brands, which include HVACi, StrikeCheck, and JMI Reports, specialize in HVAC and electronics claims, as well as underwriting inspections for insurance professionals. Consolidated Claims Group LLC was founded in 2011 and is based in Charlotte, North Carolina.

Sell -
Investor

Bregal Sagemount

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 38 of 44
Sector (Software) 11 of 12
Type (Growth Capital) 22 of 28
State (Florida) 2 of 2
Country (United States) 37 of 43
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Printful

Charlotte, North Carolina, United States

Printful is an on-demand printing and fulfillment company that helps people turn their ideas into brands and products. The company fulfills and ships custom clothing, accessories, and home & living items for online businesses. Printful Charlotte is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 DentalXChange

Irvine, California, United States

DentalXChange increases productivity and enhances the business side of dental practice by providing products and services that simplify the interaction between dentists, their patients, and insurance companies. The company uses advancing EDI technology and provides quality customer service. DentalXChange was formed in 1989 and is based in Irvine, California.

Buy -