M&A Deal Summary

Cerberus Capital Management Acquires Source Code

On August 2, 2021, asset manager Cerberus Capital Management acquired information technology company Source Code from JMC Capital Partners

Acquisition Highlights
  • This is Cerberus Capital Management’s 4th transaction in the Information Technology sector.
  • This is Cerberus Capital Management’s 57th transaction in the United States.
  • This is Cerberus Capital Management’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2021-08-02
Target Source Code
Sector Information Technology
Buyer(s) Cerberus Capital Management
Sellers(s) JMC Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Goodwin Procter (Legal)

Target

Source Code

Milford, Massachusetts, United States
Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.

Search 200,798 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 80 of 87
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 14 of 14
State (Massachusetts) 2 of 2
Country (United States) 57 of 63
Year (2021) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Lighthouse Autism Centers

Mishawaka, Indiana, United States

Lighthouse Autism Centers is a provider of ABA therapy in Indiana and Michigan. Lighthouse Autism Centers has provided the highest quality, center-based ABA therapy to children with autism. At Lighthouse, children work on things like social skills, daily living skills, communication skills, and school-readiness skills. All children are overseen by Board Certified Behavioral Analysts and programs are implemented by Registered Behavior Technicians. Lighthouse Autism Centers also has full-time Speech-Language Pathologists on staff who provide speech therapy services to children who attend the centers. Lighthouse Autism Centers was founded in 2012 and is based in Mishawaka, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Staples Solutions

Amsterdam, Netherlands

Staples Solutions is a provider of workplace products, services, and solutions to small, mid-sized, and large businesses in Europe. Through our integrated offering, Staples Solutions is the partner of choice to meet the diverse needs of the workplace of today and tomorrow.

Sell -

Seller(S) 1

SELLER

JMC Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 206M USD
Size Small
Type Sector Agnostic
DESCRIPTION

JMC Capital Partners is an operationally oriented private equity firm focused on acquiring and building niche companies in fragmented industries. The Firm pursues platform companies with $5 to $35 million in revenue and will consider opportunities throughout North America. Sectors of interest include specialty packaging, test/measurement devices, ruggedized devices, building automation, thermal management, air & liquid filtration, fluid handling, smart city hardware, specialty coatings, process instrumentation, and industrial valves. JMC Capital Partners was established in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Green Cubes

Kokomo, Indiana, United States

Green Cubes is a designer and manufacturer of reliable lithium-ion battery systems for the industrial, motive, medical, and ground support equipment markets. Green Cubes provides lithium-ion battery systems to both original equipment manufacturers (OEMs) and end-users who are seeking cleaner, more efficient, and user-friendly rechargeable lithium-ion technology. Green Cubes was founded in 1986 and is based in Kokomo, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Unipower

Coral Springs, Florida, United States

Unipower designs manufacture, and markets switching power supplies, front ends, rectifiers, dc-dc converters, inverters, dc power systems, high voltage power supplies, and military power supplies for datacom, telecom, military, industrial controls, industrial photonics, medical and instrumentation markets. Unipower is based in Coral Springs, Florida.

Sell -
Mergr

Product

Company

Legal