Taxwell - M&A Summary and Business Overview

SoftwareCompany

Taxwell M&A Summary

Taxwell has acquired 1 company, including 1 in the last 5 years. It has also divested 1 asset.

Taxwell’s largest acquisition to date was in 2022, when it acquired TaxACT for $720M. It’s largest disclosed sale occurred in 2016, when it sold EPS Financial to Pathward Financial for $43M. Taxwell has acquired in 1 US state. The Company’s most targeted sectors include internet software and services (100%).

Taxwell Business Overview

Where is Taxwell headquartered?

Taxwell is headquartered in Franklin, North Carolina.

How many employees does Taxwell have?

Taxwell has 600 employees.

What sector is Taxwell in?

Taxwell is a software company.

When was Taxwell founded?

Taxwell was founded in 1977.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Taxwell

Taxwell

235 East Palmer Street,
Franklin, North Carolina 28734
United States,
(828) 524-8020
www.drakesoftware.com

Taxwell is a provider of tax preparation software to professionals and individuals. The Company provides the tools and resources that tax professionals need to build their businesses and properly file federal, state, and local taxes across the country. Drake Software was founded in 1977 and is based in Franklin, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # - - - 1 - - 1
vol $720M $720M
Sell (0.0/yr) # 1 - - - - - 1
vol $43M $43M
  2

Most Recent M&A

Company Date Value Type
TaxACT, Inc. 2022-11-01 720M USD Divestiture
Dallas, Texas · www.taxact.com
EPS Financial LLC 2016-10-03 43M USD Divestiture
Easton, Pennsylvania · www2.epsfinancial.net
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 1 (100%) 720M (100%) - -
Information Technology - - 1 (100%) 43M (100%)
Total 1 $720M 1 $43M

By Geo

State/Country Buy Value Sell Value
United States 1 720M 1 43M
  Texas 1 720M - -
  Pennsylvania - - 1 43M
Total 1 $720M 1 $43M

Top M&A Advisors

Financial Deals
Deloitte
1
Legal Deals
Chambliss, Bahner & Stophel
1

Deal Values

buy # Total
$100M to $1B 1 $720M
TOTAL $720M
Largest TaxACT, Inc.
$720M (2022-11-01)
sell # Total
< $100M 1 $43M
TOTAL $43M
Largest EPS Financial LLC
$43M (2016-10-03)

M&A Connections

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

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