M&A Deal Summary

CoreLogic Acquires Next Gear Solutions

On September 15, 2021, CoreLogic, Inc. acquired software company Next Gear Solutions LLC from Serent Capital

Acquisition Highlights
  • This is CoreLogic’s 8th transaction in the Software sector.
  • This is CoreLogic’s 15th transaction in the United States.
  • This is CoreLogic’s 2nd transaction in Mississippi.

M&A Deal Summary

Date 2021-09-15
Target Next Gear Solutions LLC
Sector Software
Buyer(s) CoreLogic, Inc.
Sellers(s) Serent Capital
Deal Type Add-on Acquisition
Advisor(s) Jefferies LLC (Financial)

Target

Next Gear Solutions LLC

Oxford, Mississippi, United States
website
Next Gear Solutions is a provider of job management and workflow software to the restoration industry. Next Gear's SaaS platform is used by thousands of restoration contractors to manage all aspects of their business. Next Gear was founded in 2008 and is headquartered in Oxford, Mississippi.

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Buyer(S) 1

Buyer

CoreLogic, Inc.

Irvine, California, United States

website


Category Company
Founded 1894
SectorInformation Services
Employees5,100
Revenue 1.8B USD (2019)
DESCRIPTION
CoreLogic's corporate headquarters in Irvine, California.
CoreLogic's corporate headquarters in Irvine, California.

CoreLogic is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. CoreLogic was founded in 1894 and is based in Irvine, California.


DEAL STATS #
Overall 19 of 19
Sector (Software) 8 of 8
Type (Add-on Acquisition) 15 of 15
State (Mississippi) 2 of 2
Country (United States) 15 of 15
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Teletrack LLC

San Diego, California, United States

Teletrack is a specialty consumer reporting agency that provides non-traditional credit data and insights to the alternative financial services industry. Teletrack provides differentiated consumer insights to enable clients to make informed lending decisions and monitor existing loans portfolios. Teletrack is based in San Diego, California.

Sell -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in annual sales and EBITDA up to $15 million. The Firm can commit $5 to $100 million of capital per transaction. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 19 of 19
Sector (Software) 6 of 6
Type (Add-on Acquisition) 16 of 16
State (Mississippi) 1 of 1
Country (United States) 19 of 19
Year (2021) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 ParentSquare

Goleta, California, United States

ParentSquare is a provider of the premier unified school-to-home engagement platform for K-12 that unifies all school communication tools from the district office to the classroom, providing oversight throughout and powerful reporting metrics. With extensive student information system integrations, translation to more than 100 languages, and access via the app, email, text, voice, and web portal, ParentSquare enables schools to engage every family, ensuring equitable communication. ParentSquare was founded in 2011 and is based in Goleta, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Millennium Systems International

Parsippany, New Jersey, United States

Millennium Systems International is a software provider to the spa and salon industry. Millennium Systems International software powers over 150,000 users daily and processes billions of dollars in transactions for its thousands of customers across the globe. Millennium Systems International is based in Parsippany, New Jersey.

Buy -