M&A Deal Summary

Equifax Acquires Efficient Hire

On January 31, 2022, Equifax acquired internet software and services company Efficient Hire from AltaLink Capital, Finrock Growth Partners and Housatonic Partners

Acquisition Highlights
  • This is Equifax’s 11th transaction in the Internet Software and Services sector.
  • This is Equifax’s 26th transaction in the United States.
  • This is Equifax’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2022-01-31
Target Efficient Hire
Sector Internet Software and Services
Buyer(s) Equifax
Sellers(s) AltaLink Capital
Finrock Growth Partners
Housatonic Partners
Deal Type Add-on Acquisition

Target

Efficient Hire

Littleton, Colorado, United States
Efficient Hire is a designer and developer of cloud-based data collection automation software that integrates into a company's human resource and hiring process. It serves customers in the restaurant, staffing, retail, call center, and convenience store industries. Efficient Forms was founded in 2004 and is based in Littleton, Colorado.

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Buyer(S) 1

Buyer

Equifax

Atlanta, Georgia, United States

Category Company
Founded 1899
Sector Information Services
Employees15,000
Revenue 5.3B USD (2023)
DESCRIPTION
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.

Equifax is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. Equifax has a large and diversified group of clients, including financial institutions, corporations, governments and individuals. Equifax's products and services are based on comprehensive databases of consumer and business information derived from numerous types of credit, financial assets, telecommunications and utility payment, employment, income, public record, demographic and marketing data. Equifax was incorporated in 1899 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 33 of 38
Sector (Internet Software and Services) 11 of 11
Type (Add-on Acquisition) 30 of 33
State (Colorado) 2 of 2
Country (United States) 26 of 28
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Appriss Insights

Louisville, Kentucky, United States

Appriss Insights delivers breakthrough data and analytics solutions to reduce people-based risk, mitigate fraud, and meet compliance mandates. The company offers timely, reliable insights through vertical partners on AI-driven, SaaS-based cloud architecture. It enables commercial enterprises and government agencies to build trust and safety while improving operational efficiencies. Appriss Insights is based in Louisville, Kentucky.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Data-Crédito

Santo Domingo, Dominica

Data-Crédito provides consumer credit bureau services, analytics, and scores. More than 4,000 organizations in Latin America are current Data-Crédito customers. Data-Crédito was founded in 1998 and is based in Santo Domingo, Dominica.

Buy -

Seller(S) 3

SELLER
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Efficient Hire

Littleton, Colorado, United States

Efficient Hire is a designer and developer of cloud-based data collection automation software that integrates into a company's human resource and hiring process. It serves customers in the restaurant, staffing, retail, call center, and convenience store industries. Efficient Forms was founded in 2004 and is based in Littleton, Colorado.

Buy -
DESCRIPTION

Finrock Growth Partners is a private investment firm that looks to acquire and invest in founder led, bootstrapped software companies. The Firm will consider companies throughout North America with revenue of $5 to $50 million and EBITDA of $1 to $10 million operating in growing markets and serving business or government clients. Finrock prefers acquiring majority positions from owners looking to retire or transition from running day to day operations. Finrock Growth Partners was formed in 2010 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 2 of 3
State (Colorado) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 BP Logix

Vista, California, United States

BP Logix is a business process management software platform the low-code/no-code solution of choice for organizations faced with workflow and business process management challenges. Enterprises, mid-sized companies, government, and non-profits rely on Process Director BPM software to rapidly create, enhance, and deploy customized, end-to-end, digital business solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Netreo

Irvine, California, United States

Netreo provides a Software-as-a-Service (SaaS) IT Management product called OmniCenter which automatically builds enterprise-wide dashboard views into the entire IT footprint for large companies. Netreo was founded in 2000 and is based in Irvine, California.

Sell -
SELLER

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 42 of 44
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 18 of 20
State (Colorado) 3 of 3
Country (United States) 41 of 42
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 PeopleWorks

Paradise Valley, Arizona, United States

PeopleWorks was founded to acquire and operate tech-enabled HR services businesses. PeopleWorks is based in Paradise Valley, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 ParaRev

Elgin, Illinois, United States

ParaRev offers healthcare revenue cycle management services, from front-end charge master analysis and contract management to end-of-cycle zero-balance underpayment and denial recovery. ParaRev is based in Elgin, Illinois.

Sell -