GI Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, GI Partners has acquired 13 companies. It has also invested in 1 other.

GI Partners’ most common sectors for investment are information technology (24%) and real estate (14%). The Firm’s most common investment types include secondary buyout (37%) and buyout (lbo, mbo, mbi) (33%). In total, GI Partners has invested in 21 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired ORBCOMM for $1.1B.

In the last 3 years, GI Partners has exited 2 companies. The Firm’s most common exit type is secondary buyout (48%). GI Partners’ largest (disclosed) exit occurred in 2017 when it sold Wave Broadband for $2.4B.

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M&A Summary

  • M&A Total Activity63
    • M&A Buy Activity46
    • M&A Sell Activity17
  • Total Sectors Invested 15
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 17
  • M&A Advisors 20

GI Partners

188 The Embarcadero, Suite 700,
San Francisco, California 94025
United States
(415) 688.4800
www.gipartners.com
info@gipartners.com

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


Investment Criteria

Sectors of Interest: Beverages, Business Services, Communications, Distribution, Education, Financial Services, Healthcare Services, Information Technology, Leisure, Media, Real Estate, Restaurants, Retail, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - 500
Enterprise Value - 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.8/yr) # 32 - 6 2 5 1 46
vol $1.8B $1.1B $2.9B
Sell (0.8/yr) # 13 2 - 1 1 - 17
vol $1.2B $2.4B $3.6B
  63

Most Recent M&A

Company Date Value Type
ORBCOMM, Inc. 2021-04-08 1.1B USD Going Private
Rochelle Park, New Jersey · www.orbcomm.com
Logibec, Inc. 2020-12-02 - Secondary Buyout
Montreal, Quebec · www.logibec.com
Valet Living LLC 2020-11-23 - Secondary Buyout
Tampa, Florida · www.valetliving.com
Sectigo Ltd. 2020-09-16 - Secondary Buyout
Roseland, New Jersey · www.sectigo.com
Clinical Ink, Inc. 2020-08-04 - Secondary Buyout
Horsham, Pennsylvania · www.clinicalink.com
Blue Stream Fiber 2020-06-02 - Secondary Buyout
Port St. Lucie, Florida · www.bluestreamfiber.com
DR Fortress LLC 2020-01-16 - Growth Capital
Honolulu, Hawaii · www.drfortress.com
Kellermeyer Bergensons Services LLC 2019-10-22 - Secondary Buyout
Maumee, Ohio · www.kbs-clean.com
Insurity, Inc. 2019-06-21 - Recapitalization
Hartford, Connecticut · www.insurity.com
Single Digits, Inc. 2019-01-03 - Secondary Buyout
Bedford, New Hampshire · www.singledigits.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Doxim, Inc. 2018-03-01 Pinnacle Data Systems LLC 2020-10-14 5
Markham, Ontario · www.doxim.com Suwanee, Georgia · www.pinnacledatasystems.com
DAXKO LLC 2016-09-06 Motionsoft, Inc. 2020-08-24 8
Birmingham, Alabama · www.daxko.com Rockville, Maryland · www.motionsoft.net
Access Information Management Shared Services LLC 2014-10-21 ImageFreeway, Inc. - Records Storage Business 2020-06-03 44
Livermore, California · www.accesscorp.com , Georgia
Access Information Management Shared Services LLC 2014-10-21 EDM Americas 2020-01-29 43
Livermore, California · www.accesscorp.com Moosic, Pennsylvania
Access Information Management Shared Services LLC 2014-10-21 The Rover Group - Record Storage Division 2019-05-23 42
Livermore, California · www.accesscorp.com Washington, District of Columbia
Access Information Management Shared Services LLC 2014-10-21 TAB Products Co. LLC - Records Storage Division 2019-05-23 41
Livermore, California · www.accesscorp.com Mayville, Wisconsin
Single Digits, Inc. 2019-01-03 RESOLUTE Partners LLC- Guest Wi-Fi Business 2019-05-09 4
Bedford, New Hampshire · www.singledigits.com Southington, Connecticut
Netsmart Technologies, Inc. 2016-03-23 McBee Associates, Inc. 2019-05-02 7
Overland Park, Kansas · www.ntst.com Wayne, Pennsylvania · www.mcbeeassociates.com
Vast Broadband 2014-10-07 NTS Communications, Inc. 2019-01-09 1
Sioux Falls, South Dakota · www.vastbroadband.com Lubbock, Texas · www.ntscom.com
Consilio 2018-03-21 DiscoverReady LLC 2018-10-30 1
Washington, District of Columbia · www.consilio.com New York, New York · www.discoverready.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 6 (21%) - 11 (24%) -
Real Estate 4 (14%) 127M (7%) 6 (13%) 127M (4%)
Healthcare Services 2 (7%) 43M (2%) 5 (11%) 43M (1%)
Internet Software and Services 4 (14%) - 5 (11%) -
Software 3 (10%) - 4 (9%) -
Communications 2 (7%) 1.1B (56%) 3 (7%) 1.1B (37%)
Financial Services 1 (3%) - 3 (7%) 1.0B (34%)
Beverages 1 (3%) - 2 (4%) -
Leisure 1 (3%) 677M (35%) 1 (2%) 677M (23%)
Business Services 1 (3%) - 1 (2%) -
Consumer Services - - 1 (2%) -
Electrical Equipment 1 (3%) - 1 (2%) -
Environmental 1 (3%) - 1 (2%) -
Life Science 1 (3%) - 1 (2%) -
Restaurants 1 (3%) - 1 (2%) -
Total 29 $1.9B 46 $2.9B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 20 (69%) 1.1B (56%) 35 (76%) 2.1B (71%)
  California 5 (17%) - 9 (20%) -
  New Jersey 2 (7%) 1.1B (56%) 2 (4%) 1.1B (37%)
  Florida 2 (7%) - 2 (4%) -
  Pennsylvania 1 (3%) - 2 (4%) -
  New York - - 2 (4%) 1.0B (34%)
  Ohio - - 2 (4%) -
  Colorado - - 2 (4%) -
  Virginia 1 (3%) - 1 (2%) -
  South Dakota 1 (3%) - 1 (2%) -
  North Carolina 1 (3%) - 1 (2%) -
  New Hampshire 1 (3%) - 1 (2%) -
  Kansas 1 (3%) - 1 (2%) -
  Hawaii 1 (3%) - 1 (2%) -
  Georgia 1 (3%) - 1 (2%) -
  District of Columbia 1 (3%) - 1 (2%) -
  Connecticut 1 (3%) - 1 (2%) -
  Alabama 1 (3%) - 1 (2%) -
  Washington - - 1 (2%) -
  Texas - - 1 (2%) -
  Massachusetts - - 1 (2%) -
  Delaware - - 1 (2%) -
United Kingdom 5 (17%) 848M (44%) 6 (13%) 848M (29%)
Canada 2 (7%) - 3 (7%) -
  Quebec 1 (3%) - 2 (4%) -
  Ontario 1 (3%) - 1 (2%) -
Germany 1 (3%) - 1 (2%) -
Netherlands 1 (3%) - 1 (2%) -
Domestic 20 (69%) 1.1B (56%) 35 (76%) 2.1B (71%)
Cross-border 9 (31%) 848M (44%) 11 (24%) 848M (29%)
Total 29 $1.9B 46 $2.9B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 12 (41%) 720M (37%) 17 (37%) 720M (24%)
Buyout (LBO, MBO, MBI) 8 (28%) 127M (7%) 15 (33%) 1.1B (38%)
Recapitalization 4 (14%) - 5 (11%) -
Divestiture 2 (7%) - 2 (4%) -
Growth Capital 1 (3%) - 2 (4%) -
Stake Purchase 1 (3%) - 2 (4%) -
Going Private 1 (3%) 1.1B (56%) 1 (2%) 1.1B (37%)
PIPE - - 1 (2%) -
Venture - - 1 (2%) -
Total 29 $1.9B 46 $2.9B

Exits by Deal Type

Type Total # Value
Secondary Sale 9 (53%) -
IPO 4 (24%) -
Trade Sale - Public Company 3 (18%) 1.2B (34%)
Trade Sale 1 (6%) 2.4B (66%)
Total 17 $3.6B

Top M&A Advisors

Financial Deals
UBS Investment Bank
 2
Evercore Group LLC
 2
Houlihan Lokey
 1
Legal Deals
Paul Hastings LLP
 7
Kirkland & Ellis LLP
 6
Paul, Weiss, Rifkind, Wharton & Garrison LLP
 1

Deal Values

buy # Total
> $1B 2 $2.1B
$100M to $1B 2 $805M
< $100M 1 $43M
TOTAL $2.9B
Largest ORBCOMM, Inc.
$1.1B (2021-04-08)
sell # Total
> $1B 2 $3.6B
TOTAL $3.6B
Largest Wave Broadband LLC
$2.4B (2017-05-22)

M&A Connections

Deals
Acquired from
Investor(s)
46%
21 (46%)
Strategic(s)
7%
3 (7%)
Exited to
Investor(s)
47%
8 (47%)
Strategic(s)
24%
4 (24%)

Investor Summary

Size

Mega

PE Assets

16.0B USD

Established

2001

Specialist/Generalist

Generalist

Leadership

Rick Magnuson

Founder & Executive Managing Director

Roy Kelvin

CFO

Sachi Blue-Smith

Chief Human Resources Officer

Achi Yaffe

Managing Director

Dave Kreter

Managing Director

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