Periscope Equity Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Periscope Equity has acquired 5 companies. It has also invested in 2 others.

Periscope Equity’s most common sectors for investment areinformation technology (25%) and internet software and services (13%) . The Firm’s most common investment types include growth capital (44%) and recapitalization (19%). In total, Periscope Equity has invested in 12 US states.

In the last 3 years, Periscope Equity has exited 4 companies. The Firm’s most common exit type is trade sale (34%).

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M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity16
    • M&A Sell Activity6
  • Total Sectors Invested 10
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 1

Periscope Equity

One North Wacker Drive Suite 4050,
Chicago, Illinois 60606
United States
(312) 258-9900
www.periscopeequity.com
info@periscopeequity.com

Periscope Equity is a private equity firm focused on acquiring lower middle-market tech-enabled business services companies. Periscope pursues companies valued up to $40 million with $10 to $50 million in revenue. Specific areas of interest include healthcare services, marketing services, business process outsourcing, SaaS, and security services. Periscope Equity was formed in 2007 and is based in Chicago, Illinois.


Investment Criteria

Sectors of Interest: Business Services, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Marketing, Safety/Security, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 50
Target EBITDA 2 5
Investment Size 5 15
Enterprise Value 15 40
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 8 1 5 - - 2 16
Sell (0.8/yr) # 2 - 2 1 - 1 6
  22

Most Recent M&A

Company Date Value Type
Welfare & Pension Administration Service, Inc. 2024-12-19 - Secondary Sale
Mercer Island, Washington · www.wpas-inc.com
Reptrak 2024-11-19 - Secondary Buyout
Boston, Massachusetts · www.reptrak.com
eHouse Studio 2024-04-10 - Growth Capital
Charleston, South Carolina · www.ehousestudio.com
Power Digital Marketing, Inc. 2022-03-16 - Secondary Sale
San Diego, California · www.powerdigitalmarketing.com
Praecipio Consulting LLC 2021-10-26 - Growth Capital
Austin, Texas · www.praecipio.com
CyberMaxx LLC 2021-08-17 - Recapitalization
Chicago, Illinois · www.cybermaxx.com
MAS Medical Staffing LLC 2021-06-08 - Recapitalization
Manchester, New Hampshire · www.masmedicalstaffing.com
brightfin 2021-05-04 - Consolidation
Centennial, Colorado · www.brightfin.com
MobiChord, Inc. 2021-05-04 - Merger
Salt Lake City, Utah · www.mobichord.com
Mobile Solutions Services Holdings LLC 2021-05-04 - Merger
Centennial, Colorado · www.mobilesolutions.net
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
brightfin 2021-05-04 MobiChord, Inc. 2021-05-04 3
Centennial, Colorado · www.brightfin.com Salt Lake City, Utah · www.mobichord.com
brightfin 2021-05-04 Mobile Solutions Services Holdings LLC 2021-05-04 2
Centennial, Colorado · www.brightfin.com Centennial, Colorado · www.mobilesolutions.net
brightfin 2021-05-04 Visage Mobile, Inc. 2021-05-04 1
Centennial, Colorado · www.brightfin.com Madison, Tennessee · www.visagemobile.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 3 (33%) - 4 (25%) -
Internet Software and Services 1 (11%) - 2 (13%) -
Marketing - - 2 (13%) -
Software 1 (11%) - 2 (13%) -
Business Services 1 (11%) - 1 (6%) -
Digital Media 1 (11%) - 1 (6%) -
Financial Services - - 1 (6%) -
Healthcare Services 1 (11%) - 1 (6%) -
Information Services - - 1 (6%) -
Staffing 1 (11%) - 1 (6%) -
Total 9 - 16 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) - 16 (100%) -
  Texas 2 (22%) - 2 (13%) -
  Massachusetts 1 (11%) - 2 (13%) -
  Colorado 1 (11%) - 2 (13%) -
  California 1 (11%) - 2 (13%) -
  Illinois 1 (11%) - 1 (6%) -
  Florida 1 (11%) - 1 (6%) -
  South Carolina 1 (11%) - 1 (6%) -
  New Hampshire 1 (11%) - 1 (6%) -
  Washington - - 1 (6%) -
  Utah - - 1 (6%) -
  Oklahoma - - 1 (6%) -
  North Carolina - - 1 (6%) -
Total 9 - 16 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 4 (44%) - 7 (44%) -
Recapitalization 2 (22%) - 3 (19%) -
Secondary Buyout 2 (22%) - 3 (19%) -
Buyout (LBO, MBO, MBI) - - 2 (13%) -
Consolidation 1 (11%) - 1 (6%) -
Total 9 - 16 -

Exits by Deal Type

Type Total # Value
Merger 2 (33%) -
Secondary Sale 2 (33%) -
Trade Sale 2 (33%) -
Total 6 -

Top M&A Advisors

Legal Deals
Katten Muchin Rosenman
 1

M&A Connections

Deals
Acquired from
Investor(s)
19%
3 (19%)
Exited to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2007

Specialist/Generalist

Specialist

Leadership

Steven Jarmel

Founder & Principal

John Findlay

Partner

Ami Mehta

Principal, Operations

Lisa (Lerner) Harkins

Controller & CCO

Eric Hinkle

Principal

FAQ

When was Periscope Equity founded?

Periscope Equity was founded in 2007.

What type of investor is Periscope Equity?

Periscope Equity is a private equity firm.

Where is Periscope Equity headquartered?

Periscope Equity is headquartered in Chicago, Illinois.

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