Summit Partners Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Summit Partners has acquired 4 companies. It has also invested in 16 others.

Summit Partners’ most common sectors for investment aresoftware (18%) and internet software and services (13%) . The Firm’s most common investment types include growth capital (57%) and buyout (lbo, mbo, mbi) (21%). In total, Summit Partners has invested in 37 US states and 23 different countries. Its largest (disclosed) acquisition occurred in 2018 when it acquired FNZ Group for $2.5B.

In the last 3 years, Summit Partners has exited 16 companies. The Firm’s most common exit type is trade sale (45%). Summit Partners’ largest (disclosed) exit occurred in 2020 when it sold Infor Global Solutions for $13.0B.

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M&A Summary

  • M&A Total Activity674
    • M&A Buy Activity386
    • M&A Sell Activity288
  • Total Sectors Invested 44
  • Total Countries Invested 23
  • M&A Buy/Sell Connections 194
  • M&A Advisors 27

Summit Partners

222 Berkeley St, 18th Floor,
Boston, Massachusetts 02116
United States
(617) 824-1000
www.summitpartners.com

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Automotive, Beverages, Building Materials, Business Services, Communications, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Engineering, Environmental, Financial Services, Franchising, Furniture, Gaming, Healthcare Services, Information Technology, Insurance, Internet Software and Services, Life Science, Machinery, Manufacturing, Marine, Marketing, Medical Products, Publishing, Restaurants, Retail, Safety/Security, Semiconductors, Software, Staffing, Technology Hardware, Test/Measurement Equipment, Transportation, Utilities

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

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific, Australia/New Zealand, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 10 500
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (6.4/yr) # 354 14 10 1 6 1 386
vol $6.2B $6.2B
Sell (7.8/yr) # 249 23 3 4 8 1 288
vol $36.3B $2.6B $38.8B
  674
+9804004505005506006507003003507500

Most Recent M&A

Company Date Value Type
Simply.TV 2025-04-02 - Acquisition Financing
Copenhagen, Denmark · www.simply.tv
Modernizing Medicine, Inc. 2025-03-03 - Secondary Sale
Boca Raton, Florida · www.modmed.com
RELEX Oy 2024-12-10 - Secondary Sale
Helsinki, Finland · www.relexsolutions.com
UHY LLP 2024-12-03 - Growth Capital
New York, New York · www.uhy-us.com
eClinical Solutions LLC 2024-09-12 - Secondary Sale
Mansfield, Massachusetts · www.eclinicalsol.com
EHE International 2024-08-08 - Secondary Sale
New York, New York · www.ehe.health
MercuryGate International, Inc. 2024-08-06 - Trade Sale
Cary, North Carolina · www.mercurygate.com
Revizto SA 2024-07-10 - Growth Capital
Lausanne, Switzerland · www.revizto.com
CluePoints SA 2024-06-12 - Secondary Sale
Louvain-la-Neuve, Belgium · www.cluepoints.com
PostPilot, Inc. 2024-06-05 - Growth Capital
Spartanburg, South Carolina · www.postpilot.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Simply.TV 2025-04-02 Red Bee Media Ltd. - Content Discovery Business 2025-04-02 1
Copenhagen, Denmark · www.simply.tv London, United Kingdom
Trintech, Inc. 2018-01-03 Fiserv - Financial Reconciliation Business 2023-07-25 1
Plano, Texas · www.trintech.com Brookfield, Wisconsin
PrismHR, Inc. 2017-04-24 Vensure Employer Solutions 2022-09-01 2
Hopkinton, Massachusetts · www.prismhr.com Chandler, Arizona · www.vensure.com
48forty Solutions LLC 2020-12-01 CALco Pallet Co. 2022-08-25 16
Alpharetta, Georgia · www.48forty.com Richmond, Illinois · www.usacalco.com
FNZ Group 2018-10-09 New Access SA 2022-07-20 4
London, United Kingdom · www.fnz.com Geneva, Switzerland · www.newaccess.ch
48forty Solutions LLC 2020-12-01 Girard Wood Products - Pallet Recycling Division 2022-06-06 15
Alpharetta, Georgia · www.48forty.com Puyallup, Washington
FNZ Group 2018-10-09 Appway AG 2021-12-07 3
London, United Kingdom · www.fnz.com Zurich, Switzerland · www.appway.com
48forty Solutions LLC 2020-12-01 BridgeStreet Worldwide - European and Asian Agency Business 2020-12-08 14
Alpharetta, Georgia · www.48forty.com , United Kingdom
Sifted, Inc. 2020-10-27 VeriShip, Inc. 2020-10-27 1
Kansas City, Missouri · www.sifted.com Kansas City, Missouri · www.veriship.com
Syndigo LLC 2018-10-25 Kwikee Products Co. LLC 2020-04-27 9
Chicago, Illinois · www.syndigo.com Peoria, Illinois · www.kwikee.com

M&A by Sector

Sector Current # Value All-time # Value
Software 17 (20%) - 68 (18%) -
Internet Software and Services 18 (21%) - 47 (12%) -
Healthcare Services 6 (7%) 2.2B (46%) 41 (11%) 3.2B (51%)
Information Technology 15 (18%) 2.5B (54%) 40 (10%) 2.5B (41%)
Business Services 5 (6%) - 26 (7%) -
Technology Hardware 1 (1%) - 17 (4%) -
Communications - - 16 (4%) 57M (1%)
Financial Services 3 (4%) - 14 (4%) -
Consumer Products 4 (5%) - 11 (3%) -
Life Science 2 (2%) - 10 (3%) -
Medical Products - - 10 (3%) -
Insurance 1 (1%) - 8 (2%) -
Semiconductors - - 7 (2%) -
E-Commerce 2 (2%) - 6 (2%) -
Distribution - - 5 (1%) -
Education 1 (1%) - 5 (1%) -
Electronics - - 5 (1%) -
Automotive 1 (1%) - 4 (1%) -
Marketing 2 (2%) - 4 (1%) -
Digital Media 1 (1%) - 3 (1%) 350M (6%)
Retail 1 (1%) - 3 (1%) 55M (1%)
Electrical Equipment - - 3 (1%) -
Manufacturing - - 3 (1%) -
Test/Measurement Equipment - - 3 (1%) -
Apparel/Textiles - - 2 (1%) -
Consumer Services - - 2 (1%) -
Energy Services and Equipment - - 2 (1%) -
Environmental - - 2 (1%) -
Gaming - - 2 (1%) -
Information Services - - 2 (1%) -
Machinery - - 2 (1%) -
Publishing - - 2 (1%) -
Transportation 1 (1%) - 2 (1%) -
Beverages - - 1 (< 1%) -
Building Materials - - 1 (< 1%) -
Construction 1 (1%) - 1 (< 1%) -
Engineering - - 1 (< 1%) -
Franchising - - 1 (< 1%) -
Furniture - - 1 (< 1%) -
Leisure - - 1 (< 1%) -
Packaging 1 (1%) - 1 (< 1%) -
Restaurants 1 (1%) - 1 (< 1%) -
Safety/Security - - 1 (< 1%) -
Staffing - - 1 (< 1%) -
Total 84 $4.7B 388 $6.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 58 (69%) 2.2B (46%) 320 (82%) 3.3B (53%)
  California 9 (11%) - 73 (19%) 55M (1%)
  Massachusetts 8 (10%) - 42 (11%) -
  Texas 8 (10%) - 26 (7%) -
  Florida 8 (10%) - 25 (6%) 907M (15%)
  New York 4 (5%) - 17 (4%) -
  Georgia 3 (4%) - 12 (3%) 155M (3%)
  Illinois 3 (4%) - 11 (3%) -
  New Jersey - - 11 (3%) -
  Minnesota - - 9 (2%) -
  Utah 4 (5%) - 7 (2%) -
  Ohio 1 (1%) - 7 (2%) -
  Virginia - - 7 (2%) -
  Colorado 1 (1%) - 6 (2%) -
  North Carolina 1 (1%) - 6 (2%) -
  Washington 1 (1%) 2.2B (46%) 5 (1%) 2.2B (35%)
  Missouri 1 (1%) - 5 (1%) -
  Pennsylvania - - 5 (1%) -
  Arizona 1 (1%) - 4 (1%) -
  Wisconsin - - 4 (1%) -
  Indiana - - 4 (1%) -
  South Carolina 1 (1%) - 3 (1%) -
  Delaware - - 3 (1%) -
  Tennessee - - 3 (1%) -
  Nevada - - 3 (1%) -
  Maryland - - 3 (1%) -
  Idaho - - 3 (1%) -
  Connecticut 1 (1%) - 2 (1%) -
  New Hampshire 1 (1%) - 2 (1%) -
  Montana 1 (1%) - 2 (1%) -
  Iowa 1 (1%) - 2 (1%) -
  Michigan - - 2 (1%) -
  South Dakota - - 1 (< 1%) -
  Rhode Island - - 1 (< 1%) -
  Oregon - - 1 (< 1%) -
  Oklahoma - - 1 (< 1%) -
  Louisiana - - 1 (< 1%) -
  Kansas - - 1 (< 1%) -
United Kingdom 5 (6%) 2.5B (54%) 11 (3%) 2.5B (41%)
Germany 3 (4%) - 11 (3%) 350M (6%)
Canada 3 (4%) - 6 (2%) -
  Ontario 1 (1%) - 3 (1%) -
  British Columbia 1 (1%) - 1 (< 1%) -
  Alberta 1 (1%) - 1 (< 1%) -
  Quebec - - 1 (< 1%) -
France 3 (4%) - 5 (1%) -
Netherlands - - 5 (1%) -
Belgium 2 (2%) - 4 (1%) -
Denmark 2 (2%) - 4 (1%) -
Switzerland 2 (2%) - 4 (1%) -
Israel 2 (2%) - 3 (1%) -
Ireland 1 (1%) - 2 (1%) -
Singapore 1 (1%) - 2 (1%) -
Spain 1 (1%) - 1 (< 1%) -
Sweden 1 (1%) - 1 (< 1%) -
Italy - - 1 (< 1%) -
Australia - - 1 (< 1%) -
Brazil - - 1 (< 1%) -
Bulgaria - - 1 (< 1%) -
Czech Republic - - 1 (< 1%) -
Finland - - 1 (< 1%) -
Luxembourg - - 1 (< 1%) -
Russia - - 1 (< 1%) -
Vietnam - - 1 (< 1%) -
Domestic 58 (69%) 2.2B (46%) 320 (82%) 3.3B (53%)
Cross-border 26 (31%) 2.5B (54%) 68 (18%) 2.9B (47%)
Total 84 $4.7B 388 $6.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 43 (51%) - 219 (56%) -
Buyout (LBO, MBO, MBI) 10 (12%) - 80 (21%) 112M (2%)
Venture 16 (19%) - 34 (9%) -
Secondary Buyout 11 (13%) 2.5B (54%) 27 (7%) 2.9B (47%)
Recapitalization 1 (1%) - 13 (3%) 155M (3%)
Stake Purchase - - 7 (2%) -
Divestiture 1 (1%) 2.2B (46%) 2 (1%) 2.2B (35%)
Going Private - - 2 (1%) 850M (14%)
PIPE 1 (1%) - 2 (1%) -
Acquisition Financing 1 (1%) - 1 (< 1%) -
Joint Venture - - 1 (< 1%) -
Total 84 $4.7B 388 $6.2B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 93 (32%) 17.0B (46%)
IPO 73 (25%) -
Secondary Sale 61 (21%) 1.9B (5%)
Trade Sale 40 (14%) 13.4B (36%)
Merger 5 (2%) 4.4B (12%)
Bankruptcy 4 (1%) -
Sold to Management 4 (1%) -
Recapitalization 3 (1%) -
Stake Sale 2 (1%) -
Divestiture 1 (< 1%) -
SPAC 1 (< 1%) -
Unknown 1 (< 1%) -
Total 288 $36.8B

Top M&A Advisors

Financial Deals
Harris Williams
2
Jefferies
2
Deutsche Bank Corporate & Investment Banking
2
Legal Deals
Kirkland & Ellis
13
Weil Gotshal & Manges
7
Ropes & Gray
3

Deal Values

buy # Total
> $1B 2 $4.7B
$100M to $1B 3 $1.4B
< $100M 2 $112M
TOTAL $6.2B
Largest FNZ Group
$2.5B (2018-10-09)
sell # Total
> $1B 9 $28.7B
$100M to $1B 36 $10.0B
< $100M 4 $163M
TOTAL $38.8B
Largest Infor Global Solutions, Inc.
$13.0B (2020-02-04)

M&A Connections

Deals
Acquired from
Investor(s)
9%
33 (9%)
Strategic(s)
1%
2 (1%)
Exited to
Investor(s)
23%
65 (23%)
Strategic(s)
47%
135 (47%)

FAQ

When was Summit Partners founded?

Summit Partners was founded in 1984.

What type of investor is Summit Partners?

Summit Partners is a growth capital firm.

Where is Summit Partners headquartered?

Summit Partners is headquartered in Boston, Massachusetts.

How much capital does Summit Partners have under management?

Summit Partners has 39.0B USD under management.

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