M&A Deal Summary

Issuer Direct Acquires PrecisionIR Group

On August 22, 2013, Issuer Direct acquired internet software and services company PrecisionIR Group from Somers Investment Partners for 3M USD

Acquisition Highlights
  • This is Issuer Direct’s 1st transaction in the Internet Software and Services sector.
  • This is Issuer Direct’s largest (disclosed) transaction.
  • This is Issuer Direct’s 1st transaction in the United States.
  • This is Issuer Direct’s 1st transaction in Virginia.

M&A Deal Summary

Date 2013-08-22
Target PrecisionIR Group
Sector Internet Software and Services
Buyer(s) Issuer Direct
Sellers(s) Somers Investment Partners
Deal Type Add-on Acquisition
Deal Value 3M USD
Advisor(s) Ewing Bemiss & Co. (Financial)

Target

PrecisionIR Group

Richmond, Virginia, United States
website
PrecisionIR Group, Inc. is a provider of web-based communication solutions and online investor relations services to over 3,500 companies in 13 countries.

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Buyer(S) 1

Buyer

Issuer Direct

Raleigh, North Carolina, United States

website


Category Company
Founded 1988
SectorInternet Software and Services
Employees86
Revenue 22M USD (2021)
DESCRIPTION

Issuer Direct is a innovator of Disclosure Management Systems and Cloud–based Compliance Technologies. The Company’s flagship technology platform – the Disclosure Management System (DMS) – is a secure cloud based workflow compliance collaboration system for compliance and communications professionals. Issuer Direct was founded in 1988 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Virginia) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 ACCESSWIRE

Morrisville, North Carolina, United States

ACCESSWIRE is a premier news and communications network, providing regional, national, and global news to hundreds of clients globally. ACCESSWIRE was established in 2010 and is based in Morrisville, North Carolina.

Buy $2M

Seller(S) 1

SELLER

Somers Investment Partners

Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
SizeSmall
Type Sector Focused
DESCRIPTION

Somers Investment Partners is a private equity firm focused on buyouts and build-ups of lower middle-market business service companies located in the US. Specific areas of interest within business services include marketing services, IT services, and information services. Somers Investment Partners looks to commit $10 to $50 million of equity capital per transaction in transactions valued up to $250 million. Target companies typically have EBITDA of at least $1 million. Somers Investment Partners was formed in 1999 and is based in Palm Beach, Florida.


DEAL STATS #
Overall 4 of 5
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 4 of 4
State (Virginia) 2 of 2
Country (United States) 4 of 5
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 Pennysaver

Hanover, Maryland, United States

Pennysaver, Inc. is a publisher of community-based, advertising supported, direct mail shoppers in the Baltimore-Washington metropolitan area. Pennysaver was founded in 1979 and is based in Hanover, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 IDS

Minneapolis, Minnesota, United States

IDS streamlines the entire asset finance process from origination, to portfolio management, to end-of term. The company's cloud-based offerings integrate seamlessly into any asset finance ecosystem, offering unparalleled scalability, flexibility and economy to banks, independents and captives of all sizes. Headquartered in Minneapolis, MN, IDS also has offices in the United Kingdom, Australia, Singapore and India.

Sell -