M&A Deal Summary

Mitratech Acquires Circa

On April 11, 2023, Mitratech acquired business services company Circa from Brookside Capital Partners and Gauge Capital

Acquisition Highlights
  • This is Mitratech’s 3rd transaction in the Business Services sector.
  • This is Mitratech’s 17th transaction in the United States.
  • This is Mitratech’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2023-04-11
Target Circa
Sector Business Services
Buyer(s) Mitratech
Sellers(s) Brookside Capital Partners
Gauge Capital
Deal Type Add-on Acquisition

Target

Circa

Milwaukee, Wisconsin, United States
Circa is a provider of regulatory compliance and recruitment solutions. The company provides federal contractors with a fully outsourced solution to comply with several regulations of the Office of Federal Contract Compliance Programs (OFCCP) and also maintains a network of over 600 locally-focused online employment websites. Circa was formed in 1994 and is headquartered in Milwaukee and has additional offices in Minneapolis and Washington, D.C.

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Buyer(S) 1

Buyer

Mitratech

Austin, Texas, United States
Category Company
Founded 1987
Sector Software
DESCRIPTION

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Austin, Texas.

DEAL STATS #
Overall 20 of 23
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 19 of 21
State (Wisconsin) 1 of 1
Country (United States) 17 of 19
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Trakstar

Seattle, Washington, United States

Trakstar is a performance management company that provides performance appraisal software to help organizations manage feedback, goals and reviews. Trakstar has allowed Christian Health Care Center to transform an antiquated paper-based performance evaluation tool into an efficient and reliable on-line system. Trakstar was formed in 2000 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Mineral

Portland, Oregon, United States

Mineral is a cloud-based platform for HR solutions company that provides expert HR-related advice and training to employers. Mineral was founded in 2005 and is based in Portland, Oregon.

Buy -

Seller(S) 2

SELLER

Brookside Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 20 of 22
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Wisconsin) 2 of 2
Country (United States) 20 of 22
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-13 iPROMOTEu

Wayland, Massachusetts, United States

iPROMOTEu is a service provider to distributor organizations in the promotional products industry. iPROMOTEu was founded in 1999 and is based in Wayland, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-02 SafeTouch

Jacksonville, Florida, United States

SafeTouch is a regional provider of monitored security alarms and interactive home and business automation solutions across Florida and Georgia. SafeTouch was founded in 1999 and is based in Jacksonville, Florida.

Buy -
SELLER

Gauge Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gauge Capital is a lower middle-market private equity firm focused on acquiring companies throughout the US and Canada. Gauge seeks businesses operating in the business services, healthcare services, consumer products, and food sectors. The Firm targets companies with $5 to $40 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, divestitures, take privates, consolidations, and growth capital financings. Gauge Capital was formed in 2013 and is headquartered in Southlake, Texas.

DEAL STATS #
Overall 9 of 10
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 9 of 10
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-10 Streamline Healthcare

Oak Brook, Illinois, United States

Streamline Healthcare is a provider of electronic health record (EHR) software primarily serving behavioral health providers and state and local departments of health. The Company's web-based SmartCare platform allows disparate behavioral health stakeholders to share and manage information in a unified software platform. Streamline Healthcare was formed in 2003 and is based in Oak Brook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-31 Engine & Transmission Exchange

Waukesha, Wisconsin, United States

Engine & Transmission Exchange is an independent aftermarket transmission remanufacturer focusing on non-discretionary automotive repair and replacements. Engine & Transmission Exchange was founded in 1985 and is based in Waukesha, Wisconsin.

Buy -
Mergr

Product

Company

Legal