M&A Deal Summary

Mosaic Capital Partners Acquires Sayers Technology

On April 16, 2018, mezzanine finance firm Mosaic Capital Partners acquired information technology company Sayers Technology from Virgo Capital

Acquisition Highlights
  • This is Mosaic Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Mosaic Capital Partners’ 7th transaction in the United States.
  • This is Mosaic Capital Partners’ 1st transaction in Illinois.

M&A Deal Summary

Date 2018-04-16
Target Sayers Technology
Sector Information Technology
Buyer(s) Mosaic Capital Partners
Sellers(s) Virgo Capital
Deal Type Recapitalization

Target

Sayers Technology

Vernon Hills, Illinois, United States
website
Sayers Technology is a provider of data center infrastructure and enterprise security products and other IT solutions to over 250 large and middle-market enterprises in various sectors, including financial services, insurance, healthcare, manufacturing, and utilities. Sayers Technology was founded in 1984 and is based in Vernon Hills, Illinois.

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Buyer(S) 1

DESCRIPTION

Mosaic Capital Partner is a private investment firm focused on providing equity and mezzanine capital to lower middle-market companies with at least $10 million in revenue. The Firm has a special interest in companies with ESOPs and will consider businesses operating in a range of sectors including business services, chemicals, consumer products, environmental, food/beverages, healthcare services, distribution, machinery, and niche manufacturing. The Firm's geographic preference is businesses in the Southeast, Midwest, and Mid-Atlantic US. Mosaic Capital Partners was formed in 2011 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 7 of 9
Sector (Information Technology) 1 of 1
Type (Recapitalization) 1 of 1
State (Illinois) 1 of 1
Country (United States) 7 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Pete s Living Greens

Carpinteria, California, United States

Pete's Living Greens is an agricultural concern company specializing in greenhouse-grown vegetables Pete's Living Greens ships, and distributes line of products, which are harvested with their roots intact to preserve freshness. Pete's Living Greens was founded in 1970 and is based in Carpinteria, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Custom Profile

Grand Rapids, Michigan, United States

Custom Profile is a manufacturer of plastic profile extruded products primarily for the office furniture, appliance, medical, recreational and RV industry, and point-of-purchase markets. Custom Profile has diverse and flexible manufacturing capabilities with the ability to satisfy a variety of customer demand requirements. Custom Profile was founded in 1992 and is based in Grand Rapids, Michigan.

Buy -

Seller(S) 1

SELLER

Virgo Capital

Austin, Texas, United States

Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 100M USD
Size Small
Type Sector Focused
DESCRIPTION

Virgo Capital is a private equity firm focused on making control investments in lower middle-market software and technology-enabled service companies. Virgo Capital pursues businesses with revenues between $10 and $30 million. Virgo Capital was formed in 2005 and has offices in Austin, Texas and Oklahoma City, Oklahoma.


DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 2 of 2
Type (Recapitalization) 1 of 1
State (Illinois) 1 of 1
Country (United States) 4 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Bound Systems

Austin, Texas, United States

Bound Systems is an audience profiling, segmentation, and personalization solution. The platform delivers powerful insights by combining data on known and anonymous audience, leveraging over 30 data partners including LinkedIn and Bombora. Combined, the platform and personalization experts empower marketers to build advanced segments and deliver personalized experiences that increase ROI on digital channels, convert leads, upsell, and close deals. Bound Systems was formed in 2013 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Korbyt

Addison, Texas, United States

Korbyt is a provider of content creation and management solutions that enable digital signage for enterprise corporate communications purposes. By combining software, hardware, business applications, and services, Korbyt offers a single point of accountability for integrated data visualization and real-time performance management. Korbyt was founded in 1980 and is based in Addison, Texas.

Buy -