M&A Deal Summary

PDI Technologies Acquires Nuspire

On June 20, 2024, PDI Technologies acquired information technology company Nuspire from ABRY Partners and Antares Capital

Acquisition Highlights
  • This is PDI Technologies’ 1st transaction in the Information Technology sector.
  • This is PDI Technologies’ 1st transaction in the United States.
  • This is PDI Technologies’ 1st transaction in Michigan.

M&A Deal Summary

Date 2024-06-20
Target Nuspire
Sector Information Technology
Buyer(s) PDI Technologies
Sellers(s) ABRY Partners
Antares Capital
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co.
Houlihan Lokey (Financial)

Target

Nuspire

Detroit, Michigan, United States
website
Nuspire is a provider of managed security services delivering threat detection and remediation through a skilled team of experts, advanced R&D, and proprietary solutions that merge big data and deep human analytics. Nuspire was founded in 1999 and is based in Detroit, Michigan.

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Buyer(S) 1

Buyer

PDI Technologies

Alpharetta, Georgia, United States

website


Category Company
Sector Information Technology
DESCRIPTION

PDI Technologies is a provider of solutions and services to over 200,000 convenience and petroleum wholesale sites by securely?connecting their data and operations. PDI Technologies is based in Alpharetta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 2

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 99 of 99
Sector (Information Technology) 22 of 22
Type (Add-on Acquisition) 52 of 52
State (Michigan) 2 of 2
Country (United States) 86 of 86
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 Prime Capital Investment Advisors

Overland Park, Kansas, United States

Prime Capital Investment Advisors provides a client-centric team approach to full-service financial planning, including fee-based asset management and wealth management through its Prime Capital Wealth Management brand. Through its Qualified Plan Advisors brand, the firm also provides retirement plan advisory services, as well as plan participant education. PCIA currently has 51 locations throughout the United States, with investment advisor representatives serving clients across the nation. Prime Capital Investment Advisors is based in Overland Park, Kansas.

Buy -
SELLER

Antares Capital

Miami, Florida, United States

Investor Investor

website


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 44 of 44
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 19 of 19
State (Michigan) 1 of 1
Country (United States) 43 of 43
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Venturi Restoration

Schaumburg, Illinois, United States

Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

Sell -