M&A Deal Summary

Peterson Partners Acquires Avea Solutions

On January 1, 2018, asset manager Peterson Partners acquired software company Avea Solutions

Acquisition Highlights
  • This is Peterson Partners’ 5th transaction in the Software sector.
  • This is Peterson Partners’ 44th transaction in the United States.
  • This is Peterson Partners’ 1st transaction in Oregon.
Investment Fate
  • Avea Solutions was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2018-01-01
Target Avea Solutions
Sector Software
Buyer(s) Peterson Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Avea Solutions

Portland, Oregon, United States
Avea Solutions provides billing and revenue cycle management software to healthcare providers and billing companies in the addiction treatment space. Avea Solutions was established in 2011 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 51 of 58
Sector: Software M&A 5 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 25
State: Oregon M&A 1 of 1
Country: United States M&A 44 of 51
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Neuromonitoring Associates

McKinney, Texas, United States

Neuromonitoring Associates provides intraoperative monitoring (IOM) to monitor the integrity of nerves and neurological responses along neural pathways to reduce the risk of injury to your patient's neural structures during high risk procedures. Neuromonitoring Associates was founded in 2006 and is based in McKinney, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Angoss Software

Toronto, Ontario, Canada

Angoss Software Corp. is a data science platform provider. The company’s investments in research and development resolve to meet the evolving needs of all analytics users regardless of their analytical environment or level of expertise. Angoss Software is based in Toronto, Ontario.

Sell $25M