M&A Deal Summary

Platinum Equity Acquires Aventiv Technologies

On May 16, 2017, private equity firm Platinum Equity acquired information technology company Aventiv Technologies

Acquisition Highlights
  • This is Platinum Equity’s 8th transaction in the Information Technology sector.
  • This is Platinum Equity’s 70th transaction in the United States.
  • This is Platinum Equity’s 6th transaction in Texas.

M&A Deal Summary

Date 2017-05-16
Target Aventiv Technologies
Sector Information Technology
Buyer(s) Platinum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Aventiv Technologies

Dallas, Texas, United States
Aventiv Technologies is a diversified technology company providing solutions to corrections and government services sectors. Aventiv Technologies is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 84 of 156
Sector: Information Technology M&A 8 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 25
State: Texas M&A 6 of 9
Country: United States M&A 70 of 121
Year: 2017 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Verra Mobility

Mesa, Arizona, United States

Verra Mobility is a provider of smart mobility, serving the world's largest commercial fleets and rental car companies in managing tolling transactions and violations for more than 8.5 million vehicles and operating more than 4,000 red-light, speed, and school bus stop arm safety cameras. Verra Mobility maintains its leadership position in the marketplace through meaningful scale and has demonstrated consistent revenue growth underscored by its differentiated transaction processing model. Verra Mobility was founded in 2016 and is based in Mesa, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Quark Software

Grand Rapids, Michigan, United States

Quark Software is a developer of content automation platform that helps large organizations streamline the creation, management, publishing, and delivery of business-critical content. Their solutions automate the process with reusable Smart Content components that can be dynamically assembled and delivered with precision in any format and to any channel — web, tablet, mobile, print, and more. Quark Software was founded in 1981 and is based in Grand Rapids, Michigan.

Sell -