M&A Deal Summary

Quarterhill Acquires Electronic Transaction Consultants

On August 16, 2021, Quarterhill acquired information technology company Electronic Transaction Consultants from Align Capital Partners for 150M USD

Acquisition Highlights
  • This is Quarterhill’s 1st transaction in the Information Technology sector.
  • This is Quarterhill’s largest (disclosed) transaction.
  • This is Quarterhill’s 1st transaction in the United States.
  • This is Quarterhill’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-08-16
Target Electronic Transaction Consultants
Sector Information Technology
Buyer(s) Quarterhill
Sellers(s) Align Capital Partners
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Electronic Transaction Consultants

Richardson, Texas, United States
website
Electronic Transaction Consultants is a technology solutions provider for the mobility and transportation industries. ETC's solutions process over 2 billion transactions annually, incorporating the latest in open-source machine learning and data streaming technology, with predictive Big Data analytics to offer innovative architectures comprising our riteSuite products. Electronic Transaction Consultants was founded in 1999 and is based in Richardson, Texas.

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Buyer(S) 1

Buyer

Quarterhill

Kitchener, Ontario, Canada

website

Category Company
Founded 1992
Sector Information Technology
Employees317
Revenue 306M CAD (2022)
DESCRIPTION

Quarterhill is a diversified investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things ("IIoT") segment across multiple verticals. Quarterhill targets companies with a broad range of products and services that capture, analyze and interpret data, and that have strong financial performance, excellent management teams, strong intellectual property underpinnings and significant opportunities to develop long-term recurring and growing revenue streams. Quarterhill was founded in 1992 and is based in Kitchener, Canada.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 VDS Verkehrstechnik

Löbau, Germany

VDS Verkehrstechnik develops, manufactures, and sells fixed and mobile traffic monitoring devices that record driver speed and red-light infractions. VDS's devices are currently the only radar-based products certified under new regulations in Germany that enable direct enforcement of traffic violations. VDS Verkehrstechnik based in Löbau, Germany.

Buy CA$3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Redfoxid

Aylesbury, United Kingdom

Redfoxid is a provider of automatic vehicle detection and classification ("AVDC") software to the tolling industry. Redfoxid was founded in 1996 and is based in Aylesbury, United Kingdom.

Buy -

Seller(S) 1

SELLER

Align Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2016
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Align Capital Partners is a private equity firm focused on growth-oriented companies with recurring products and services. Align will consider companies with $3 to $15 million of EBITDA headquartered in the US or Canada. Sectors of interest include aerospace, defense, medical products, energy services, business services, chemicals, packaging, building materials, transportation, utility products/services, niche manufacturing, and value-added distributors. Align Capital Partners is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 9
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 1
Country (United States) 3 of 9
Year (2021) 2 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Alliance Technical Group

Decatur, Alabama, United States

Alliance Technical Group is a provider of air emissions testing and monitoring solutions to customers throughout the United States. With expertise in a variety of end markets, Alliance is focused on people, process, and technology to provide unparalleled response and service to assist customers with meeting their air compliance and risk reduction goals. Alliance Technical Group was formed in 2000 and is based in Decatur, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Pleatco Filtration

Louisville, Kentucky, United States

Pleatco Filtration is a provider of replacement filter cartridges and filtration products to the industrial air and the pool/spa markets across North America, Europe, and around the globe. Pleatco is dedicated to providing customers superior product quality, great service, and industry-leading engineering. Through science and innovation, Pleatco’s products provide clean air filtration for manufacturing employees and clean water to families and the environment broadly. Pleatco Filtration was founded in 2006 and is based in Louisville, Kentucky.

Sell $255M
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