M&A Deal Summary

Snap-on Acquires Dealer-FX

On March 8, 2021, Snap-on acquired software company Dealer-FX from HGGC for 200M USD

Acquisition Highlights
  • This is Snap-on’s 2nd transaction in the Software sector.
  • This is Snap-on’s 3rd largest (disclosed) transaction.
  • This is Snap-on’s 1st transaction in Canada.
  • This is Snap-on’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-03-08
Target Dealer-FX
Sector Software
Buyer(s) Snap-on
Sellers(s) HGGC
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Dealer-FX

Markham, Ontario, Canada
Dealer-FX Group, Inc. is a provider of customer experience and process automation software for auto dealership service departments. Dealer-FX specializes in software as a service (SaaS) management systems, communications platforms, and extensive data integrations, and offers a digitized solution that increases dealership productivity and enhances the vehicle owners’ service experience. Dealer-FX was founded in 2007 and is based in Markham, Ontario.

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Buyer(S) 1

Buyer

Snap-on

Kenosha, Wisconsin, United States
Category Company
Founded 1920
Sector Machinery
Employees13,200
Revenue 5.1B USD (2023)
DESCRIPTION
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.

Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Snap-on was founded in 1920 and is based in Kenosha, Wisconsin.

DEAL STATS #
Overall 15 of 16
Sector (Software) 2 of 2
Type (Add-on Acquisition) 13 of 14
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 AutoCrib

Tustin, California, United States

AutoCrib, Inc. is a designer, manufacturer and marketer of tool and asset control solutions. AutoCrib was founded in 1994 and is based in Tustin, California.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Mountz

San Jose, California, United States

Mountz is a developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products. Mountz is based in San Jose, California.

Buy $40M

Seller(S) 1

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.

DEAL STATS #
Overall 18 of 24
Sector (Software) 4 of 4
Type (Add-on Acquisition) 12 of 13
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2021) 1 of 3
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Buildertrend

Omaha, Nebraska, United States

Buildertrend is a provider of cloud-based construction management software for homebuilders, remodelers and specialty contractors. Buildertrend was founded in 2006 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 FPX

Dallas, Texas, United States

FPX provides an omni-channel platform of cloud-based solutions that optimize and automate quote-to-order business processes, enabling large, global companies to sell complex products and services with incredible speed, efficiency and precision.

Sell -
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