M&A Deal Summary

TELUS Acquires Blacksmith Applications

On November 8, 2021, TELUS acquired software company Blacksmith Applications from Strattam Capital for 275M USD

Acquisition Highlights
  • This is TELUS’s 2nd transaction in the Software sector.
  • This is TELUS’s 5th largest (disclosed) transaction.
  • This is TELUS’s 1st transaction in the United States.
  • This is TELUS’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-11-08
Target Blacksmith Applications
Sector Software
Buyer(s) TELUS
Sellers(s) Strattam Capital
Deal Type Add-on Acquisition
Deal Value 275M USD
Advisor(s) Harris Williams & Co. (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Blacksmith Applications

Lawrence, Massachusetts, United States
website
Blacksmith Applications is a provider of trade promotion and pricing management software solutions to consumer product companies in the retail, food service, and convenience store markets. Blacksmith Applications is based in Lawrence, Massachusetts.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada

website


Category Company
Founded 1993
Sector Communications
Employees78,100
Revenue 18.3B CAD (2022)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is based in Vancouver, Canada.


DEAL STATS #
Overall 18 of 19
Sector (Software) 2 of 2
Type (Add-on Acquisition) 17 of 18
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Mobile Klinik

Ottawa, Ontario, Canada

Mobile Service Center Canada Ltd. is a chain of professional smartphone repair stores operating under the ‘Mobile Klinik’ brand specializing in immediate repair of mobile phones and tablets for consumers with a swift, high quality and standardized service level. Mobile Service Center Canada was founded in 2015 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 LifeWorks

Toronto, Ontario, Canada

LifeWorks is a provider of digital and in-person solutions that support the total well-being of individuals. LifeWorks deliver a personalized continuum of care that helps clients improve the lives of their people and by doing so, improve their business. LifeWorks was founded in 1966 and is headquartered in Toronto, Ontario.

Buy CA$2.9B

Seller(S) 1

DESCRIPTION

Strattam Capital is a private equity firm focused on investing in and acquiring profitable information technology companies. Specific areas of interest include enterprise software, digital infrastructure, and tech-enabled services. Strattam pursues companies with revenues valued from $10 to $30 million and will consider opportunities throughout the US and Canada. Strattam Capital was formed in 2013 and is based in Austin, Texas.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Netstock Operations

Denver, Colorado, United States

Netstock Operations is a provider of inventory planning and optimization software for small and mid-sized enterprises. The company was formed with a vision of delivering cloud-based inventory optimization solutions to small and medium sized businesses around the world. Netstock was founded in 2009 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Action Title Research

Glen Rock, New Jersey, United States

Action Title Research provides a proven, technology-driven process for title research and public-records analysis. Action Title Research innovative systems and processes ensure consistent quality and fast delivery. Solutions can be tailored to fit agency workflow. Action Title Research was founded in 2003 and is based in Glen Rock, New Jersey.

Buy -