M&A Deal Summary

TELUS Acquires Blacksmith Applications

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

Acquisition Highlights
  • This is TELUS’s 2nd transaction in the Software sector.
  • This is TELUS’s 4th 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, Inc.
Sector Software
Buyer(s) TELUS Corp.
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, Inc.

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 Corp.

Vancouver, British Columbia, Canada

website


Category Company
Founded 1993
SectorCommunications
Employees78,100
Revenue 15.3B CAD (2020)
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 17 of 17
Sector (Software) 2 of 2
Type (Add-on Acquisition) 16 of 16
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Competence Call Center Holding GmbH

Vienna, Austria

CCC provides customers with care and BPO solutions with 18 locations in eight countries. The company draws on 19 years of experience in handling incoming calls, outgoing campaigns, written customer communication via e-mail, chat, and social media, as well as back-office activities. CCC was founded in 1998 and is based in Vienna, Austria.

Buy -

Seller(S) 1

SELLER

Strattam Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2013
SizeSmall
Type Sector Focused
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 valued from $20 to $150 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 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
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 Ltd.

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 -