Divestiture • Business Services

Avenu Insights & Analytics Acquires MuniServices

On January 26, 2017, Avenu Insights & Analytics acquired business services company MuniServices from PRA Group

Acquisition Context
  • This is Avenu Insights & Analytics’ 2nd transaction in the Business Services sector.
  • This is Avenu Insights & Analytics’ 3rd transaction in the United States.
  • This is Avenu Insights & Analytics’ 1st transaction in California.

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M&A Deal Summary

Date January 26, 2017
Target MuniServices
Sector Business Services
Buyer(s) Avenu Insights & Analytics
Sellers(s) PRA Group
Deal Type Divestiture

Target Company

MuniServices

Fresno, California, United States
MuniServices LLC is a provider of innovative revenue enhancement and other related services to state and local governments. MuniServices counts more than 250 such jurisdictions as clients, including various municipalities in California, Florida, Georgia, Nevada, Pennsylvania, Texas, and the District of Columbia.
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Buyer Overview 1

Buyer

Avenu Insights & Analytics

Centreville, Virginia, United States

Category Company
Founded 1978
Sector Software
DESCRIPTION

Avenu Insights & Analytics is a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments Avenu Insights & Analytics was founded in 1978 and is based in Centreville, Virginia.


Deal Context for Buyer #
Overall 3 of 9
Sector: Business Services 2 of 2
Type: Divestiture 3 of 4
State: California 1 of 1
Country: United States 3 of 8
Year: 2017 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 eGov Systems

Baton Rouge, Louisiana, United States

eGov Systems LLC is a provider of web-based payment portals and integrated revenue administration solutions for the government sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Conduent - Government Software Business

Florham Park, New Jersey, United States

Conduent, Inc. - Government Software Business includes software solutions for Conduent’s local and municipal government clients, gives Avenu a combined customer base of nearly 3,000 in the 50 states and Canada. These jurisdictions use a portfolio of more than 50 products consisting of Government Records Management (land/vital records), Software solutions for managing criminal courthouse and juror administrative functions, Property tax collection, and property assessment software solutions, Unclaimed property collections management, Pension administration software applications and Stand-alone infrastructure IT managed services.

Buy -

Seller Profile 1

SELLER

PRA Group

Norfolk, Virginia, United States

Category Company
Founded 1996
Sector Financial Services
Employees3,115
Revenue 1.1B USD (2024)
DESCRIPTION

PRA Group is a financial services company. PRA's primary business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others. PRA Group was founded in 1996 and is based in Norfolk, Virginia.


Deal Context for Seller #
Overall 4 of 4
Sector: Business Services 2 of 2
Type: Divestiture 4 of 4
State: California 1 of 1
Country: United States 4 of 4
Year: 2017 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 eGov Systems

Baton Rouge, Louisiana, United States

eGov Systems LLC is a provider of web-based payment portals and integrated revenue administration solutions for the government sector.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 Resurgent Capital Services - Canadian Business

Ontario, Canada

Resurgent Capital Services - Canadian Business provides service and liquidity to credit originators who, in turn, can expand credit services to consumers.

Buy -