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  5. 100GROUP Acquires ReCo

M&A Deal Summary

100GROUP Acquires ReCo

On February 21, 2022, 100GROUP acquired software company ReCo

Acquisition Highlights
  • This is 100GROUP’s 1st transaction in the Software sector.
  • This is 100GROUP’s 1st transaction in the United States.
  • This is 100GROUP’s 1st transaction in Georgia.

M&A Deal Summary
Date 2022-02-21
Target ReCo
Sector Software
Buyer(s) 100GROUP
Deal Type Add-on Acquisition

Target

ReCo

Atlanta, Georgia, United States
ReCo is a revenue collections software for local and state government municipalities, which collect revenue for items such as property taxes, motor vehicle fees, parks and rec, and more. ReCo is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

100GROUP

Moorpark, California, United States
Category Company
Founded 2021
Sector Information Technology
DESCRIPTION

100GROUP is a FinTec concierge platform offering various business products/services that are essential to all business owners. It offers a single platform for Payment Processing, VoIP/Business Phone Systems, Business Insurance, Human Resources, Financial Planning, Software Integration, and more. 100GROUP was formed in 2021 and is based in Moorpark, California.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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