Investment Summary

424 Capital and Plexus Capital Invest In Reverba

On September 30, 2021, growth capital firm 424 Capital and private equity firm Plexus Capital invested in business services company Reverba

Investment Highlights
  • This is 424 Capital’s 2nd and Plexus Capital’s 18th transaction in the Business Services sector.
  • This is 424 Capital’s 15th and Plexus Capital’s 113th transaction in the United States.
  • This is 424 Capital’s 2nd and Plexus Capital’s 1st transaction in Washington.

Investment Summary

Date 2021-09-30
Target Reverba
Sector Business Services
Investor(s) 424 Capital
Plexus Capital
Deal Type Growth Capital

Target

Reverba

Seattle, Washington, United States
Reverba is a health engagement company that transforms the way healthcare companies think and function, making compliant, patient-centered action possible. It signifies a multiplying force for amplifying the perspectives of patients and the impact of their voices. Reverba was founded in 2002 and is based in Seattle, Washington.

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Investor(S) 2

DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 15 of 19
Sector: Business Services M&A 2 of 2
Type: Growth Capital M&A Deals 7 of 10
State: Washington M&A 2 of 2
Country: United States M&A 15 of 19
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 QE Solar

Cranford, New Jersey, United States

QE Solar specializes in the operations and maintenance (O&M) of all solar photovoltaic (PV) systems, battery storage systems (BESS), technical compliance, and various other electrical systems management associated with solar PV projects. It regularly performs third-party PV system audits and verifications, full system commissioning services, Independent Engineering (IE) Services, electrical troubleshooting/testing, comprehensive IV curve traces, aerial drone IR scans, PV consulting services, and a variety of other solar performance-related services. QE Solar was founded in 2010 and is based in Cranford, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Environ

New York City, New York, United States

Environ supports US Hospital Systems in their efforts to reduce spending on gas and electricity while simultaneously reducing price volatility. The company is the only energy procurement organization focused exclusively on the hospital market in all deregulated US markets. Environ focuses on energy efficiency, resiliency, and sustainability for their clients. It takes a comprehensive approach to energy management, reviewing both procurement and energy demand/efficiency together, Environ drives results that exceed those that emerge from addressing supply and utilization separately. Environ is based in New York City, New York.

Buy -
Investor

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 113 of 149
Sector: Business Services M&A 18 of 24
Type: Growth Capital M&A Deals 16 of 30
State: Washington M&A 1 of 2
Country: United States M&A 113 of 149
Year: 2021 M&A 15 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Local Hive Honey

Greeley, Colorado, United States

Local Hive Honey produces 23 varietals of raw and unfiltered honey sourced exclusively from local beekeepers across various states and regions. Local Hive Honey is based in Greeley, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 TaskRay

Westminster, Colorado, United States

TaskRay develops and sells SaaS-based customer onboarding solutions to Salesforce users. TaskRay was founded in 2010 and is based in Westminster, Colorado.

Buy -