M&A Deal Summary

Abrigo Acquires Sageworks

On May 18, 2018, Abrigo acquired information services company Sageworks from Boathouse Capital

Acquisition Highlights
  • This is Abrigo’s 1st transaction in the Information Services sector.
  • This is Abrigo’s 3rd transaction in the United States.
  • This is Abrigo’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2018-05-18
Target Sageworks
Sector Information Services
Buyer(s) Abrigo
Sellers(s) Boathouse Capital
Deal Type Add-on Acquisition

Target

Sageworks

Raleigh, North Carolina, United States
Sageworks is a financial information company that provides lending, credit risk and portfolio risk solutions to financial institutions and provides financial analysis and valuation applications to accounting firms and private companies.

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Buyer(S) 1

Buyer

Abrigo

Austin, Texas, United States
Category Company
Sector Software
DESCRIPTION

Abrigo is a technology provider of compliance, credit risk, and lending solutions that community financial institutions use to manage risk and drive growth. Abrigo's software automates key processes – from anti-money laundering to fraud detection to lending solutions – empowering customers by addressing their enterprise risk management needs. Abrigo is based in Austin, Texas.

DEAL STATS #
Overall 3 of 8
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 3 of 7
State (North Carolina) 1 of 1
Country (United States) 3 of 8
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 MainStreet Technologies

Atlanta, Georgia, United States

MainStreet Technologies, Inc. is a pioneer in allowance software solutions, advisory services, and education. Financial institutions across the U.S. employ MST to address their allowance requirements, including the software and subject matter expertise to achieve and maintain compliance with U.S. GAAP and the impending CECL accounting standard. MST solutions are tailored for the institution, integrate with core and other lender systems, and exponentially improve efficiencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Farin & Associates

Fitchburg, Wisconsin, United States

Farin & Associates, Inc. is a provider of asset liability management software and advisory services. FARIN has provided financial consulting, software and analysis designed to drive earnings improvements for financial institutions nationwide. Services include in-house and outsourced asset liability management models, retail deposit and loan pricing solutions, core deposit analysis, capital planning, credit risk management, CECL, and CPE-approved education webinars and workshops. FARIN’s team of leading industry experts tailor solutions for each institution, resulting in significantly improved profitability.

Buy -

Seller(S) 1

SELLER

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 10 of 22
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 5 of 11
State (North Carolina) 1 of 1
Country (United States) 10 of 22
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Unitas Global

Chicago, Illinois, United States

Unitas Global is a provider of enterprise cloud solutions providing clients with custom, highly secure, and dedicated cloud-based IT environments that are easy to consume, fully managed, and backed by an end-to-end SLA, guaranteeing application uptime. Unitas Global was founded in 2009 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Cal Net Technology Group

Chatsworth, California, United States

Cal Net Technology Group, Inc. is a provider of IT services to organizations. Cal Net offers full and partially outsourced IT service and support capabilities, cloud capabilities, infrastructure design and implementation, security services, and unified communications to the Southern California small and medium sized businesses (“SMB”) market. Cal Net Technology Group, Inc. was founded in 1995 and is based in Chatsworth, California.

Sell -
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