M&A Deal Summary

Accel-KKR Acquires GPS Insight

On May 19, 2021, private equity firm Accel-KKR acquired internet software and services company GPS Insight from Bregal Sagemount

Acquisition Highlights
  • This is Accel-KKR’s 26th transaction in the Internet Software and Services sector.
  • This is Accel-KKR’s 69th transaction in the United States.
  • This is Accel-KKR’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-05-19
Target GPS Insight
Sector Internet Software and Services
Buyer(s) Accel-KKR
Sellers(s) Bregal Sagemount
Deal Type Secondary Buyout
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)

Target

GPS Insight

Scottsdale, Arizona, United States
GPS Insight is a provider of SaaS-based fleet management software and complementary solutions for Class 3-6 fleets in the United States and Canada. GPS Insight was founded in 2004 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.

DEAL STATS #
Overall 94 of 117
Sector (Internet Software and Services) 26 of 34
Type (Secondary Buyout) 12 of 18
State (Arizona) 1 of 1
Country (United States) 69 of 81
Year (2021) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 InSight Mobile Data

California, Maryland, United States

InSight Mobile Data develops mobile resource management and fleet safety solutions that provide real-time visibility into the mobile work environment. The Company's fully configurable StreetEagle software platform provides the ability to capture, analyze and integrate mission-critical data from all mobile assets – vehicles, equipment and workers – to improve operational efficiency and safety. InSight Mobile Data was formed in 1998 and is based in California, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Paymentus

Charlotte, North Carolina, United States

Paymentus provides a unified, SaaS electronic bill payment and presentment, enterprise customer communication and self-service, and revenue management platform. Paymentus’ next-generation, real-time bill payment network continues to redefine the industry by providing strategic and innovative solutions that simplify, automate and streamline the bill payment and revenue management processes. The Company’s platform is capable of supporting a broad spectrum of industry segments including: utilities, municipalities, counties and governmental agencies, insurance, healthcare, financial services, property management and other commercial enterprises. Paymentus was founded in 2004 and is based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 32 of 37
Sector (Internet Software and Services) 5 of 6
Type (Secondary Buyout) 16 of 18
State (Arizona) 3 of 3
Country (United States) 30 of 34
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Scorpion

Valencia, California, United States

Scorpion a provider of technology and services helping local businesses thrive. The company helps local service providers understand their unique market dynamics, maximize their marketing efforts, and delight their customers. Scorpion offers SEO, Reviews, Advertising, Email Marketing, Chat and Messaging, Social Media, Websites, Lead Management, Appointment Scheduling, and more. It brings everything together in a way that’s easy to understand and manage, blending AI and teams of real people with vertical expertise to support customers in setting, measuring, and reaching their goals. Scorpion was founded in 2001 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Printful

Charlotte, North Carolina, United States

Printful is an on-demand printing and fulfillment company that helps people turn their ideas into brands and products. The company fulfills and ships custom clothing, accessories, and home & living items for online businesses. Printful was founded in 2013 and is based in Charlotte, North Carolina.

Buy -
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