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M&A Deal Summary

Accruent Acquires Maintenance Connection

On June 6, 2018, Accruent acquired software company Maintenance Connection from TA Associates

Acquisition Highlights
  • This is Accruent’s 8th transaction in the Software sector.
  • This is Accruent’s 14th transaction in the United States.
  • This is Accruent’s 3rd transaction in California.

M&A Deal Summary
Date 2018-06-06
Target Maintenance Connection
Sector Software
Buyer(s) Accruent
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Maintenance Connection

Davis, California, United States
Maintenance Connection, Inc. is a provider of computerized maintenance management system (CMMS) software. Maintenance Connection’s web-based CMMS platform is designed to manage all aspects of an organization’s asset maintenance operation, with the goal of optimizing asset life and lowering the overall cost of maintenance. Primary features of the software suite include work order tracking, asset management, preventative maintenance, service requests, inventory control and reporting. The software can be deployed on-premises, via a software as a service (SaaS) model, or in a hybrid configuration.

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Buyer(S) 1

Buyer

Accruent

Austin, Texas, United States
Category Company
Founded 1995
Sector Software
DESCRIPTION

Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.

DEAL STATS #
Overall 16 of 16
Sector: Software M&A 8 of 8
Type: Add-on Acquisition M&A Deals 15 of 15
State: California M&A 3 of 3
Country: United States M&A 14 of 14
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 EMS Software

Centennial, Colorado, United States

EMS Software LLC is a workplace and campus management platform into its portfolio, and offering customers the ability to make data-driven meeting space planning decisions. EMS Software LLC was founded in 1986 and is headquartered in Centennial, Colorado.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 212 of 261
Sector: Software M&A 46 of 58
Type: Add-on Acquisition M&A Deals 116 of 133
State: California M&A 29 of 30
Country: United States M&A 184 of 208
Year: 2018 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 Amann Girrbach

Maeder, Austria

Amann Girrbach is a developer, manufacturer and sells precision systems and consumables, including the flagship Ceramill CAD/CAM system. Amann Girrbach was founded in 1973 and is headquartered in Maeder, Austria.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 insightsoftware

Raleigh, North Carolina, United States

insightsoftware provides financial reporting and enterprise performance management (EPM) software that empowers CFOs to access real-time data, drive financial intelligence, and achieve better business outcomes through turnkey reporting and performance management solutions. insightsoftware was founded in 1993 and is based in Raleigh, North Carolina.

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