M&A Deal Summary

Achieve Partners and Black Diamond Advisory Acquire Ascent Partners

On December 9, 2019, private equity firm Achieve Partners and Black Diamond Advisory acquired information technology company Ascent Partners

Acquisition Highlights
  • This is Achieve Partners’ 1st and Black Diamond Advisory’s 1st transaction in the Information Technology sector.
  • This is Achieve Partners’ 1st and Black Diamond Advisory’s 1st transaction in the United States.
  • This is Achieve Partners’ 1st and Black Diamond Advisory’s 1st transaction in New York.

M&A Deal Summary

Date 2019-12-09
Target Ascent Partners
Sector Information Technology
Buyer(s) Achieve Partners
Black Diamond Advisory
Deal Type Add-on Acquisition

Target

Ascent Partners

New York City, New York, United States
Ascent Partners is a one-stream software global implementation partner firm for CPM solutions. OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics, and financial data quality for sophisticated organizations. Ascent Partners is based in New York City, New York.

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Buyer(S) 2

DESCRIPTION

Achieve Partners is a private equity firm focused on buyouts and growth capital investments in technology companies that serve the employment and education industries. The Firm looks for opportunities that can improve learning, engagement, and provide pathways for high earning jobs. Achieve Partners is headquartered in New York City.


DEAL STATS #
Overall 1 of 15
Sector: Information Technology M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 2
Country: United States M&A 1 of 13
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Optimum Healthcare IT

Jacksonville Beach, Florida, United States

Optimum Healthcare IT is a healthcare IT staffing and consulting services firm. Working with healthcare providers, payers, software, and life sciences organizations, Optimum provides professional staffing and consulting services that support our client’s needs through the continuum of care. Optimum Healthcare IT was founded in 2012 and is based in Jacksonville Beach, Florida.

Buy -
Buyer

Black Diamond Advisory

Golden, Colorado, United States

Category Company
Sector Business Services
DESCRIPTION

Black Diamond Advisory is a digital finance transformation firm and a Platinum Partner of OneStream Software. Black Diamond Advisory is based in Golden, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1