M&A Deal Summary

Actabl Acquires Hotel Effectiveness Solutions

On June 28, 2022, Actabl acquired internet software and services company Hotel Effectiveness Solutions from Growth Street Partners

Acquisition Highlights
  • This is Actabl’s 1st transaction in the Internet Software and Services sector.
  • This is Actabl’s 1st transaction in the United States.
  • This is Actabl’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-06-28
Target Hotel Effectiveness Solutions
Sector Internet Software and Services
Buyer(s) Actabl
Sellers(s) Growth Street Partners
Deal Type Add-on Acquisition

Target

Hotel Effectiveness Solutions

Alpharetta, Georgia, United States
Hotel Effectiveness Solutions is an operator that allows hotel owners, third party management companies, and property-level managers to control labour expenses according to occupancy rates and labour standards. Hotel Effectiveness Solutions was founded in 2007 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

Actabl

Oldsmar, Florida, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Actabl combines business and labor intelligence with a comprehensive operations platform. Actabl is based in Oldsmar, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Growth Street Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2016
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

Growth Street Partners is a private investment group focused on providing growth capital to founder led SaaS and tech-enabled services companies across the US. The Firm looks to invest $3 to $15 million in businesses generating $1 to $5 million in annual revenue run rates. Growth Street Partners was formed in 2016 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 1 of 4
Sector: Internet Software and Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Cambridge, Massachusetts, United States

uConnect is a virtual career center platform designed to radically improve digital student engagement. uConnect is based in Cambridge, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 GoHappy

Glen Allen, Virginia, United States

GoHappy develops communication and engagement tools for frontline employees. GoHappy is based in Glen Allen, Virginia.

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