M&A Deal Summary |
|
|---|---|
| Date | 2022-02-01 |
| Target | Vitalyst |
| Sector | Information Technology |
| Buyer(s) | Alithya Group |
| Sellers(s) |
Fifth Street Capital
Adams Street Partners Baird Capital JZ Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 50M USD |
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| Category | Company |
|---|---|
| Founded | 1992 |
| Sector | Information Technology |
| Employees | 1,500 |
Alithya Group, Inc. is an information technology consulting firm that advises, guides and assists its clients in their pursuit of innovation and excellence. Alithya prioritizes the achievement of business objectives on every project, through the optimal use of information technology. Alithya Group, Inc. was founded in 1992 and is based in Quebec, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 9 |
| Sector (Information Technology) | 7 of 8 |
| Type (Add-on Acquisition) | 8 of 9 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 3 of 4 |
| Year (2022) | 1 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-24 |
R3D Conseil
Québec, Quebec, Canada R3D Conseil specializes in consulting and digital application development in the areas of insurance, finance, government services, healthcare, and telecommunications. R3D Conseil was founded in 1996 and is based in Québec, Canada. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-01 |
Datum
Indianapolis, Indiana, United States Datum provides IP-enabled digital transformation services for data-rich insurers and other regulated entities such as state governments. The Company specializes in application modernization and data migration with the use of leading-edge software and services focused on information capture, content management, and application and rules modernization. Datum was formed in 2004 and is based in Indianapolis, Indiana. |
Buy | $46M |
Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 59 |
| Sector (Information Technology) | 5 of 5 |
| Type (Add-on Acquisition) | 26 of 27 |
| State (Pennsylvania) | 5 of 5 |
| Country (United States) | 57 of 58 |
| Year (2022) | 1 of 2 |
| Size (of disclosed) | 10 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-29 |
ProSites
Temecula, California, United States ProSites is a provider of website design and online marketing solutions that help professionals achieve measurable practice growth. Their comprehensive suite of solutions includes ready-to-go and custom website design, search engine marketing, social media management, automated patient communications, and pay-per-click solutions. ProSites was founded in 1999 and is based in Temecula, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-04 |
Enhanced Resource Centers
Jacksonville, Florida, United States Enhanced Resource Centers is a provider of customer experience management solutions with a focus on call center-based business process outsourcing solutions and accounts receivable management services to blue-chip clients in a variety of industries, including financial services, telecommunications, utilities, and student loan markets. Enhanced Resource Centers was founded in 1999 and is headquartered in Jacksonville, Florida. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 1972 |
| PE ASSETS | 60.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 89 of 96 |
| Sector (Information Technology) | 2 of 2 |
| Type (Add-on Acquisition) | 45 of 51 |
| State (Pennsylvania) | 1 of 2 |
| Country (United States) | 82 of 88 |
| Year (2022) | 1 of 3 |
| Size (of disclosed) | 18 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-25 |
Dremio
Santa Clara, California, United States Dremio provides a SQL data lakehouse platform that enables enterprises to run interactive analytics at high speeds directly on cloud storage providers such as AWS and Azure. The company's platform reimagines the data lake service to eliminate costly, complex, and rigid data pipelines to move and copy data into proprietary data warehouses. Dremio was founded in 2015 and is based in Santa Clara, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-08 |
Mineralys
Radnor, Pennsylvania, United States Mineralys is a clinical-stage biopharmaceutical company focused on developing medicines to target diseases driven by abnormally elevated aldosterone. Its initial product candidate, lorundrostat, is a proprietary, orally administered, highly selective aldosterone synthase inhibitor that the company is initially developing for the treatment of patients with uncontrolled hypertension. Mineralys was founded in 2020 and is based in Radnor, Pennsylvania. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 3.1B USD |
| Size | Large |
| Type | Sector Agnostic |
Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 50 |
| Sector (Information Technology) | 4 of 4 |
| Type (Add-on Acquisition) | 28 of 31 |
| State (Pennsylvania) | 3 of 3 |
| Country (United States) | 40 of 44 |
| Year (2022) | 1 of 6 |
| Size (of disclosed) | 8 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-21 |
Vodori
Chicago, Illinois, United States Vodori is a cloud software provider that empowers life science companies to bring vital drugs, vaccines, medical devices and diagnostic solutions to market faster. Vodori was founded in 2005 and is based in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-12 |
Quiq
Bozeman, Montana, United States Quiq is an AI-powered Conversational Platform enabling businesses to engage with customers across the most popular digital messaging channels. Quiq is based in Bozeman, Montana. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
JZ Partners is a private equity firm focused on acquiring middle-market companies valued up to $200 million. JZ seeks profitable companies with strong management, defensible market positions, and low capital expenditures. Sectors of interest include niche manufacturing, value-added distribution, industrial services, healthcare, education, transportation, and business services. JZ Partners was formed in 1986 and has offices in Chicago and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 12 |
| Sector (Information Technology) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Pennsylvania) | 3 of 3 |
| Country (United States) | 8 of 12 |
| Year (2022) | 1 of 5 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-29 |
Priority Express Courier
Boothwyn, Pennsylvania, United States Priority Express Courier, Inc. is a provider of same-day express delivery services to laboratories, health systems, and multiple other high-touch industries. Priority Express serves a variety of customers out of its 5 distribution facilities in the northeast and mid-Atlantic regions. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-15 |
Flow Control Holdings
Cincinnati, Illinois, United States Flow Control Holdings specialize in highly engineered sanitary and high purity flow components for market-critical applications within the food, beverage, and pharmaceutical industries. Flow Control Holdings was founded in 2018 and is based in Cincinnati, Illinois. |
Sell | - |
