M&A Deal Summary

Alpine Investors Acquires Cobalt

On December 6, 2023, private equity firm Alpine Investors acquired business services company Cobalt

Acquisition Highlights
  • This is Alpine Investors’ 10th transaction in the Business Services sector.
  • This is Alpine Investors’ 44th transaction in the United States.
  • This is Alpine Investors’ 4th transaction in New York.

M&A Deal Summary

Date 2023-12-06
Target Cobalt
Sector Business Services
Buyer(s) Alpine Investors
Deal Type Consolidation

Target

Cobalt

New York, New York, United States
Cobalt buys and builds access solutions businesses that offer founders a long-term home for their business through its technology. Cobalt is based in New York, New York.

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Buyer(S) 1

Buyer

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 44 of 45
Sector (Business Services) 10 of 10
Type (Consolidation) 9 of 9
State (New York) 4 of 4
Country (United States) 44 of 45
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Lightwave Dental

Woodbridge, Virginia, United States

Lightwave Dental is a management services partner for dental offices located in Virginia. Lightwave Dental is dedicated to providing the benefits of a larger dental group for the doctors and the staff without the drawbacks of traditional corporate dentistry. The company offers a low-touch, democratic approach to working with its dental partners that drives better results for doctors and a better experience for the staff. Lightwave Dental was founded in 2016 and is based in Woodbridge, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-04 Guardian Restoration Partners

Denver, Colorado, United States

Guardian Restoration Partners partners with and builds restoration service providers so that every property owner can get the emergency help they need. Guardian Restoration Partners was formed in and is based in Denver, Colorado.

Buy -