M&A Deal Summary

AltaLink Capital, Finrock Growth Partners and Housatonic Partners Acquire Efficient Hire

On July 27, 2017, search fund AltaLink Capital, growth capital firm Finrock Growth Partners and private equity firm Housatonic Partners acquired internet software and services company Efficient Hire

Acquisition Highlights
  • This is AltaLink Capital’s 1st, Finrock Growth Partners’ 3rd and Housatonic Partners’ 4th transaction in the Internet Software and Services sector.
  • This is AltaLink Capital’s 1st, Finrock Growth Partners’ 2nd and Housatonic Partners’ 56th transaction in the United States.
  • This is AltaLink Capital’s 1st, Finrock Growth Partners’ 1st and Housatonic Partners’ 4th transaction in Colorado.
Investment Fate
  • Efficient Hire was sold to a publicly-traded strategic buyer in 2022.

M&A Deal Summary

Date 2017-07-27
Target Efficient Hire
Sector Internet Software and Services
Buyer(s) AltaLink Capital
Finrock Growth Partners
Housatonic Partners
Deal Type Recapitalization

Target

Efficient Hire

Littleton, Colorado, United States
Efficient Hire is a designer and developer of cloud-based data collection automation software that integrates into a company's human resource and hiring process. It serves customers in the restaurant, staffing, retail, call center, and convenience store industries. Efficient Forms was founded in 2004 and is based in Littleton, Colorado.

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Buyer(S) 3

DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Efficient Hire

Littleton, Colorado, United States

Efficient Hire is a designer and developer of cloud-based data collection automation software that integrates into a company's human resource and hiring process. It serves customers in the restaurant, staffing, retail, call center, and convenience store industries. Efficient Forms was founded in 2004 and is based in Littleton, Colorado.

Sell -
DESCRIPTION

Finrock Growth Partners is a private investment firm that looks to acquire and invest in founder led, bootstrapped software companies. The Firm will consider companies throughout North America with revenue of $5 to $50 million and EBITDA of $1 to $10 million operating in growing markets and serving business or government clients. Finrock prefers acquiring majority positions from owners looking to retire or transition from running day to day operations. Finrock Growth Partners was formed in 2010 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 3 of 7
Sector: Internet Software and Services M&A 3 of 5
Type: Recapitalization M&A Deals 1 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Workplace Answers

Austin, Texas, United States

Workplace Answers is a provider of engaging compliance training to private corporations, governments and higher education institutions. Workplace Answers is renowned for its compliance training that is evidence-based and uses a proprietary story-based learning approach that engages the learner. The training courses are tailored to the unique needs of the client’s industry. Workplace Answers has worked with more than 10 million users and more than 2,000 US organizations that trust it to deliver the best-in-class compliance training covering harassment, discrimination, ethics, wage & hour, performance management, safety & violence prevention, financial compliance and information security. Workplace Answers was founded in 1997 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 OK Roger

Austin, Texas, United States

OK Roger is a provider of an AI-powered personal assistant that books and manages business travel for individuals and their teams. Roger operates & works like a virtual employee providing personalized assistance across the entire travel journey. OK Roger was founded in 2015 and is based in Austin, Texas.

Buy -
Buyer

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 59 of 79
Sector: Internet Software and Services M&A 4 of 7
Type: Recapitalization M&A Deals 17 of 18
State: Colorado M&A 4 of 4
Country: United States M&A 56 of 73
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 OASIS Group

Dublin, Ireland

OASIS Group is a largest and most diverse professional records and information management companies in Europe. OASIS provides secure offsite records storage and related services to businesses: hard copy paper storage, media storage, imaging, digital archiving, and destruction services. It operates in 30 locations across six countries, managing vital information for over 5,000 clients. OASIS Group was established in 1999 and is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 FIMC

Sarasota, Florida, United States

FIMC provides financial service companies the ability to engage and retain customers, drive revenue growth, and extend their brand. FIMC helps consumers maintain financial stability and peace of mind by protecting them from many of the most common, yet unexpected, expenses they face everyday. FIMC was founded in 1974 and is based in Sarasota, Florida.

Buy -