M&A Deal Summary

APC Holdings Acquires Sequential Technology International

On May 11, 2020, private equity firm APC Holdings acquired business services company Sequential Technology International

Acquisition Highlights
  • This is APC Holdings’ 1st transaction in the Business Services sector.
  • This is APC Holdings’ 4th transaction in the United States.
  • This is APC Holdings’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-05-11
Target Sequential Technology International
Sector Business Services
Buyer(s) APC Holdings
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Raymond James - Investment Banking (Financial)
Jones Day (Legal)

Target

Sequential Technology International

Bethlehem, Pennsylvania, United States
Sequential Technology International focuses on simplifying complex internal processes for large enterprises. Through its business process outsourcing, software, and IT consulting capabilities, STI delivers innovation and savings to its customers which include some of the largest communication service providers globally. STI provides solutions for B2C, B2B, Retail, eCommerce, and other business models, on a global scale. Sequential Technology International is based in Bethlehem, Pennsylvania.

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Buyer(S) 1

Buyer

APC Holdings

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

APC Holdings is a private investment firm focused on acquiring lower middle-market businesses in the financial services, energy, real estate, and outsourcing sectors. APC looks for businesses with stable cash-flows, high-margins (> 20%), diverse customers, defensible market positions, limited cyclicality, and high barriers to entry. Target EBITDA is typically between $5 and $15 million. APC prefers opportunities located in the Southeast US. APC Holdings was formed in 2003 and is based in Orlando, Florida.

DEAL STATS #
Overall 5 of 5
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Orion Technologies

Orlando, Florida, United States

Orion Technologies is an engineering firm specializing in the design and manufacture of rugged embedded electronics and systems for a multitude of military/aerospace, commercial, and industrial applications. Orion’s wide product offering includes rugged systems, single board computers, backplanes, switches, power supplies, development chassis, rear transition modules, I/O modules, and carrier cards as well as custom design and full integration services. Orion products and solutions are designed to meet U.S. military standards for a variety of rugged applications including airborne, land-based, and maritime operations. Orion Technologies was formed in 1990 and is based in Orlando, Florida.

Sell -
Mergr

Product

Company

Legal