M&A Deal Summary

Aquicore Acquires Entic

On March 26, 2019, Aquicore acquired software company Entic from The Blackstone Group

Acquisition Highlights
  • This is Aquicore’s 1st transaction in the Software sector.
  • This is Aquicore’s 1st transaction in the United States.
  • This is Aquicore’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-03-26
Target Entic
Sector Software
Buyer(s) Aquicore
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition

Target

Entic

Pembroke Pines, Florida, United States
Entic, Inc. is a provider of smart building software. Entic provides building owners with substantial energy and water savings through increased operational visibility and control under an affordable, easy-to-implement subscription model. Used by some of the most recognized names in hospitality, healthcare, commercial office real estate and sports, Entic provides real-time financial and engineering dashboards so that business and facility managers can make better decisions. Entic, Inc. was founded in 2011 and is based in Pembroke Pines, Florida.

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Buyer(S) 1

Buyer

Aquicore

Washington, District of Columbia, United States

Category Company
Founded 2011
Sector Software
DESCRIPTION

Aquicore, Inc. is a commercial real estate software company with an all-in-one operations platform. Aquicore’s cloud-based platform tracks, analyzes and predicts key building performance factors in real time to unlock portfolio-grade actionable insights, streamlining overall business operations and increasing property value and operating incomes. Aquicore, Inc. was founded in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 131 of 195
Sector: Software M&A 3 of 11
Type: Add-on Acquisition M&A Deals 50 of 75
State: Florida M&A 5 of 6
Country: United States M&A 79 of 118
Year: 2019 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Servpro

Gallatin, Tennessee, United States

Servpro is a provider of fire and water cleanup and restoration services, and mold mitigation and remediation. Servpro was founded in 1967 and is based in Gallatin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 GatewayRail

New Delhi, India

GatewayRail is an intermodal operator that provides rail transport service through its inland container depots at Gurugram, Faridabad, Ludhiana, Ahmedabad, and Domestic Container Terminal (DCT) at Navi Mumbai. GatewayRail was formed in 2007 and is based in New Delhi.

Sell -