Recapitalization • Internet Software and Services

Arsenal Capital Partners Acquires TractManager

On January 7, 2013, private equity firm Arsenal Capital Partners acquired internet software and services company TractManager from Spring Lake Equity Partners

Acquisition Context
  • This is Arsenal Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Arsenal Capital Partners’ 22nd transaction in the United States.
  • This is Arsenal Capital Partners’ 4th transaction in Texas.
Investment Fate
  • TractManager was sold to a strategic buyer in 2020.

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M&A Deal Summary

Date January 7, 2013
Target TractManager
Sector Internet Software and Services
Buyer(s) Arsenal Capital Partners
Sellers(s) Spring Lake Equity Partners
Deal Type Recapitalization

Target Company

TractManager

Dallas, Texas, United States
TractManager, Inc. is a provider of Internet-based systems that enable organizations to create searchable databases of their contractual obligations. TractManager is based in Dallas, Texas.
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Buyer Overview 1

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.


Deal Context for Buyer #
Overall 23 of 58
Sector: Internet Software and Services 1 of 1
Type: Recapitalization 1 of 4
State: Texas 4 of 5
Country: United States 22 of 51
Year: 2013 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 Accella Performance Materials

Maryland, Missouri, United States

Accella Performance Materials is a custom formulator and manufacturer of vinyl plastisols, polyurethanes, specialty coatings and adhesives, as well as recycled rubber products. Dash’s two primary businesses operate from seven strategically located manufacturing facilities throughout the United States and generate over $100 million in revenue annually.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-28 Solvaira Specialty

North Tonawanda, New York, United States

Solvaira Specialty LP is a producer of powdered cellulose and fiber filler products used for food and industrial applications. Solvaira Specialty was founded in 1917 and is based in North Tonawanda, New York.

Buy -

Seller Profile 1

DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 33 of 39
Sector: Internet Software and Services 5 of 6
Type: Recapitalization 1 of 2
State: Texas 1 of 2
Country: United States 33 of 38
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Crossbeam Systems

Boxborough, Massachusetts, United States

Crossbeam is a provider of mission-critical security platforms designed to protect the networks of a variety of organizations including; very large enterprises and service providers, data centers and network perimeters of mid-market enterprises, and small remote offices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 Allegro Development

Dallas, Texas, United States

Allegro Development is a provider of comprehensive energy trading and risk management software to customers in the exploration and production, refining and marketing, utilities and trading markets.

Sell -