M&A Deal Summary

Aspirion Acquires Infinia ML

On September 12, 2023, Aspirion acquired information technology company Infinia ML from Carrick Capital Partners

Acquisition Highlights
  • This is Aspirion’s 1st transaction in the Information Technology sector.
  • This is Aspirion’s 3rd transaction in the United States.
  • This is Aspirion’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-09-12
Target Infinia ML
Sector Information Technology
Buyer(s) Aspirion
Sellers(s) Carrick Capital Partners
Deal Type Add-on Acquisition

Target

Infinia ML

Durham, North Carolina, United States
Infinia ML is a provider of automating complex processes through the latest advances in machine learning. Infinia ML was founded in 2017 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Aspirion

Columbus, Georgia, United States
Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

Aspirion is a specialty revenue cycle management vendor focused on helping hospitals and health systems process complex healthcare claims. Aspirion’s current focus is on worker's compensation, motor vehicle accident, and veterans affairs cases, which are time- and labor-intensive to process relative to traditional commercial healthcare claims. Aspirion was founded in 2006 and is based in Columbus, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 3 of 3
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Continuum

United States

Continuum is a motor vehicle accident (MVA) and third-party liability (TPL) revenue cycle management company.

Buy -

Seller(S) 1

SELLER

Carrick Capital Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Carrick Capital Partners is a private equity firm focused on 'tech-enabled' businesses (business process outsourcing, transaction processing, and software) where the firm can leverage its expertise in building value. Carrick typically makes direct investments in privately-held companies with proven potential for fast growth and/or profitability. Prospective companies generally have revenues of $20 to $100 million with gross margins in excess of 40%. Carrick Capital is based in San Francisco.

DEAL STATS #
Overall 11 of 12
Sector (Information Technology) 6 of 6
Type (Add-on Acquisition) 5 of 5
State (North Carolina) 1 of 1
Country (United States) 11 of 12
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 LegalSifter

Pittsburgh, Pennsylvania, United States

LegalSifter is a combined intelligence company dedicated to bringing affordable legal services to the world by empowering people with artificial intelligence and human expertise. Its products help people negotiate contracts and organize documents faster, safer, and more affordable. ), The company offers its products to thousands of people and partners in 18 countries. LegalSifter is headquartered in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Exiger

New York, New York, United States

Exiger is an operator of global regulatory and financial crime, risk and compliance company. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger was founded in 2013 and is based in New York City.

Sell -
Mergr

Product

Company

Legal