Merger • Software

Avetta Acquires BROWZ

On February 14, 2019, Avetta acquired software company BROWZ from Long Ridge Equity Partners

Acquisition Context
  • This is Avetta’s 1st transaction in the Software sector.
  • This is Avetta’s 1st transaction in the United States.
  • This is Avetta’s 1st transaction in Utah.

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M&A Deal Summary

Date February 14, 2019
Target BROWZ
Sector Software
Buyer(s) Avetta
Sellers(s) Long Ridge Equity Partners
Deal Type Merger
Advisor(s) Financial Technology Partners - FT Partners (Financial)
Katten Muchin Rosenman (Legal)

Target Company

BROWZ

Draper, Utah, United States
BROWZ delivers a solution to prequalify, assess, and monitor supply chain compliance based on the unique needs of each client’s business. BROWZ provides comprehensive assessments using patented, configurable technology and expertise, resulting in the site operator's confidence in a safer work environment for clients and supply chains around the world. The BROWZ solution addresses global supply chain needs related to qualifying contractors and suppliers for leading clients in industries such as mining, transportation, construction, chemicals, aerospace, pharmaceuticals, and many others. BROWZ is based in Draper, Utah.
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Buyer Overview 1

Buyer

Avetta

Lehi, Utah, United States

Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

Avetta is a provider of a cloud-based supply chain risk management platform. Avetta connects global organizations across several industries including oil/gas, telecom, construction materials, facilities management, and many others, with qualified and vetted suppliers, contractors, and vendors. Avetta was founded in 2003 and is based in Lehi, Utah.


Deal Context for Buyer #
Overall 1 of 3
Sector: Software 1 of 2
Type: Merger 1 of 1
State: Utah 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Pegasus

Newcastle , Australia

Pegasus is a cloud-based workforce management solution, Pegasus delivers insight, connects networks, and keeps workforces safe on site. Pegasus connects a competent workforce for over 100 clients, verifying the safety and skills of 3.5 million workers from over 70,000 companies for industry leaders including Woolworths, Lendlease, Visy, Aurizon, and Yancoal. Pegasus was founded in 1987 and is based in Newcastle, Australia.

Buy -

Seller Profile 1

SELLER

Long Ridge Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Long Ridge Equity Partners is a private investment firm focused on the financial services sector. The Firm seeks growth capital and special situation investments. Specific areas of interest include financial technology, specialty finance, securities and trading, asset management, payments, and exchanges. Long Ridge was formed in 2007 and is based in New York City.


Deal Context for Seller #
Overall 4 of 13
Sector: Software 1 of 3
Type: Merger 1 of 1
State: Utah 1 of 2
Country: United States 4 of 13
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 ProcessUnity

Concord, Massachusetts, United States

ProcessUnity is a provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk, and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors from initial due diligence and onboarding through termination. ProcessUnity was founded in 2003 and is based in Concord, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 BlueTarp Financial

Portland, Maine, United States

BlueTarp Financial, Inc. delivers customized, branded B2B trade credit programs for enterprise, small and medium-sized merchants across the United States. Based in Portland, Maine, BlueTarp provides merchants with improved cash flow, protection from credit risk, tools to grow sales, and a proprietary tech platform that enhances the customer experience.

Sell -

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