M&A Deal Summary

Avetta Acquires Pegasus

On May 6, 2021, Avetta acquired internet software and services company Pegasus

Acquisition Highlights
  • This is Avetta’s 1st transaction in the Internet Software and Services sector.
  • This is Avetta’s 1st transaction in Australia.

M&A Deal Summary
Date 2021-05-06
Target Pegasus
Sector Internet Software and Services
Buyer(s) Avetta
Deal Type Add-on Acquisition

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 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 STATS #
Overall 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Australia) 1 of 2
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Pegasus

Newcastle, Australia

Pegasus is a software as a service company that connects a competent workforce. Pegasus connects workers, contractors, and assets in real-time on nearly 2,500 worksites for companies including Woolworths, BHP, Visy, Lendlease, Aurizon, and Ausgrid. Pegasus was founded in 1998 and is based in Newcastle, Australia.

Buy -
Mergr

Product

Company

Legal