M&A Deal Summary

Beeline Acquires IQNavigator

On December 13, 2016, Beeline acquired business services company IQNavigator from GTCR

Acquisition Highlights
  • This is Beeline’s 1st transaction in the Business Services sector.
  • This is Beeline’s 1st transaction in the United States.
  • This is Beeline’s 1st transaction in Colorado.

M&A Deal Summary
Date 2016-12-13
Target IQNavigator
Sector Business Services
Buyer(s) Beeline
Sellers(s) GTCR
Deal Type Merger

Target

IQNavigator

Centennial, Colorado, United States
IQNavigator's corporate headquarters in Centennial, Colorado.
IQNavigator's corporate headquarters in Centennial, Colorado.
IQNavigator is a provider of services procurement and optimization solutions. IQNavigator’s vendor-neutral Managed Service Programs (MSP) and SaaS services procurement platform enables companies to source, procure, manage and measure all categories of indirect services on a global basis. The data and processes available through IQNavigator’s platform allow clients to realize potential cost savings, efficiency gains, improved compliance, faster fulfillment times and better reporting capabilities. IQNavigator was established in 1999 and is based in Centennial, Colorado.

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Buyer(S) 1

Buyer

Beeline

Jacksonville, Florida, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Beeline is an independent provider of cloud solutions for sourcing and managing the complex world of contingent labor that enables companies to increase profitability and flexibility by utilizing an agile mix of employee and non-employee talent. The company's software helps procurement, sourcing, and human resources professionals optimize costs, reduce risks, and add value to their services procurement and contingent workforce programs. It delivers innovative technology, end-to-end global and localized customer engagement services, and value-added capabilities which help many of the world's largest enterprises meet their most critical talent needs. Beeline was formed in 1999 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Ellegro

Schaumburg, Illinois, United States

Ellegro is a developer and provider of eLearning applications that includes interactive tutorials, simulations, video and digital communications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 JoinedUp

London, United Kingdom

JoinedUp creates software for the new world of work. Its cloud-based tools join-up recruiters, workers, and end-hirers in a single platform that makes temporary staffing simple. JoinedUp works with companies to eliminate unnecessary administration resulting in greater efficiencies. JoinedUp is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 58 of 85
Sector (Business Services) 7 of 8
Type (Merger) 2 of 4
State (Colorado) 2 of 3
Country (United States) 56 of 82
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Beeline

Jacksonville, Florida, United States

Beeline is an independent provider of cloud solutions for sourcing and managing the complex world of contingent labor that enables companies to increase profitability and flexibility by utilizing an agile mix of employee and non-employee talent. The company's software helps procurement, sourcing, and human resources professionals optimize costs, reduce risks, and add value to their services procurement and contingent workforce programs. It delivers innovative technology, end-to-end global and localized customer engagement services, and value-added capabilities which help many of the world's largest enterprises meet their most critical talent needs. Beeline was formed in 1999 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Avention Services

Concord, Massachusetts, United States

Avention Services, Inc. is a provider of business information solutions and delivers company, executive, and industry intelligence that make business professionals more effective and productive in completing their critical daily tasks. Avention products and services support a company's vital business processes including serving their customers, finding and leveraging new opportunities, and managing suppliers and partners.

Sell $150M
Mergr

Product

Company

Legal