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  6. Bertram Capital Acquires Spireon

M&A Deal Summary

Bertram Capital Acquires Spireon

On February 1, 2011, private equity firm Bertram Capital acquired internet software and services company Spireon

Acquisition Highlights
  • This is Bertram Capital’s 1st transaction in the Internet Software and Services sector.
  • This is Bertram Capital’s 8th transaction in the United States.
  • This is Bertram Capital’s 1st transaction in Tennessee.
Investment Fate
  • Spireon was sold to a consortium of financial buyers in 2018.
  • Spireon was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2011-02-01
Target Spireon
Sector Internet Software and Services
Buyer(s) Bertram Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Spireon

Knoxville, Tennessee, United States
Spireon is a connected vehicle intelligence company, providing businesses and consumers with powerful insights to track, manage and protect their most valuable mobile assets. Spireon was founded in 2002 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $20 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.

DEAL STATS #
Overall 9 of 47
Sector: Internet Software and Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 14
State: Tennessee M&A 1 of 1
Country: United States M&A 8 of 44
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Nordson Extrusion Dies Industries

Chippewa Falls, Wisconsin, United States

Nordson Extrusion Dies Industries LLC is a designer and supplier of flat extrusion dies, coextrusion feed blocks, and slot die coating heads for plastic processors and Web converters across various industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-12 Power Distribution

Richmond, Virginia, United States

Power Distribution, Inc. is a designer and manufacturer of power distribution equipment for the North America data center market. Power Distribution produces power distribution units, static transfer switches, remote power panels, power conditioning units, medium and low voltage transformers and patented power monitors used mainly in data centre and alternative energy applications. Power Distribution was established in 1978 and is based in Richmond, Virginia.

Sell $235M
Mergr

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