M&A Deal Summary

BlueCrest Acquires BCC Software

On December 22, 2020, BlueCrest acquired software company BCC Software from Thompson Street Capital Partners and Fidus Investment

Acquisition Highlights
  • This is BlueCrest’s 1st transaction in the Software sector.
  • This is BlueCrest’s 1st transaction in the United States.
  • This is BlueCrest’s 1st transaction in New York.

M&A Deal Summary

Date 2020-12-22
Target BCC Software
Sector Software
Buyer(s) BlueCrest
Sellers(s) Thompson Street Capital Partners
Fidus Investment
Deal Type Add-on Acquisition

Target

BCC Software

Rochester, New York, United States
BCC Software LLC is a provider of software and data solutions designed to enhance direct mail processing and facilitate efficient, cost-effective multi-channel marketing. The company provides USPS®-certified mail preparation software with integrated functionality to correct address data, perform matching and consolidation, and to sequence mailing lists for postal discounts, through on-premise, cloud-based and API solutions. BCC Software was founded in 1978 and is based in Rochester, New York.

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Buyer(S) 1

Buyer

BlueCrest

Danbury, Connecticut, United States

Category Company
Founded 2018
Sector Machinery
Revenue 270M USD (2017)
DESCRIPTION

BlueCrest is a global provider of inserting, sorting, and printing related equipment primarily for the transactional and direct mail industries. BlueCrest was formed in 2018 and is based in Danbury, Connecticut.


DEAL STATS #
Overall 1 of 3
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Fluence Automation

Arlington Heights, Illinois, United States

Fluence Automation LLC provides mail and parcel sorting systems/hardware and related software and service revenue associated with the hardware as well as assets that will be leveraged for growth opportunities in the material handling and e-Commerce fulfillment markets. Fluence Automation is based in Arlington Heights, Illinois.

Buy -

Seller(S) 2

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 32 of 47
Sector (Software) 5 of 8
Type (Add-on Acquisition) 17 of 24
State (New York) 4 of 6
Country (United States) 32 of 47
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 ControlScan

Alpharetta, Georgia, United States

ControlScan is a provider in managed security and compliance solutions that help secure networks and protect payment card data. ControlScan was founded in 2005 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Made4net

Hackensack, New Jersey, United States

Made4net is a provider of Warehouse Management System (WMS) and end-to-end supply chain execution software. Made4net provides best-in-class cloud-based and on-prem supply chain execution and warehouse management software for organizations of all sizes to improve the speed and efficiency of their supply chain. Made4net was founded in 2005 and is based in Hackensack, New Jersey.

Buy -
DESCRIPTION

Fidus Investment Corp. is a business development company that looks to provide financing solutions for small to mid-sized companies with $10 to $150 million in revenue. Fidus looks to invest mezzanine debt, senior secured debt and equity in businesses with proven business models, leading market positions, high free cash flow, and strong management teams. Industries of interest include business services, industrial products, value-added distribution, healthcare products/services, consumer products, consumer services, aerospace/defense, energy services, transportation, government IT, and niche manufacturing. Fidus Investment Corp. is based in Evanston, Illinois.


DEAL STATS #
Overall 6 of 10
Sector (Software) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (New York) 1 of 2
Country (United States) 6 of 10
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Hoonuit

Minneapolis, Minnesota, United States

Hoonuit LLC provides educators with the tools needed to make informed, impactful action. Through solutions that provide intuitive analytics and personalized professional development, Hoonuit fuels teacher, staff and student success. Hoonuit LLC was founded in 2000 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Garlock Printing & Converting

Gardner, Massachusetts, United States

Garlock Printing & Converting is a full-service flexible packaging converter that provides solutions for a wide variety of food, consumer and industrial applications. Garlock Printing & Converting was founded in 1987 and is based in Gardner, Massachusetts.

Buy -