M&A Deal Summary

Bounteous Acquires Accolite Digital

On February 1, 2024, Bounteous acquired information technology company Accolite Digital from New Mountain Capital

Acquisition Highlights
  • This is Bounteous’ 4th transaction in the Information Technology sector.
  • This is Bounteous’ 5th transaction in the United States.
  • This is Bounteous’ 1st transaction in Texas.

M&A Deal Summary

Date 2024-02-01
Target Accolite Digital
Sector Information Technology
Buyer(s) Bounteous
Sellers(s) New Mountain Capital
Deal Type Merger

Target

Accolite Digital

Addison, Texas, United States
Accolite Digital is a provider of cloud and digital product engineering services across the banking and financial services, technology, healthcare, communications and media, and logistics industries. Accolite helps its customers successfully navigate their digital transformation journeys by providing digital product engineering, cloud services, data engineering, DevOps, customer experience, and design services. Accolite Digital was founded in 2007 and is based in Addison, Texas.

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Buyer(S) 1

Buyer

Bounteous

Chicago, Illinois, United States

Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

Bounteous is a digital experience consultancy that co-innovates with the world’s most ambitious brands to create transformative digital experiences. Bounteous elevates brand experiences and drives superior client outcomes with services in Strategy, Experience Design, Technology, Analytics, and Marketing. Bounteous was formed in 2003 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 4 of 4
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Hathway

San Luis Obispo, California, United States

Hathway is a digital growth partner specializing in content, commerce, and loyalty solutions for restaurant, retail, and convenience store brands. The firm applies data-driven strategies, disruptive digital experiences, and modern marketing practices to deepen the consumer-brand connection, helping clients drive measurable business impact. Born mobile and rooted in software design, Hathway thrives at the intersection of data, human behavior, and technology. Hathway was formed in 2009 and is based in San Luis Obispo, California.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 45 of 53
Sector: Information Technology M&A 9 of 11
Type: Merger M&A Deals 6 of 7
State: Texas M&A 2 of 2
Country: United States M&A 42 of 50
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Covaris

Woburn, Massachusetts, United States

Covaris develops, manufactures, and markets instruments, consumables, and reagents used in pre-analytical sample preparation for genomic and proteomic analysis to help accelerate the pace of research and life science innovations. Covaris is based in Woburn, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Grant Thornton

Chicago, Illinois, United States

Grant Thornton is an accounting, tax and management-consulting firm focused on mid-sized US-based businesses. Grant Thornton was founded in 1924 and is based in Chicago, Illinois.

Buy -