Investment Summary

CenterGate Capital Invests In Soroc Technology

On December 21, 2020, private equity firm CenterGate Capital invested in information technology company Soroc Technology

Investment Highlights
  • This is CenterGate Capital’s 1st transaction in the Information Technology sector.
  • This is CenterGate Capital’s 1st transaction in Canada.
  • This is CenterGate Capital’s 1st transaction in Ontario.
Investment Fate
  • Soroc Technology was sold to a strategic buyer in 2024.

Investment Summary
Date 2020-12-21
Target Soroc Technology
Sector Information Technology
Investor(s) CenterGate Capital
Deal Type Growth Capital

Target

Soroc Technology

Woodbridge, Ontario, Canada
Soroc Technology is a full-service IT firm that provides end-to-end IT infrastructure lifecycle services, including on-site and help desk support, procurement and deployment, professional services, recruiting, and business continuity and disaster recovery services. Soroc Technology is based in Woodbridge, Ontario.

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Investor(S) 1

Investor

CenterGate Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 740M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CenterGate Capital is a private equity firm focused on improving and growing lower middle market companies. The Firm looks to partner with companies generating $20 to $250 million in revenues. Sectors of interest include business services, industrials, energy services, consumer, and healthcare services. Prospective transaction situations include buyouts, divestitures, recapitalizations, shareholder liquidity needs, and restructurings. CenterGate Capital was founded in 2014 and is based in Austin, Texas.

DEAL STATS #
Overall 7 of 15
Sector (Information Technology) 1 of 1
Type (Growth Capital) 3 of 8
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Mulch & Soil

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Mulch & Soil is a producer and distributor of mulches, premium planting and potting soils, decorative bark, other ground cover products, and complimentary landscape products and supplies in the Florida market. TM&SC operates four manufacturing and distribution facilities, which serve a diverse mix of lawn and garden retailers, commercial landscapers, and mulch installers. Mulch & Soil was founded in 2018 and is based in Fort Myers, Florida.

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Mergr

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