M&A Deal Summary

Centre Lane Partners Acquires Turning Technologies

On January 2, 2019, private equity firm Centre Lane Partners acquired software company Turning Technologies from Brockway Moran & Partners

Acquisition Highlights
  • This is Centre Lane Partners’ 2nd transaction in the Software sector.
  • This is Centre Lane Partners’ 13th transaction in the United States.
  • This is Centre Lane Partners’ 3rd transaction in Ohio.

M&A Deal Summary
Date 2019-01-02
Target Turning Technologies
Sector Software
Buyer(s) Centre Lane Partners
Sellers(s) Brockway Moran & Partners
Deal Type Secondary Buyout

Target

Turning Technologies

Youngstown, Ohio, United States
Turning Technologies LLC develops interactive response systems utilizing software and hardware tools available and transforms them into state of the art applications for audience response. Turning's flagship products, the TurningPoint Software and ResponseCard (Keypads), integrate with Microsoft's PowerPoint software, providing the most advanced combination of knowledge and technology currently available in the field of audience and student assessment. Turning Technologies was founded in 2002 and is based in Youngstown, Ohio.

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Buyer(S) 1

Buyer

Centre Lane Partners

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 14 of 17
Sector (Software) 2 of 2
Type (Secondary Buyout) 5 of 6
State (Ohio) 3 of 3
Country (United States) 13 of 16
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 Infobase Learning

New York, New York, United States

Infobase Learning is a cloud-based subscription provider of digital educational content solutions to colleges and universities, K-12 schools, public libraries and enterprises. Product formats include books, eBooks, online databases, eLearning Modules, videos, and digital products under such well-known names as Facts On File, Films for the Humanities & Sciences, Cambridge Educational, Chelsea House, Bloom's Literary Criticism, World Almanac, and Ferguson Publishing. With thousands of titles and numerous award winners, Infobase provides students, librarians, and educators with authoritative, reliable resources supporting the curriculum across a wide variety of subject areas˜from history, science, and literature to careers, health, and social issues.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Merit Distribution

Spartanburg, South Carolina, United States

Merit Distribution is a full-line distributor of painting and flooring installation sundries. Merit, through its Lancaster and E.J. Welch brands, provides just-in-time delivery to retailers and installers of sundries, tools, and products used for painting and flooring installation. Merit Distribution is based in Spartanburg, South Carolina.

Sell -

Seller(S) 1

SELLER

Brockway Moran & Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Brockway Moran's headquarters in Boca Raton, Florida.
Brockway Moran's headquarters in Boca Raton, Florida.

Brockway Moran is a private equity firm that targets investments in privately held businesses, small cap public companies or subsidiaries and divisions of larger enterprises. The firm prefers profitable businesses with margins of at least 10%. Industries of interest include consumer products/services, industrial manufacturing, business services, health and fitness, healthcare, and value-added distribution. Brockway's geographic scope is within the US. Brockway seeks to invest between $15 and $100 million of equity capital in growth-oriented businesses valued between $50 and $250 million. Brockway Moran is based in Boca Raton, Florida.

DEAL STATS #
Overall 15 of 16
Sector (Software) 1 of 1
Type (Secondary Buyout) 10 of 10
State (Ohio) 2 of 2
Country (United States) 15 of 16
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 MD Now Urgent Care

West Palm Beach, Florida, United States

MD Now Urgent Care offers a patient-friendly and differentiated healthcare alternative by providing high-quality, convenient, timely, and affordable medical treatment for non-life-threatening injuries and illnesses 8 am-8 pm, 365 days per year, annually serving hundreds of thousands of patients with exemplary satisfaction ratings. MD Now Urgent Care was founded in 2005 and is based in West Palm Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Pacific Crane & Hoist

Brea, California, United States

Pacific Crane & Hoist is a material handling engineering company that provides a variety of overhead material handling solutions, including Overhead Bridge Cranes, Monorail Systems, Gantry Cranes, Free Standing Runway Structures, Wire Rope & Chain Hoists, Engineering / Design Services and Installation & Maintenance available. Pacific Crane & Hoist was founded in 2007 and is based in Brea, California.

Sell -
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