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  6. Cloud Sherpas Acquires Innoveer Solutions

M&A Deal Summary

Cloud Sherpas Acquires Innoveer Solutions

On January 15, 2013, Cloud Sherpas acquired marketing company Innoveer Solutions from Citizens Capital

Acquisition Highlights
  • This is Cloud Sherpas’ 1st transaction in the Marketing sector.
  • This is Cloud Sherpas’ 2nd transaction in the United States.
  • This is Cloud Sherpas’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2013-01-15
Target Innoveer Solutions
Sector Marketing
Buyer(s) Cloud Sherpas
Sellers(s) Citizens Capital
Deal Type Add-on Acquisition

Target

Innoveer Solutions

Boston, Massachusetts, United States
Innoveer Solutions, Inc. provides a range of services, including discovery and planning, CRM technology selection, business process improvements, implementation, change management and support focused on enterprise businesses in the Life Sciences, Insurance, Financial Services and Manufacturing sectors, among others.

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Buyer(S) 1

Buyer

Cloud Sherpas

Atlanta, Georgia, United States
Category Company
Founded 2007
Sector Information Technology
DESCRIPTION

Cloud Sherpas LLC operates as a cloud services brokerages.

DEAL STATS #
Overall 2 of 2
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 GlobalOne Group

New York, New York, United States

GlobalOne is highly-respected for its CRM expertise and well-known for its vertical solutions.

Buy -

Seller(S) 1

SELLER

Citizens Capital

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Citizens Capital is the private equity affiliate of Citizens Financial and provides both mezzanine and equity capital to later-stage privately-held companies in the US. Citizens looks to commit $3 to $15 million in subordinated debt transactions and $1 to $3 million for growth equity needs. Target sectors include manufacturing, consumer products, distribution, and service-based industries. The Firm's investment horizon is five to seven years. Citizens Capital is based in Boston, Massachusetts.

DEAL STATS #
Overall 8 of 11
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 8
State: Massachusetts M&A 4 of 5
Country: United States M&A 8 of 11
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 Premix

North Kingsville, Ohio, United States

Premix, Inc. a manufacturer of thermoset composite molding compounds and custom molded composite products for the electrical, appliance, business equipment, sanitary, lighting, aerospace, and transportation markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 AeroSat

Amherst, New Hampshire, United States

AeroSat Corp. develops, produces and distributes wireless communications solutions. Created from its patented core technologies, AeroSat's product line of antennae for corporate and commercial aircraft enable the worldwide reception of television in aircraft, two-way satellite communications, and aircraft-to-aircraft communications.

Sell $12M
Mergr

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