M&A Deal Summary

Clubessential Acquires Black Diamond IT Services

On September 6, 2018, Clubessential acquired internet software and services company Black Diamond IT Services

Acquisition Highlights
  • This is Clubessential’s 4th transaction in the Internet Software and Services sector.
  • This is Clubessential’s 5th transaction in the United States.
  • This is Clubessential’s 1st transaction in Alabama.

M&A Deal Summary

Date 2018-09-06
Target Black Diamond IT Services
Sector Internet Software and Services
Buyer(s) Clubessential
Deal Type Add-on Acquisition

Target

Black Diamond IT Services

Montgomery, Alabama, United States
Black Diamond IT Services, Inc. is a provider of college athletic web sites through their SIDHelp content management platform. Black Diamond IT Services, Inc. was founded in 2017 and is based in Montgomery, Alabama.

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Buyer(S) 1

Buyer

Clubessential

Cincinnati, Ohio, United States

Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

Clubessential provides a full suite of membership and club management solutions to country, golf, city, yacht, and other private clubs. Clubessential was founded in 1998 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 5 of 8
Sector (Internet Software and Services) 4 of 5
Type (Add-on Acquisition) 5 of 8
State (Alabama) 1 of 1
Country (United States) 5 of 7
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Performance IQ

Berwyn, Illinois, United States

Performance IQ is a development of fitness tracking software that delivers high quality, real-time, individual and group fitness results leading to higher member engagement, retention and loyalty. Performance IQ was founded in 2011 and is based in Berwyn, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Vermont Systems

Essex Junction, Vermont, United States

Vermont Systems, Inc. is a provider of recreation management software and services. Vermont Systems has been committed to developing innovative software products for managing recreation and park operations for municipal, county, state and federal military governmental entities. Vermont Systems recreation management platforms provide clients full operational management, payment management and experience management to create consistent community experiences, enhance loyalty with every interaction, and connect all key activities, employees and customers in one place to create efficiencies and make real connections.

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