M&A Deal Summary

Clubessential Acquires ClubReady

On January 22, 2018, Clubessential acquired internet software and services company ClubReady from Level Equity Management

Acquisition Highlights
  • This is Clubessential’s 2nd transaction in the Internet Software and Services sector.
  • This is Clubessential’s 2nd transaction in the United States.
  • This is Clubessential’s 1st transaction in Missouri.

M&A Deal Summary
Date 2018-01-22
Target ClubReady
Sector Internet Software and Services
Buyer(s) Clubessential
Sellers(s) Level Equity Management
Deal Type Add-on Acquisition

Target

ClubReady

St. Louis, Missouri, United States
ClubReady LLC is a provider of Software as a Service (SaaS), payments solutions and professional services to over 2,200 fitness clubs and studios. ClubReady LLC was established in 2007 and is based in St. Louis, Missouri.

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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 2 of 8
Sector (Internet Software and Services) 2 of 5
Type (Add-on Acquisition) 2 of 8
State (Missouri) 1 of 1
Country (United States) 2 of 7
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 PrestoSports

Rockville, Maryland, United States

PrestoSports, Inc. is a provider of “software-as-a-service” (SaaS) technology to colleges and conference offices used for designing, building and maintaining official athletic websites, sports statistics, sports camp management and live event broadcasting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Stretch Internet

Gilbert, Arizona, United States

Stretch Internet pioneered the development and deployment of streaming video technology that delivers high quality, real-time, immersive video broadcasts of more than 70,000 live college sports events a year.

Buy -

Seller(S) 1

SELLER

Level Equity Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 4 of 17
Sector (Internet Software and Services) 3 of 11
Type (Add-on Acquisition) 2 of 9
State (Missouri) 1 of 1
Country (United States) 4 of 16
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Net Health

Pittsburgh, Pennsylvania, United States

Net Health is a provider of software solutions for specialized outpatient care. Net Health offers EHR solutions serve five medical specialty markets and offer clients an end-to-end solution that includes practice management tools, clinical workflow documentation, revenue cycle management, expert coaching, and analytics. Net Health was established in 1993 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Stack

Cincinnati, Ohio, United States

Stack provides SaaS-based takeoff and estimation software for the construction industry. Stack was founded in 2010 and is based in Cincinnati, Ohio.

Buy -
Mergr

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