M&A Deal Summary

Court Square Capital Partners Acquires Velosio

On March 7, 2024, private equity firm Court Square Capital Partners acquired information technology company Velosio from Harren Equity Partners

Acquisition Highlights
  • This is Court Square Capital Partners’ 10th transaction in the Information Technology sector.
  • This is Court Square Capital Partners’ 57th transaction in the United States.
  • This is Court Square Capital Partners’ 2nd transaction in Ohio.

M&A Deal Summary

Date 2024-03-07
Target Velosio
Sector Information Technology
Buyer(s) Court Square Capital Partners
Sellers(s) Harren Equity Partners
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)

Target

Velosio

Dublin, Ohio, United States
Velosio delivers fresh ideas and unmatched know-how for cloud, ERP, CRM, business intelligence, office automation, and other business solutions. Velosio was founded in 1991 and is based in Dublin, Ohio.

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Buyer(S) 1

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 60 of 60
Sector (Information Technology) 10 of 10
Type (Secondary Buyout) 30 of 30
State (Ohio) 2 of 2
Country (United States) 57 of 57
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Chauvet

Davie, Florida, United States

Chauvet is a developer and marketer of branded entertainment and architectural lighting products, trussing, controllers and related equipment used in applications ranging from DJ, club, corporate events, hospitality venues, and houses of worship, to more demanding settings including concert tours, theaters, television and “architainment.” Chauvet was founded in 1990 and is based in Davie, Florida.

Buy -

Seller(S) 1

SELLER

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.


DEAL STATS #
Overall 22 of 23
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 8 of 8
State (Ohio) 1 of 1
Country (United States) 22 of 23
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Core States

Duluth, Georgia, United States

Core States provides architectural, design, engineering, program rollout services, and signage solutions to a diverse set of multi-national, blue-chip clients operating in a variety of end markets. Core States supports multi-site expansion, remodeling, and renovation programs across North America. Core States was founded in 1999 and is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Virginia Tile

Sterling Heights, Michigan, United States

Virginia Tile is an independent distributor of ceramic, porcelain, and natural stone tile. Virginia Tile was founded in 1928 and is based in Sterling Heights, Michigan.

Sell -