M&A Deal Summary

Dash Solutions Acquires WorkStride

On July 12, 2022, Dash Solutions acquired software company WorkStride from Riverside

Acquisition Highlights
  • This is Dash Solutions’ 1st transaction in the Software sector.
  • This is Dash Solutions’ 2nd transaction in the United States.
  • This is Dash Solutions’ 1st transaction in New York.

M&A Deal Summary

Date 2022-07-12
Target WorkStride
Sector Software
Buyer(s) Dash Solutions
Sellers(s) Riverside
Deal Type Add-on Acquisition

Target

WorkStride

New York, New York, United States
WorkStride is a facilitator of incentive, recognition and wellness programs. WorkStride provides a software platform that allows clients to administer, manage and track their programs to drive ROI. Using their proprietary universal gift card reward, participants in WorkStrides’ programs can select from hundreds of retailers and millions of products. WorkStride is based in New York city.

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Buyer(S) 1

Buyer

Dash Solutions

Birmingham, Alabama, United States

Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Dash Solutions provides electronic payment solutions including payroll, expense, gift, reward and incentive card products to employers, financial institutions, and government agencies. Dash Solutions was founded in 1998 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-20 Karmic Labs - dash Business

San Francisco, California, United States

Karmic Labs’ dash business is a purchasing card portfolio and expense management solution.

Buy -

Seller(S) 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 182 of 208
Sector: Software M&A 10 of 16
Type: Add-on Acquisition M&A Deals 79 of 87
State: New York M&A 9 of 9
Country: United States M&A 128 of 147
Year: 2022 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Abracon

Bee Cave, Texas, United States

Abracon is a manufacturer of frequency control, signal conditioning, clock distribution and magnetic components. Abracon offers a wide selection of Quartz Timing Crystals, Crystal and MEMS Oscillators, Real Time Clocks, Antennas, Bluetooth Modules, Ceramic Resonators, SAW Filters and Resonators, Inductors, Transformers, Circuit Protection Components and Wireless RF Antennas. Abracon was founded in 1992 and is based in Bee Cave, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Parker Food Group

Fort Worth, Texas, United States

Parker Food Group is a manufacturer of custom specialty ingredients used by a wide array of well-known food & beverage companies. Parker’s product offerings include toppings, inclusions, grinds, flavor bases, icings, swirls, and other innovative items. It has built a strong and loyal following thanks to its proven R&D team, flexibility, and capabilities to quickly deliver unique offerings using clean-label, natural, and organic ingredients. Parker Food Group was founded in 1926 and is based in Fort Worth, Texas.

Sell -