M&A Deal Summary

Deltek Acquires Avitru

On January 3, 2019, Deltek acquired software company Avitru from Alpine Investors

Acquisition Highlights
  • This is Deltek’s 7th transaction in the Software sector.
  • This is Deltek’s 7th transaction in the United States.
  • This is Deltek’s 1st transaction in Virginia.

M&A Deal Summary

Date 2019-01-03
Target Avitru
Sector Software
Buyer(s) Deltek
Sellers(s) Alpine Investors
Deal Type Add-on Acquisition

Target

Avitru

Alexandria, Virginia, United States
Avitru empowers architects, engineers, contractors, and owners to make better, faster decisions. As the exclusive developer of AIA MasterSpec®, AVITRU has leveraged its position in the market to enable the collaborative exchange of expert knowledge to design, build, and operate a better-built environment. The AVITRU team is committed to constructing a world where better building leads to better lives.

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Buyer(S) 1

Buyer

Deltek

Herndon, Virginia, United States

Category Company
Sector Software
DESCRIPTION
Deltek's corporate headquarters in Herndon, Virginia.
Deltek's corporate headquarters in Herndon, Virginia.

Deltek, Inc. is a provider of enterprise applications software designed specifically for project-focused businesses. The Company's software applications enables organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek is based in Herndon, Virginia.


DEAL STATS #
Overall 11 of 16
Sector: Software M&A 7 of 10
Type: Add-on Acquisition M&A Deals 11 of 16
State: Virginia M&A 1 of 1
Country: United States M&A 7 of 11
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Onvia

Seattle, Washington, United States

Onvia, Inc. is a provider in sales intelligence and acceleration for businesses selling to the public sector. Onvia provides enterprise, mid-market and small business customers with the most comprehensive set of federal, state and local government contracting leads. Onvia, Inc. was founded in 1996 and is headquartered in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-12 ComputerEase Construction Software

Cincinnati, Ohio, United States

ComputerEase Construction Software is a developer of cloud-based integrated construction accounting, project management and field-to-office solutions for contractors. ComputerEase Construction Software was founded in 1983 and is based in Cincinnati, Ohio.

Buy -

Seller(S) 1

SELLER

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 18.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 11 of 25
Sector: Software M&A 1 of 7
Type: Add-on Acquisition M&A Deals 6 of 13
State: Virginia M&A 1 of 2
Country: United States M&A 11 of 25
Year: 2019 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Vionic Group

San Rafael, California, United States

Vionic Group LLC is a privately held global company offering product development, research, marketing and distribution of branded footwear, footbeds and educational workshops. Vionic was formed in 1979 and is based in San Rafael, California.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Health Plus Management

Uniondale, New York, United States

Health Plus Management is a provider of physician-owned practices with an effective administrative solution for outsourcing non-medical, front and back office operations. Services include site selection and buildout, front and back office management, marketing, human resources support, technology and reporting. Health Plus Management was founded in 1994 and is based in Uniondale, New York.

Sell -