M&A Deal Summary

Digital Alpha Acquires Unitas Global

On April 18, 2022, private equity firm Digital Alpha acquired internet software and services company Unitas Global from Boathouse Capital

Acquisition Highlights
  • This is Digital Alpha’s 7th transaction in the Internet Software and Services sector.
  • This is Digital Alpha’s 11th transaction in the United States.
  • This is Digital Alpha’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-04-18
Target Unitas Global
Sector Internet Software and Services
Buyer(s) Digital Alpha
Sellers(s) Boathouse Capital
Deal Type Secondary Buyout

Target

Unitas Global

Chicago, Illinois, United States
Unitas Global is a provider of enterprise cloud solutions providing clients with custom, highly secure, and dedicated cloud-based IT environments that are easy to consume, fully managed, and backed by an end-to-end SLA, guaranteeing application uptime. Unitas Global was founded in 2009 and is based in Chicago, Illinois.

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Buyer(S) 1

DESCRIPTION

Digital Alpha is an alternative investor focused on digital infrastructure. The Firm seeks growth opportunities with a specific interest in next generation networks, the cloud, and the Internet of Things. Digital Alpha was founded in 2017 and is based in Henderson, Nevada.


DEAL STATS #
Overall 13 of 15
Sector (Internet Software and Services) 7 of 7
Type (Secondary Buyout) 3 of 3
State (Illinois) 1 of 1
Country (United States) 11 of 13
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 DTiQ

Framingham, Massachusetts, United States

DTiQ is a provider of video surveillance solutions, loss prevention, and business intelligence solutions to the quick-serve restaurant, hospitality, and retail industries. DTiQ was founded in 1998 and is based in Framingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 UKCloud

Hampshire, United Kingdom

UKCloud is a provider of cloud solutions for the exclusive use of UK public sector organizations. The company is dedicated to helping customers gain value from the agility and cost savings of using a sovereign, assured cloud platform. UKCloud was founded in 2011 and is based in Hampshire, United Kingdom.

Sell -

Seller(S) 1

SELLER

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 19 of 22
Sector (Internet Software and Services) 2 of 3
Type (Secondary Buyout) 4 of 6
State (Illinois) 3 of 3
Country (United States) 19 of 22
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Cardinality.ai

Gaithersburg, Maryland, United States

Cardinality.ai is a software and service provider which has developed the ‘Perception’ data ingestion and analytics platform to allow its customers to run, manage and derive value from datasets in real time and at scale. Cardinality.ai was founded in 2017 and is based in Gaithersburg, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 SolomonEdwards

Wayne, Pennsylvania, United States

SolomonEdwards is a professional services firm that combines business consulting and accounting services such as internal audit, regulatory compliance, risk management, systems integration, and business process improvement with staffing and resource management. SolomonEdwards was founded in 1999 and is based in Wayne, Pennsylvania.

Sell -