M&A Deal Summary

DRB Acquires Washify

On March 24, 2021, DRB acquired software company Washify from Ambina Partners

Acquisition Highlights
  • This is DRB’s 2nd transaction in the Software sector.
  • This is DRB’s 2nd transaction in the United States.
  • This is DRB’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-03-24
Target Washify
Sector Software
Buyer(s) DRB
Sellers(s) Ambina Partners
Deal Type Add-on Acquisition

Target

Washify

West Roxbury, Massachusetts, United States
Washify provider of point-of-sale and marketing solutions. Washify's cutting-edge software and hardware products empower car washes to better attract and service customers while growing their businesses and increasing profits. Washify was founded in 2012 and is based in West Roxbury, Massachusetts.

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Buyer(S) 1

Buyer

DRB

Akron, Ohio, United States

Category Company
Founded 1984
Sector Software
DESCRIPTION

DRB is a provider of tech-enabled devices and software solutions to the car wash industry. DRB Systems offers tech-enabled devices, software, and expert support to help car wash operators run their car wash, manage their daily performance, and grow their business. DRB was founded in 1984 and is based in Akron, OH.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 NoPileups

United States

NoPileups LLC is a provider of an advance software computer vision and machine learning technology to assist in preventing vehicle collisions in car washes by constantly monitoring car wash tunnels and stopping the conveyor when collision threats are detected.

Buy -

Seller(S) 1

DESCRIPTION

Ambina Partners is a private equity firm focused on growth equity and debt investments in middle-market, US-based companies. The Firm looks to commit $40 to $100 million per transaction and seeks to partner with companies in the enterprise software, financial service, insurance, and technology-enabled sectors. Ambina Partners is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 3 of 4
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-23 Inside Real Estate

Murray, Utah, United States

Inside Real Estate provides residential real estate brokers and agents with a cloud-based software platform and marketing solution to help brokers intelligently engage prospective home buyers and sellers, dramatically simplify the buying and selling processes and uses analytics to identify specific actions for improving performance. Inside Real Estate is based in Murray, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Navusoft

Houston, Texas, United States

Navusoft is a software as a service (SaaS) company developing an ERP and CRM management software for companies providing waste collection and waste products recycling services in North America. From sales to service, billing, and invoicing, Navusoft covers the entire customer lifecycle in a single system. Navusoft was founded in 2014 and is based in Houston, Texas.

Buy -