Investment Summary

Echelon Wealth Partners Invests In SOVRA

On May 4, 2020, Echelon Wealth Partners invested in internet software and services company SOVRA

Investment Highlights
  • This is Echelon Wealth Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Echelon Wealth Partners’ 1st transaction in Canada.
  • This is Echelon Wealth Partners’ 1st transaction in Quebec.
Investment Fate
  • SOVRA was sold to a consortium of buyers in 2024 for 255M CAD.

Investment Summary

Date 2020-05-04
Target SOVRA
Sector Internet Software and Services
Investor(s) Echelon Wealth Partners
Deal Type Stake Purchase

Target

SOVRA

Longueuil, Quebec, Canada
SOVRA enables the flow of commerce by providing a broad set of software-as-a-service (SaaS) solutions that optimize and accelerate commercial interactions between buyers and sellers. The company's platforms and services empower businesses around the world, allowing them to generate billions of dollars in transactions on an annual basis. SOVRA was founded in 1996 and is based in Longueuil, Quebec.

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Investor(S) 1

Investor

Echelon Wealth Partners

Toronto, Ontario, Canada

Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

Echelon Wealth Partners is an independently owned and operated wealth management and capital markets firm. Echelon Wealth Partners was founded in 2010 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 SOVRA

Longueuil, Quebec, Canada

SOVRA enables the flow of commerce by providing a broad set of software-as-a-service (SaaS) solutions that optimize and accelerate commercial interactions between buyers and sellers. The company's platforms and services empower businesses around the world, allowing them to generate billions of dollars in transactions on an annual basis. SOVRA was founded in 1996 and is based in Longueuil, Quebec.

Sell CA$255M