M&A Deal Summary

ECI Software Solutions Acquires Davisware

On April 15, 2025, ECI Software Solutions acquired software company Davisware from Serent Capital

Acquisition Highlights
  • This is ECI Software Solutions’ 17th transaction in the Software sector.
  • This is ECI Software Solutions’ 18th transaction in the United States.
  • This is ECI Software Solutions’ 1st transaction in Illinois.

M&A Deal Summary

Date 2025-04-15
Target Davisware
Sector Software
Buyer(s) ECI Software Solutions
Sellers(s) Serent Capital
Deal Type Add-on Acquisition

Target

Davisware

Woodstock, Illinois, United States
Davisware is a provider of ERP software for field services businesses, contractors and OEMs across a variety of end markets including food equipment service, petroleum contracting, commercial HVAC, and other specialty trades. Davisware was founded in 1988 and is based in Woodstock, Illinois.

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Buyer(S) 1

Buyer

ECI Software Solutions

Fort Worth, Texas, United States

Category Company
Founded 1998
Sector Software
DESCRIPTION

ECI Software Solutions is a provider of industry-specific business software solutions and services, focusing on cloud-based technologies. ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. ECI Software Solutions was founded in 1998 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 25 of 25
Sector: Software M&A 17 of 17
Type: Add-on Acquisition M&A Deals 24 of 24
State: Illinois M&A 1 of 1
Country: United States M&A 18 of 18
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 ProfitKey

Salem, New Hampshire, United States

ProfitKey provides manufacturing ERP (Enterprise Resource Planning) software for small to mid sized companies who are looking to increase efficiency; specifically, in the areas of shop floor scheduling, communications, inventory management, labor reporting, cost tracking, and more. ProfitKey is based in Salem, New Hampshire.

Buy -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 28 of 31
Sector: Software M&A 12 of 13
Type: Add-on Acquisition M&A Deals 24 of 24
State: Illinois M&A 2 of 2
Country: United States M&A 26 of 29
Year: 2025 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-18 Casino Cash Trac

Tulsa, Oklahoma, United States

Casino Cash Trac is a provider of enterprise software solutions for casino operations and revenue audit automation. Casino Cash Trac was founded in 2012 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-22 PlotBox

Ballymena, United Kingdom

PlotBox is a cloud-based deathcare management solution that helps cemeteries, crematories, and funeral homes excel. PlotBox is headquartered in Ballymena, Ireland.

Buy -