M&A Deal Summary

Edgewater Capital Partners Acquires Ascent

On January 18, 2024, private equity firm Edgewater Capital Partners acquired information technology company Ascent

Acquisition Highlights
  • This is Edgewater Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Edgewater Capital Partners’ 29th transaction in the United States.
  • This is Edgewater Capital Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2024-01-18
Target Ascent
Sector Information Technology
Buyer(s) Edgewater Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Ascent

Chicago, Illinois, United States
Ascent is a provider of compliance automation solutions, leveraging artificial intelligence to streamline regulatory processes for financial services firms. It is dedicated to empowering organizations to more effectively navigate the complex landscape of regulatory compliance to reduce risk, streamline operations, and manage costs. Ascent is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 30 of 30
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 15 of 15
State (Illinois) 1 of 1
Country (United States) 29 of 29
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 NeoGraf Solutions

Lakewood, Ohio, United States

NeoGraf Solutions is a developer and manufacturer of high-quality flexible natural and synthetic graphite, powders, and flakes used in thermal management, fire resistance, and other applications. NeoGraf provides mission-critical products that are used for heat dissipation, heat spreading, or utilized as a fire retardant additive to materials due to thinness, flexibility, low weight, and high conductivity characteristics. NeoGraf Solutions was founded in 1881 and is based in Lakewood, Ohio.

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