M&A Deal Summary

ePlus Acquires Bailiwick

On August 20, 2024, ePlus acquired information technology company Bailiwick from Norwest Equity Partners

Acquisition Highlights
  • This is ePlus’ 15th transaction in the Information Technology sector.
  • This is ePlus’ 17th transaction in the United States.
  • This is ePlus’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2024-08-20
Target Bailiwick
Sector Information Technology
Buyer(s) ePlus
Sellers(s) Norwest Equity Partners
Deal Type Add-on Acquisition

Target

Bailiwick

Chaska, Minnesota, United States
Bailiwick specializes in serving enterprise customers that operate large store, branch, and campus footprints predominantly in the retail, financial services, restaurant, and hospitality vertical markets. Bailiwick was founded in 1995 and is based in Chaska, Minnesota.

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Buyer(S) 1

Buyer

ePlus

Herndon, Virginia, United States

Category Company
Founded 1990
Sector Internet Software and Services
Employees2,291
Revenue 2.2B USD (2024)
DESCRIPTION
Entrance to ePlus' corporate headquarters in Herndon, Virginia.
Entrance to ePlus' corporate headquarters in Herndon, Virginia.

ePlus is a provider of Web-based e-procurement, asset management, financing solutions and eContent management and outsourcing. ePlus was incorporated in 1990 and is based in Herndon, Virginia.


DEAL STATS #
Overall 17 of 17
Sector: Information Technology M&A 15 of 15
Type: Add-on Acquisition M&A Deals 16 of 16
State: Minnesota M&A 1 of 1
Country: United States M&A 17 of 17
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 Peak

Denver, Colorado, United States

Peak is a provider of technology solutions and services, specializing in data center, cloud, storage, networking, and managed services. The company offers technical expertise across the contemporary data center landscape, including traditional (on-prem), cloud, hybrid, converged, and hyper-converged architectures. It offers hardware, software, support, and consulting services to top enterprises, small and medium businesses, and healthcare, government, and educational entities. Peak was formed in 1991 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $75 to $175 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 55 of 56
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 20 of 20
State: Minnesota M&A 13 of 13
Country: United States M&A 53 of 54
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 MDC Interior Solutions

Glendale Heights, Illinois, United States

MDC Interior Solutions is a provider of vertical interior surfaces. The Company’s products include vinyl, textile and specialty wall coverings, decorative panels, acoustical solutions, digitally printed surfaces and specialty paints. MDC Interior Solutions was established in 1974 and is based in Glendale Heights, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-01 Institute for Integrative Nutrition

Newark, Ohio, United States

Institute for Integrative Nutrition is a professional health coaching certification program providing a global learning experience through its innovative online learning platform for approximately 100,000 students and graduates in over 150 countries worldwide. Institute for Integrative Nutrition was founded in 1992 and is based in Newark, Ohio.

Sell -