M&A Deal Summary

Equifax Acquires Midigator

On July 26, 2022, Equifax acquired information technology company Midigator from LLR Partners

Acquisition Highlights
  • This is Equifax’s 3rd transaction in the Information Technology sector.
  • This is Equifax’s 28th transaction in the United States.
  • This is Equifax’s 1st transaction in Utah.

M&A Deal Summary

Date 2022-07-26
Target Midigator
Sector Information Technology
Buyer(s) Equifax
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

Midigator

American Fork, Utah, United States
Midigator is a fully-automated software platform to prevent, analyze and manage payment card chargebacks. Midigator was founded in 2013 and is based in American Fork, Utah.

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Buyer(S) 1

Buyer

Equifax

Atlanta, Georgia, United States

Category Company
Founded 1899
Sector Information Services
Employees15,000
Revenue 5.3B USD (2023)
DESCRIPTION
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.
Entrance to Equifax's corporate headquarters in Atlanta, Georgia.

Equifax is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. Equifax has a large and diversified group of clients, including financial institutions, corporations, governments and individuals. Equifax's products and services are based on comprehensive databases of consumer and business information derived from numerous types of credit, financial assets, telecommunications and utility payment, employment, income, public record, demographic and marketing data. Equifax was incorporated in 1899 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 36 of 38
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 32 of 33
State (Utah) 1 of 1
Country (United States) 28 of 28
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 LawLogix

Phoenix, Arizona, United States

LawLogix is a provider of software as a service (“SaaS”) solutions and data migration services to law firms, employers, and non-profit organizations. The Company provides immigration case management, electronic I-9 compliance, and E-Verify solutions with a focus on engineering excellence, stellar customer service and support, and thorough legal analysis. LawLogix is based in 2000 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 The Food Industry Credit Bureau

Montreal, Quebec, Canada

The Food Industry Credit Bureau is partnership with over 1,000 companies, such as food and beverage service providers, meat and poultry processing, and distribution to provide up-to-date credit data on over 200,000 businesses.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 68 of 76
Sector (Information Technology) 14 of 16
Type (Add-on Acquisition) 42 of 47
State (Utah) 1 of 1
Country (United States) 67 of 75
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Physicians Immediate Care

Rockford, Illinois, United States

Physicians Immediate Care is an operator of urgent care, occupational medicine, physical therapy and employer services such as physicals and drug screening. Physicians Immediate Care was founded in 1987 and is based in Rockford, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 LS Direct

Suffern, New York, United States

LS Direct provides marketing solutions to retail and direct-to-consumer brands. The Company primarily helps brands realize superior lead conversion and ROI through programmatic direct mail and data services. LS Direct was founded in 1997 and is based in Suffern, New York.

Buy -