M&A Deal Summary

EverCommerce Acquires Service Fusion

On December 4, 2020, EverCommerce acquired internet software and services company Service Fusion from Five Elms Capital

Acquisition Highlights
  • This is EverCommerce’s 3rd transaction in the Internet Software and Services sector.
  • This is EverCommerce’s 2nd transaction in the United States.
  • This is EverCommerce’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-12-04
Target Service Fusion
Sector Internet Software and Services
Buyer(s) EverCommerce
Sellers(s) Five Elms Capital
Deal Type Add-on Acquisition

Target

Service Fusion

Irving, Texas, United States
Service Fusion is a provider of field management solutions for home service providers that combine lightning-fast work order entry, intelligent scheduling and dispatching, instant invoicing, integrated payments, and advanced reporting with real-time communication via field worker and customer mobile applications. FSM Technologies was founded in 2014 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

EverCommerce

Denver, Colorado, United States

Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

EverCommerce is a service commerce platform, connecting best-of-breed marketing, business management, and customer retention technology solutions for more than 200,000 service sector organizations across the globe. EverCommerce provides comprehensive solutions for businesses in the high-growth Home & Field Service, Health Service, and Fitness & Wellness industries. EverCommerce was founded in 2016 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 9
Sector: Internet Software and Services M&A 3 of 5
Type: Add-on Acquisition M&A Deals 4 of 9
State: Texas M&A 1 of 2
Country: United States M&A 2 of 6
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 My PT Hub

Burgess Hill, United Kingdom

My PT Hub is provider of personal training and fitness engagement platform for trainers and fitness clubs. My PT Hub was founded in 2015 and is based in Burgess Hill, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Briostack

Lehi, Utah, United States

Briostack is a provider of pest control software designed to optimize scheduling, billing, collection, marketing, and reporting. Briostack is based in Lehi, Utah.

Buy -

Seller(S) 1

SELLER

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing in and partnering with founder-owned bootstrapped business services companies. The Firm will consider providing growth capital or to support shareholder liquidity needs. The Firm typically looks to invest $15 to $150 million of equity capital per transaction. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 9 of 18
Sector: Internet Software and Services M&A 4 of 8
Type: Add-on Acquisition M&A Deals 6 of 13
State: Texas M&A 1 of 1
Country: United States M&A 8 of 15
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-21 SelectQuote

Overland Park, Kansas, United States

SelectQuote is a term life insurance sales company that offers auto and home insurance. The company offers engagement points for consumers across insurance, Medicare, pharmacy, and value-based care, and now has three core business lines: SelectQuote Senior, SelectQuote Healthcare Services, and SelectQuote Life. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a Patient-Centered Pharmacy Home (PCPH) accredited pharmacy, SelectPatient Management, a provider of chronic care management services, and Healthcare Select which proactively connects consumers with a wide breadth of healthcare services supporting their needs. SelectQuote was founded in 1985 and is based in Overland Park, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Panopta

Chicago, Illinois, United States

Panopta LLC is a SaaS platform that provides full-stack visibility and automated management of the health of an enterprise network, including servers, network devices, containers, applications, databases, virtual appliances, and cloud infrastructure. Panopta was founded in 2007 and is based in Chicago, Illinois.

Sell -