M&A Deal Summary

EZLinks Acquires Distinct Software Solutions

On February 1, 2017, EZLinks acquired software company Distinct Software Solutions from Salt Creek Capital and Midwest Mezzanine Funds

Acquisition Highlights
  • This is EZLinks’ 2nd transaction in the Software sector.
  • This is EZLinks’ 2nd transaction in the United States.
  • This is EZLinks’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-02-01
Target Distinct Software Solutions
Sector Software
Buyer(s) EZLinks
Sellers(s) Salt Creek Capital
Midwest Mezzanine Funds
Deal Type Add-on Acquisition
Advisor(s) Reed & Scardino LLP (Legal)

Target

Distinct Software Solutions

Austin, Texas, United States
Distinct Software Solutions LLC is an online marketing solutions provider to the golf industry.

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Buyer(S) 1

Buyer

EZLinks

Chicago, Illinois, United States

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

EZLinks is a software and service suite tailored for golf and includes: tee sheet, point of sale, 24/7 reservation center, online booking engines, marketing services, 24/7 support. EZLinks was founded in 2015 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 Integrated Business Systems

Richmond, Virginia, United States

IBS Club Software is a software company specializing in golf course point of sale systems.

Buy -

Seller(S) 2

SELLER

Salt Creek Capital

Woodside, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Salt Creek Capital is a private equity firm focused on the lower middle-market. SCC targets growth oriented businesses (organic or through acquisitions) with the potential to lead their respective markets. Prospective companies are generally profitable ($1 million+ of EBITDA) and generate $5 to $150 million of revenue. Sectors of interest include business services, energy services, distribution, franchising, logistics, and specialty finance. Target transaction situations include recapitalizations, successions, growth capital financings, shareholder liquidity needs, MBOs, and divestitures. Salt Creek Capital is based in Woodside, California.


DEAL STATS #
Overall 6 of 20
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 6
State: Texas M&A 1 of 2
Country: United States M&A 5 of 19
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Extranomical Tours

San Francisco, California, United States

Extranomical Tours is a sightseeing and tour company that offers an unrivaled lineup of Northern California tours, including the city of San Francisco, Alcatraz Island, Sausalito, Muir Woods, the Wine Country, Yosemite National Park, Monterey as well as a variety of combo packages that feature multiple destinations. Extranomical Adventures was founded in 2002 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Miracle-Ear

Minneapolis, Minnesota, United States

Miracle-Ear is a distributor of high-quality hearing aids, parts, and accessory products for the hearing impaired under the Miracle-Ear trademark. Safe in Sound Hearing is based in the United States. The company operates out of 16 retail locations throughout Arizona, with exclusive and protected territorial rights to the Miracle-Ear brand across most of the state. Miracle-Ear was founded in 1948 and is based in Minneapolis, Minnesota.

Buy -
SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 36 of 58
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 14 of 25
State: Texas M&A 4 of 5
Country: United States M&A 35 of 57
Year: 2017 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 DCM Services

Bloomington, Minnesota, United States

DCM Services is a provider of tech-enabled estate receivables management solutions and SaaS software to multiple end markets, including financial services, healthcare, utilities, telecom, and others. DCM Services was founded in 1998 and is based in Bloomington, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 LeadingResponse

Tampa, Florida, United States

LeadingResponse is client acquisition and lead generation specialist to professional service firms. LeadingResponse offers technology-enabled, data-driven client acquisition services to professional services end markets. LeadingResponse was founded in 1995 and is based in Tampa, Florida and with operations in Plano, Texas.

Sell -