M&A Deal Summary

FinThrive Acquires Pelitas

On February 8, 2022, FinThrive acquired software company Pelitas from Tritium Partners

Acquisition Highlights
  • This is FinThrive’s 1st transaction in the Software sector.
  • This is FinThrive’s 3rd transaction in the United States.
  • This is FinThrive’s 1st transaction in Texas.

M&A Deal Summary

Date 2022-02-08
Target Pelitas
Sector Software
Buyer(s) FinThrive
Sellers(s) Tritium Partners
Deal Type Add-on Acquisition

Target

Pelitas

Plano, Texas, United States
Pelitas is a provider of software and solutions to help healthcare providers maximize revenue and reduce inefficiencies throughout the revenue cycle. Pelitas was founded in 2003 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

FinThrive

Plano, Texas, United States

Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

Finthrive is a healthcare revenue management software-as-a-service (SaaS) provider. ???????FinThrive creates integrated technology that adapts with healthcare professionals – freeing them from complexity and inefficiency so they can focus on doing their best work. FinThrive was founded in 1998 and is based in Plano, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 nThrive - Technology Division

Alpharetta, Georgia, United States

nThrive's Technology Division is a healthcare revenue cycle management ("RCM") software-as-a-service ("SaaS") platform. nThrive's Technology Division is based in Alpharetta, Georgia.

Sell -

Seller(S) 1

SELLER

Tritium Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tritium Partners is a private equity firm focused on acquiring profitable, growth-oriented lower middle-market companies. The Firm seeks companies with $2 to $15 million of EBITDA in the internet/information services, supply chain logistics, business services, and financial services sectors. Tritium Partners was formed in 2013 and is based in Austin, Texas.


DEAL STATS #
Overall 11 of 12
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 8
State: Texas M&A 6 of 6
Country: United States M&A 11 of 12
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 PublicRelay

Tysons Corner, Virginia, United States

PublicRelay turns language into insight as a trusted media analytics solution for many of the world's largest brands and companies. The company's clients confidently use its media analyses to plan and measure influencer engagement, reputation management, the competitive landscape, and message pull-through all while tying them back to key business objectives. Known for continual innovation, superior data quality, and actionable insights, It delivers accurate answers to the most pressing strategic business questions surrounding media. PublicRelay was formed in 2008 and is based in Tysons Corner, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 Fexy Media

Mercer Island, Washington, United States

Fexy Media is a digital food platform connecting millions of home cooks to grocers, brands, and recipe publishers. Fexy Media was founded in 2014 and is based in Mercer Island, Washington.

Sell -