M&A Deal Summary

Genpac Acquires OnSource

On August 2, 2017, Genpac acquired software company OnSource from Greybull Stewardship

Acquisition Highlights
  • This is Genpac’s 5th transaction in the Software sector.
  • This is Genpac’s 12th transaction in the United States.
  • This is Genpac’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2017-08-02
Target OnSource
Sector Software
Buyer(s) Genpac
Sellers(s) Greybull Stewardship
Deal Type Add-on Acquisition

Target

OnSource

Braintree, Massachusetts, United States
OnSource LLC is a provider of Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers. OnSource LLC was established in 2011 and is based in Braintree, Massachusetts.

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Buyer(S) 1

Buyer

Genpac

Hamilton, Bermuda

Category Company
Founded 1997
Sector Business Services
Employees146,000
Revenue 4.8B USD (2024)
DESCRIPTION

Genpact is a provider of business process outsourcing services. Genpact provides services through a global network of service centers. Genpact was founded in 1997 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 18 of 25
Sector: Software M&A 5 of 7
Type: Add-on Acquisition M&A Deals 17 of 23
State: Massachusetts M&A 2 of 4
Country: United States M&A 12 of 19
Year: 2017 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 BrightClaim

Atlanta, Georgia, United States

BrightClaim LLC is a national provider of outsourced insurance property claims services. BrightClaim provides insurance carriers with a suite of services for managing daily and catastrophe claims, including claims adjusting, TPA services, and contents pricing services. BrightClaim LLC was established in 2004 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 TandemSeven

Plymouth, Massachusetts, United States

TandemSeven is a company that delivers customer and digital experience innovation consulting using design thinking at its core. TandemSeven is based in Plymouth, Massachusetts.

Buy -

Seller(S) 1

DESCRIPTION

Greybull Stewardship is a private investment firm focused on majority or minority investments in small companies. The Firm targets profitable businesses with $500K to $5 million of pre-tax profits. Greybull does not have any sector preferences and will consider opportunities throughout the US. Greybull Stewardship was formed in 2010 and is based in Cody, Wyoming.


DEAL STATS #
Overall 2 of 8
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 7
State: Massachusetts M&A 1 of 2
Country: United States M&A 2 of 8
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 ABC Sports Camps

Sammamish, Washington, United States

ABC Sports Camps, Inc. is an early pioneer in online registration and event management software for sports camps. ABC Sports Camps is used by hundreds of college and university coaches across the country to promote and administer sports camps and provide online registration for campers. The company will be an independent operating company within Togetherwork, with founder, and former Major League Baseball player, Ben Boulware, serving as President.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-02 Lapels Dry Cleaning

Hanover, Massachusetts, United States

Lapels Dry Cleaning store offers a full slate of services, including same-day dry cleaning; shirt service; tailoring; shoe repair; wedding gown preservation; suede and leather processing; box storage and fur storage. Lapels Dry Cleaning has stores in Arizona (Gilbert, Chandler, Phoenix, Scottsdale), California (Gilroy, Hollister), Colorado (Littleton), Connecticut (Cromwell), Florida (Fleming Island, Orange Park, Tampa) Louisiana. Lapels Dry Cleaning was founded in 2000 and is based in Hanover, Massachusetts.

Buy -