M&A Deal Summary

Genstar Capital Acquires ConnectiveRx

On October 4, 2016, private equity firm Genstar Capital acquired information technology company ConnectiveRx

Acquisition Highlights
  • This is Genstar Capital’s 3rd transaction in the Information Technology sector.
  • This is Genstar Capital’s 55th transaction in the United States.
  • This is Genstar Capital’s 2nd transaction in New Jersey.
Investment Fate
  • ConnectiveRx was recapitalized in 2020.

M&A Deal Summary
Date 2016-10-04
Target ConnectiveRx
Sector Information Technology
Buyer(s) Genstar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ConnectiveRx

Whippany, New Jersey, United States
ConnectiveRx is a provider of outsourced commercialization services to over 140 drug manufacturers. The Company works as a strategic partner to pharmaceutical brand teams, offering solutions that improve patient affordability, access, and adherence to traditional and specialty prescription medications. ConnectiveRx was founded in 2005 and is based in Whippany, New Jersey.

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Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 60 of 109
Sector (Information Technology) 3 of 9
Type (Buyout (LBO, MBO, MBI)) 23 of 26
State (New Jersey) 2 of 3
Country (United States) 55 of 101
Year (2016) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Daxko

Birmingham, Alabama, United States

Daxko provides SaaS solutions to organizations including YMCA/YWCAs, JCCs, health clubs, wellness centers and recreation facilities. The Company’s products help more than 1,200 organizations manage their scheduling and daily operations, member management and engagement, accounting, event registration, payment services, and mobile applications. Daxko was founded in 1998 and is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 AmWINS

Charlotte, North Carolina, United States

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

Buy -
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