M&A Deal Summary

GrowthFire and Alpine Investors Acquire Great Bay Software

On June 1, 2013, private equity firms GrowthFire and Alpine Investors acquired software company Great Bay Software

Acquisition Highlights
  • This is GrowthFire’s 1st and Alpine Investors’ 2nd transaction in the Software sector.
  • This is GrowthFire’s 1st and Alpine Investors’ 18th transaction in the United States.
  • This is GrowthFire’s 1st and Alpine Investors’ 2nd transaction in Minnesota.
Investment Fate
  • Great Bay Software was sold to a strategic buyer in 2019.

M&A Deal Summary

Date 2013-06-01
Target Great Bay Software
Sector Software
Buyer(s) GrowthFire
Alpine Investors
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Redwood Capital Group LLC (Financial)

Target

Great Bay Software

Bloomington, Minnesota, United States
Great Bay Software, Inc. is a provider of software specializing in Enterprise Endpoint discovery, profiling, management, and support. Great Bay Software was founded in 2004 and is based in Bloomington, Minnesota.

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Buyer(S) 2

DESCRIPTION

GrowthFire LLC is a private investment firm focused on the emerging stage software and services sector. The Firm looks to invest in companies with revenues of $5 to $25million and EBITDA greater than $1 to $2 million. Prospective transaction types include management buyouts and growth financings. GrowthFire is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Great Bay Software

Bloomington, Minnesota, United States

Great Bay Software, Inc. is a provider of software specializing in Enterprise Endpoint discovery, profiling, management, and support. Great Bay Software was founded in 2004 and is based in Bloomington, Minnesota.

Sell -
Buyer

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 18.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 18 of 47
Sector: Software M&A 2 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 20
State: Minnesota M&A 2 of 2
Country: United States M&A 18 of 47
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Ingenio

San Francisco, California, United States

Ingenio is a peer-to-peer e-commerce marketplace, connecting customers and advisors through its proprietary web and telephony technology platform. Ingenio was founded in 1999 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-27 Beneco

Scottsdale, Arizona, United States

Beneco is a provider of retirement, health, and ancillary benefit solutions. Beneco specializes in serving contractors throughout the United States who perform projects under the Federal Davis Bacon Act and Service Contract Act, which subject the contractors to municipal, city, and state prevailing wage laws, regulations and requirements. Beneco was founded in 1987 and is based in Scottsdale, Arizona.

Buy -