M&A Deal Summary

GrowthZone Acquires MemberSuite

On September 21, 2023, GrowthZone acquired software company MemberSuite from Arrowroot Capital

Acquisition Highlights
  • This is GrowthZone’s 2nd transaction in the Software sector.
  • This is GrowthZone’s 2nd transaction in the United States.
  • This is GrowthZone’s 1st transaction in Georgia.

M&A Deal Summary

Date 2023-09-21
Target MemberSuite
Sector Software
Buyer(s) GrowthZone
Sellers(s) Arrowroot Capital
Deal Type Add-on Acquisition
Advisor(s) Madison Park Group (Financial)

Target

MemberSuite

Atlanta, Georgia, United States
MemberSuite is the premier software and services provider of cloud-based association management software solutions for associations and nonprofits of all sizes. MemberSuite is exclusively focused on providing organizations with enterprise-level applications that deliver the features, functionality, integration, and support that empowers staff and engages membership. MemberSuite was founded in 2008 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

GrowthZone

Nisswa, Minnesota, United States

Category Company
Founded 1996
Sector Software
DESCRIPTION

GrowthZone is a provider of software and technology solutions for associations and chambers of commerce. GrowthZone helped over 3,000 member-based organizations grow and retain membership, generate revenue, engage and communicate with members and prospects, and streamline their day-to-day operations. GrowthZone was founded in 1996 and is based in Nisswa, Minnesota.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 BuilderFusion

Orem, Utah, United States

BuilderFusion, Inc. is focus on providing innovative, quality software to help associations grow and streamline tasks. BuilderFusion was founded in 2001 and is based in Orem, Utah.

Buy -

Seller(S) 1

SELLER

Arrowroot Capital

Marina Del Rey, California, United States

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Arrowroot Capital is a private investment group focused on making growth capital investments in software-as-a-service and internet-based companies. The Firm looks to invest $5 to $25 million per transaction to support growth initiatives, liquidity for founders/investors, or acquisitions. Prospective companies are generally are b2b, offering mission-critical services. Arrowroot was formed in 2014 and is based in Marina Del Rey, California.


DEAL STATS #
Overall 8 of 12
Sector: Software M&A 3 of 4
Type: Add-on Acquisition M&A Deals 4 of 6
State: Georgia M&A 1 of 1
Country: United States M&A 8 of 12
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 GrowthZone

Nisswa, Minnesota, United States

GrowthZone is a provider of software and technology solutions for associations and chambers of commerce. GrowthZone helped over 3,000 member-based organizations grow and retain membership, generate revenue, engage and communicate with members and prospects, and streamline their day-to-day operations. GrowthZone was founded in 1996 and is based in Nisswa, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 KORE Software

New York, New York, United States

KORE Software is a provider of CRM and business management software for the sports and entertainment industries. KORE Software’s products and services help more than 100 professional sports teams and 450 properties, brands, and agencies worldwide harness valuable customer and partner data to fuel business intelligence and optimize performance. From fan engagement and data warehousing to sponsorship and premium offerings, KORE delivers an integrated suite of applications to drive insights, efficiency, and profitability within sports and entertainment. KORE Software was founded in 2002 and is based in New York, New York.

Sell -