Investment Summary

Harbert Mezzanine Capital and Black Lake Capital Invest In Trapp Technology

On August 21, 2019, mezzanine finance firm Harbert Mezzanine Capital and private equity firm Black Lake Capital invested in information technology company Trapp Technology

Investment Highlights
  • This is Harbert Mezzanine Capital’s 5th and Black Lake Capital’s 3rd transaction in the Information Technology sector.
  • This is Harbert Mezzanine Capital’s 23rd and Black Lake Capital’s 3rd transaction in the United States.
  • This is Harbert Mezzanine Capital’s 2nd and Black Lake Capital’s 1st transaction in Arizona.

Investment Summary

Date 2019-08-21
Target Trapp Technology
Sector Information Technology
Investor(s) Harbert Mezzanine Capital
Black Lake Capital
Deal Type Venture

Target

Trapp Technology

Phoenix, Arizona, United States
Trapp Technology is a full-scale technology company that provides enterprise-level private cloud, redundant blended bandwidth Internet, professional IT and managed services, Voice over IP, disaster recovery, and hardware to mainstream small, medium, and large organizations and data centers worldwide at an affordable price. Trapp Technology was founded in 2007 and is based in Phoenix, Arizona.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

DESCRIPTION

Harbert Mezzanine Capital is the junior capital investment arm of asset manager Harbert Management Corporation. Harbert Mezzanine looks to invest $3 to $15 million of subordinated debt to support growth needs, acquisitions, recapitalizations, or management buyouts of mid-sized companies throughout the US. Harbert Mezzanine Capital is based in Nashville, Tennessee.


DEAL STATS #
Overall 23 of 28
Sector: Information Technology M&A 5 of 7
Type: Venture M&A Deals 1 of 1
State: Arizona M&A 2 of 2
Country: United States M&A 23 of 28
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 Direct Shot Distributing

Franklin, Indiana, United States

Direct Shot Distributing, Inc. is a third party logistics (3PL) service provider offering omnichannel solutions to a diverse group of clients. Direct Shot Distributing, Inc. was founded in 2011 and is based in Franklin, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Omicron Media

Winter Park, Florida, United States

Omicron Media Provides software and hosting services. Omicron Media was founded in 2002 and is based in Winter Park, Florida.

Buy -
DESCRIPTION

Black Lake Capital is a private investment firm focused on acquiring lower middle-market companies in the business and financial services, technology, and value-added industrials sectors. The Firm targets profitable ($2 to $12 million of cash flow) companies with a minimum of $8 million in revenue. Black Lake will consider opportunities throughout the US and Canada and has a preference for businesses with strong management in place and leading their respective markets. Black Lake Capital was formed in 2013 and is headquartered in Evergreen, Colorado.


DEAL STATS #
Overall 3 of 5
Sector: Information Technology M&A 3 of 4
Type: Venture M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 A5

Pleasanton, California, United States

A5 is an operator of SI and Digital Transformation company that guides businesses through their Digital Transformation journey with a focus on Campaign-to-Cash. A5 Corp. Specializing in the implementation and support of Configure-Price-Quote, Sales Force Automation, Sales Performance Management, Master Data Management, and Enterprise Resource Planning software systems. A5 was founded in 2010 and is based in Pleasanton, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 Spinnaker SCA

Denver, Colorado, United States

Spinnaker SCA designs and builds agile supply chains for brands across Consumer Staples, high-tech, Industrial Manufacturing, Retail & Apparel, Medical Devices, and Distribution Industries. Spinnaker SCA was founded in 2002 and is based in Denver, Colorado.

Buy -