M&A Deal Summary |
|
|---|---|
| Date | 2025-10-06 |
| Target | Sterling Brokers |
| Sector | Business Services |
| Buyer(s) | HGGC |
| Sellers(s) | True Wind Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | BMO Capital Markets (Financial) Mintz Levin Cohn Ferris Glovsky and Popeo (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 8.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HGGC focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 52 |
| Sector: Business Services M&A | 8 of 8 |
| Type: Secondary Buyout M&A Deals | 15 of 15 |
| State: Ontario M&A | 4 of 4 |
| Country: Canada M&A | 5 of 5 |
| Year: 2025 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-10-06 |
Sterling
East York, Ontario, Canada Sterling provides a comprehensive suite of group benefits solutions to Canadian and multinational corporations through its proprietary tech platform, which integrates with HRIS and payroll systems to seamlessly connect employers and insurance carriers. Its differentiated model combines high-touch client service with tech-enabled benefits administration capabilities, simplifying plan management and expanding access to insurance products from top Canadian carriers. Sterling was formed in 2014 and is based in East York, Ontario. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2015 |
| PE ASSETS | 560M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
True Wind Capital Management LLC is a private investment firm focused on technology companies. True Wind pursues a variety of transaction types across all company stages, including management buyouts, growth financings, stake purchases, and venture. True Wind Capital Management was formed in 2015 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Business Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 2 of 2 |
| State: Ontario M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-08 |
AIA Contract Documents
Washington, District of Columbia, United States AIA Contract Documents is a provider of customizable legal contracts. AIA Contract Documents has been the gold standard of legal documents and a thought leader within the construction industry for over 130 years. AIA Contract Documents was founded in 1888 and is based in Washington, District of Columbia. |
Sell | - |
