M&A Deal Summary

IBM Acquires Accelalpha

On September 9, 2024, IBM acquired information technology company Accelalpha from Century Park Capital Partners, Graycliff Partners and ORIX Private Equity Solutions

Acquisition Highlights
  • This is IBM’s 44th transaction in the Information Technology sector.
  • This is IBM’s 141st transaction in the United States.
  • This is IBM’s 4th transaction in Washington.

M&A Deal Summary
Date 2024-09-09
Target Accelalpha
Sector Information Technology
Buyer(s) IBM
Sellers(s) Century Park Capital Partners
Graycliff Partners
ORIX Private Equity Solutions
Deal Type Add-on Acquisition

Target

Accelalpha

Bellevue, Washington, United States
Accelalpha is a business and IT consulting services firm that provides services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 197 of 198
Sector (Information Technology) 44 of 44
Type (Add-on Acquisition) 174 of 175
State (Washington) 4 of 4
Country (United States) 141 of 142
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 HashiCorp

San Francisco, California, United States

HashiCorp provides multi-cloud infrastructure automation solutions worldwide. The company offers Terraform, an infrastructure provisioning product that applies an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; and Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data. HashiCorp was founded in 2012 and is based in San Francisco, California.

Buy $6.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-17 Kubecost

San Francisco, California, United States

Kubecost is a cost-monitoring and optimization software company. Kubecost was founded in 2019 and is based in San Francisco, California.

Buy -

Seller(S) 3

SELLER

Century Park Capital Partners

El Segundo, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Century Park Capital Partners (CPCP) is a private equity firm that partners with owners and managers to build companies. The Firm targets businesses generating sales of $20 to $100 million and EBITDA of $3 to $15 million. Century Park Capital specializes in facilitating owner liquidity and business expansion through minority and majority recapitalizations, growth financings, management led buyouts, and acquisition financings. CPCP looks to invest $10 to $40 million per transaction. Areas of interest include consumer products, food, education, business services, test/measurement equipment, medical components, pet supplies, packaging, automotive, chemicals, and third party logistics. CPCP was formed in 2000 and is based in Los Angeles with an additional office in Menlo Park, California.

DEAL STATS #
Overall 16 of 16
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Washington) 1 of 1
Country (United States) 16 of 16
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 Total Access Elevator

Santa Fe Springs, California, United States

Total Access Elevator is an independent provider of commercial elevator modernization, maintenance, and repair services. Total Access Elevator is based in Santa Fe Springs, California.

Buy -
SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 36 of 37
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Washington) 1 of 1
Country (United States) 33 of 34
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 Diamond Chemical

East Rutherford, New Jersey, United States

Diamond Chemical manufactures cleaning and sanitation chemicals serving hospitality, food service, commercial laundry, and other end-markets. Diamond produces both organic intermediates and finished products for laundering, housekeeping, warewash, floor care, sanitizing, and pool care. Diamond Chemical was formed in 1930 and is headquartered in East Rutherford, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-19 Landmark Structures

Fort Worth, Texas, United States

Landmark Structures is a specialty engineering, contracting company and manufacturer that designs, fabricates, installs, and services elevated water storage tanks. Landmark Structures was founded in 1974 and is based in Fort Worth, Texas.

Sell -
SELLER

ORIX Private Equity Solutions

Investor

Category Mezzanine Finance Firm
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.

DEAL STATS #
Overall 21 of 21
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (Washington) 2 of 2
Country (United States) 19 of 19
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Datavail

Broomfield, Colorado, United States

Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Broomfield, Colorado.

Sell -
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