M&A Deal Summary

ICONIQ Capital Acquires Truckstop

On April 3, 2019, growth capital firm ICONIQ Capital acquired information technology company Truckstop from Bregal Sagemount

Acquisition Highlights
  • This is ICONIQ Capital’s 6th transaction in the Information Technology sector.
  • This is ICONIQ Capital’s 33rd transaction in the United States.
  • This is ICONIQ Capital’s 1st transaction in Idaho.

M&A Deal Summary

Date 2019-04-03
Target Truckstop
Sector Information Technology
Buyer(s) ICONIQ Capital
Sellers(s) Bregal Sagemount
Deal Type Secondary Buyout
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)

Target

Truckstop

New Plymouth, Idaho, United States
Truckstop is a provider of end-to-end technology solutions throughout the freight execution lifecycle in North America. Truckstop has grown to be the largest freight matching marketplace in the industry. Truckstop was founded in 1995 and is based in New Plymouth, Idaho.

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Buyer(S) 1

Buyer

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION


DEAL STATS #
Overall 36 of 91
Sector (Information Technology) 6 of 14
Type (Secondary Buyout) 1 of 1
State (Idaho) 1 of 1
Country (United States) 33 of 80
Year (2019) 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Chime

San Francisco, California, United States

Chime is a financial technology company providing digital consumer banking. Chime’s business was built on the principle of protecting members and helping them get ahead. Chime was founded in 2013 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 People.ai

San Francisco, California, United States

People.ai delivers ROI (Revenue Operations and Intelligence) platform by using patented AI technology, The company transforms business activity data into recommendations that increase the impact of Sales, Marketing, and Operations. Companies such as Zoom, New Relic, and PTC rely on People.ai to increase marketing ROI and grow revenue. People.ai was formed in 2016 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 25 of 37
Sector (Information Technology) 10 of 13
Type (Secondary Buyout) 14 of 18
State (Idaho) 1 of 1
Country (United States) 24 of 34
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 Single Digits

Bedford, New Hampshire, United States

Single Digits is a provider of high-speed internet access (HSIA) management and support solutions, guest management software and technical support services. Single Digits was founded in 2003 and is based in Bedford, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 IRTH Solutions

Columbus, Ohio, United States

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio.

Sell -