M&A Deal Summary

IFS Acquires EmpowerMX

On July 10, 2024, IFS acquired internet software and services company EmpowerMX from Argentum Capital Partners

Acquisition Highlights
  • This is IFS’s 5th transaction in the Internet Software and Services sector.
  • This is IFS’s 6th transaction in the United States.
  • This is IFS’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-07-10
Target EmpowerMX
Sector Internet Software and Services
Buyer(s) IFS
Sellers(s) Argentum Capital Partners
Deal Type Add-on Acquisition

Target

EmpowerMX

Frisco, Texas, United States
EmpowerMX provides cloud-based software-as-a-service (SaaS) solutions used to manage, plan, execute, and optimize aircraft maintenance, repair, and overhaul. The company’s FleetCycle software suite, is being used by many of the world’s largest commercial airlines and MROs to reduce maintenance costs and lower aircraft maintenance turn-around times (TAT) by eliminating unproductive processes, supporting higher workforce utilization, digitizing traditionally paper-based and manual processes, and providing real-time visibility into task completion. EmpowerMX was established in 1999 and is based in Frisco, Texas.

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Buyer(S) 1

Buyer

IFS

Linköping, Sweden

Category Company
Founded 1983
Sector Software
Employees3,700
DESCRIPTION

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers—at the Moment of Service. IFS was founded in 1983 and is based in Linköping, Sweden.


DEAL STATS #
Overall 18 of 19
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 16 of 17
State (Texas) 1 of 1
Country (United States) 6 of 6
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-31 Falkonry

Cupertino, California, United States

Falkonry is an AI software platform for time series data, enabling industrial organizations to improve operational productivity, reduce risk, and put an end to unplanned downtime. Falkonry was founded in 2012 and is based in Cupertino, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 Copperleaf Technologies

Vancouver, British Columbia, Canada

Copperleaf Technologies provides enterprise decision analytics software solutions for organizations managing critical infrastructure. Copperleaf Technologies is based in Vancouver, British Columbia.

Buy CA$1.0B

Seller(S) 1

SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 44 of 44
Sector (Internet Software and Services) 7 of 7
Type (Add-on Acquisition) 31 of 31
State (Texas) 1 of 1
Country (United States) 42 of 42
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Orion Labs

San Francisco, California, United States

Orion Labs is a secure and encrypted global platform for instant voice communication for people and machines, on any device, over any network, over any distance, without boundaries. Orion’s platform provides a heads-up and eyes-free interface that enables people to communicate and do things with the power of their voice. Orion Labs was formed in 2013 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 L2 Aviation

Dripping Springs, Texas, United States

L2 Aviation is a provider of global avionics services including engineering, certification, installation, fleet modernization, and manufacturing. L2 Aviation is based in Dripping Springs, Texas.

Buy -