Add-on Acquisition • Software

Inhabit IQ Acquires ResMan

On August 27, 2021, Inhabit IQ acquired software company ResMan from Mainsail Partners

Acquisition Context
  • This is Inhabit IQ’s 1st transaction in the Software sector.
  • This is Inhabit IQ’s 1st transaction in the United States.
  • This is Inhabit IQ’s 1st transaction in Texas.

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M&A Deal Summary

Date August 27, 2021
Target ResMan
Sector Software
Buyer(s) Inhabit IQ
Sellers(s) Mainsail Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target Company

ResMan

Plano, Texas, United States
ResMan is a property management software solution in the multifamily industry. ResMan’s Multifamily Solution Suite provides a highly intuitive solution to meet both operational and accounting needs for the multifamily owner/operator. ResMan was founded in 2000 and is based in Plano, Texas.
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Buyer Overview 1

Buyer

Inhabit IQ

Knoxville, Tennessee, United States

Category Company
Founded 2016
Sector Software
DESCRIPTION

Inhabit IQ is a collective of tech-forward products serving the residential, commercial and vacation rental management industries. The company provides end-to-end solutions for property management companies in the multifamily, single family residential, student housing, affordable housing, and commercial markets, serving more than 5 million units and customers. Inhabit IQ is a suite of in-class SaaS solutions that includes accounting, CRM, rent payment processing, background screening, and renters insurance software products. Inhabit IQ was founded in 2016 and is based in Knoxville, Tennessee.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2003
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco, California.


Deal Context for Seller #
Overall 20 of 29
Sector: Software 7 of 8
Type: Add-on Acquisition 14 of 19
State: Texas 2 of 3
Country: United States 20 of 29
Year: 2021 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Centerbase

Dallas, Texas, United States

Centerbase is a legal practice management software company. Centerbase’s cloud-based platform is highly configurable and includes native accounting, billing, timekeeping, matter management, document management, client communication tools, and reporting, allowing mid-sized law firms to streamline daily tasks and manage firm operations. Centerbase was founded in 2014 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Brilliant Earth

San Francisco, California, United States

Brilliant Earth is a retailer of Beyond Conflict Free diamonds and ethically sourced fine jewelry. Brilliant Earth sells custom-designed and vintage jewelry directly to customers through its website and showrooms in San Francisco and Los Angeles. Brilliant Earth was founded in 2005 and is based in San Francisco, California.

Sell -