M&A Deal Summary

Inoapps Acquires Tier1

On October 11, 2022, Inoapps acquired information technology company Tier1 from Tecum Capital

Acquisition Highlights
  • This is Inoapps’ 1st transaction in the Information Technology sector.
  • This is Inoapps’ 1st transaction in the United States.
  • This is Inoapps’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2022-10-11
Target Tier1
Sector Information Technology
Buyer(s) Inoapps
Sellers(s) Tecum Capital
Deal Type Add-on Acquisition

Target

Tier1

Warrendale, Pennsylvania, United States
Tier1 is a technology services firm focused on the delivery of enterprise resource planning software consulting and implementation, cloud migration and hosting, and managed services. The Company’s offerings are focused on Oracle Corporation’s applications, including E-Business Suite and Hyperion. Tier1 serves a variety of customers including manufacturers, health care providers, educational institutions, and non-profits in Pennsylvania and around the country. Tier1 was established in 2003 and is based in Warrendale, Pennsylvania.

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Buyer(S) 1

Buyer

Inoapps

Aberdeen, United Kingdom

Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

Inoapps is a provider of consulting, implementation and hosting, and managed services for Oracle applications, technology, and hardware. Inoapps was founded in 2006 and is based in Aberdeen, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 21 of 25
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 9
State: Pennsylvania M&A 12 of 12
Country: United States M&A 21 of 25
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Keystone Foam

Derry, Pennsylvania, United States

Keystone Foam is a fabricator of various foam products and applications that serve the medical, packaging, furniture, and other industries. Keystone Foam was founded in 1983 and is based in Derry, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 TiniFiber

Lindenhurs, New York, United States

TiniFiber is a fiber optic assembly and custom cable manufacturer that capitalizes on the strong long-term FTTx trends by demonstrating the superior value of its product to customers across the country. Its products are smaller, stronger, and lighter than those of the competition, resulting in substantial savings to contractors and end users via reduced labor and transportation costs. TiniFiber was founded in 2010 and is based in Lindenhurs, New York.

Buy -