M&A Deal Summary

Kelso Acquires Bridgenext

On February 1, 2024, private equity firm Kelso acquired information technology company Bridgenext

Acquisition Highlights
  • This is Kelso’s 5th transaction in the Information Technology sector.
  • This is Kelso’s 70th transaction in the United States.
  • This is Kelso’s 9th transaction in Florida.

M&A Deal Summary
Date 2024-02-01
Target Bridgenext
Sector Information Technology
Buyer(s) Kelso
Deal Type Buyout (LBO, MBO, MBI)

Target

Bridgenext

Jacksonville, Florida, United States
Bridgenext combines talent and deep expertise across an expansive set of exceptional solutions to help clients realize their digital aspirations in ways that propel their businesses forward. Its global consulting and delivery teams across U.S., Canada and India facilitate highly strategic digital initiatives through digital product engineering, automation, data engineering, and infrastructure modernization services, while elevating brands through digital experience, creative content, and customer data analytics services. Bridgenext is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 81 of 81
Sector (Information Technology) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 30 of 30
State (Florida) 9 of 9
Country (United States) 70 of 70
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Emtec

Jacksonville, Florida, United States

Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.

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Mergr

Product

Company

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