M&A Deal Summary

Kipu Acquires Avea Solutions

On September 29, 2021, Kipu acquired software company Avea Solutions from Peterson Partners

Acquisition Highlights
  • This is Kipu’s 1st transaction in the Software sector.
  • This is Kipu’s 1st transaction in the United States.
  • This is Kipu’s 1st transaction in Oregon.

M&A Deal Summary
Date 2021-09-29
Target Avea Solutions
Sector Software
Buyer(s) Kipu
Sellers(s) Peterson Partners
Deal Type Add-on Acquisition

Target

Avea Solutions

Portland, Oregon, United States
Avea Solutions provides billing and revenue cycle management software to healthcare providers and billing companies in the addiction treatment space. Avea Solutions was established in 2011 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Kipu

Miami, Florida, United States
Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

Kipu is a provider of platform designed for behavioral health and addiction treatment centers providing multiple levels of care. Kipu was founded in 2012 and is based in Miami, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Oregon) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-06 Hatch Compliance

Charlotte, North Carolina, United States

Hatch Compliance provides a cloud-based compliance management software and consulting services tailored for behavioral health organizations. Hatch Compliance is based in Charlotte, North Carolina.

Buy -

Seller(S) 1

SELLER

Peterson Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peterson Partners is a private equity firm that targets investments in lower middle-market growth companies located in the Western US. Peterson looks to commit between $5 and $25 million of equity in companies generating sales of at least $5 million. Sectors of interest include consumer products and services, business services, and manufacturing. Peterson Partners was formed in 1995 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 29 of 33
Sector (Software) 3 of 3
Type (Add-on Acquisition) 9 of 11
State (Oregon) 1 of 1
Country (United States) 27 of 30
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 My Hearing Centers

Salt Lake City, Utah, United States

My Hearing Centers is a provider of hearing education and hearing care services. My Hearing Centers was established in 2010 and is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Blue Raven Solar

Orem, Utah, United States

Blue Raven Solar provides clean energy solutions to residential customers with no upfront costs and guaranteed savings on their power bill. Blue Raven Solar was established in 2014 and is based in Orem, Utah.

Sell $165M
Mergr

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