Add-on Acquisition • Internet Software and Services

LightEdge Solutions Acquires Connectria

On April 2, 2024, LightEdge Solutions acquired internet software and services company Connectria from Bregal Sagemount

Acquisition Context
  • This is LightEdge Solutions’ 2nd transaction in the Internet Software and Services sector.
  • This is LightEdge Solutions’ 4th transaction in the United States.
  • This is LightEdge Solutions’ 1st transaction in Missouri.

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M&A Deal Summary

Date April 2, 2024
Target Connectria
Sector Internet Software and Services
Buyer(s) LightEdge Solutions
Sellers(s) Bregal Sagemount
Deal Type Add-on Acquisition

Target Company

Connectria

St. Louis, Missouri, United States
Connectria is a provider of cloud hosting, cloud-managed services, cloud security, and cloud management software. Connectria was founded in 1996 and is based in St. Louis, Missouri.
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Buyer Overview 1

Buyer

LightEdge Solutions

Des Moines, Iowa, United States

Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

LightEdge Solutions is an IT service management company and provider of compliant hosting, cloud computing, data protection, and colocation services. LightEdge Solutions was founded in 1996 and is based in Des Moines, Iowa.


Deal Context for Buyer #
Overall 4 of 4
Sector: Internet Software and Services 2 of 2
Type: Add-on Acquisition 4 of 4
State: Missouri 1 of 1
Country: United States 4 of 4
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 NFINIT

San Diego, California, United States

NFINIT provides co-location and managed services to enterprises and information technology businesses in the Western United States. Serving hundreds of customers from our home base in San Diego, NFINIT fulfills clients’ technology roadmap with best-in-breed solutions and expert, consultative support. NFINIT was founded in 1989 and is based in San Diego, California.

Buy -

Seller Profile 1

SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


Deal Context for Seller #
Overall 36 of 39
Sector: Internet Software and Services 6 of 6
Type: Add-on Acquisition 16 of 16
State: Missouri 1 of 1
Country: United States 33 of 36
Year: 2024 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Sparkle Express

Martinez, Georgia, United States

Sparkle Express is a provider of car wash services. Sparkle Express was founded in 1987 and is based in Martinez, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Buyers Edge Platform

Waltham, Massachusetts, United States

Buyers Edge Platform is a provider of procurement software, group purchasing, and data analytics to the food service industry. Buyers Edge Platform was founded in 2018 and is based in Waltham, Massachusetts.

Sell -