Add-on Acquisition • Internet Software and Services

LightEdge Solutions Acquires OnRamp Access

On January 1, 2018, LightEdge Solutions acquired internet software and services company OnRamp Access from Housatonic Partners and Balance Point Capital Partners

Acquisition Context
  • This is LightEdge Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is LightEdge Solutions’ 1st transaction in the United States.
  • This is LightEdge Solutions’ 1st transaction in Texas.

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M&A Deal Summary

Date January 1, 2018
Target OnRamp Access
Sector Internet Software and Services
Buyer(s) LightEdge Solutions
Sellers(s) Housatonic Partners
Balance Point Capital Partners
Deal Type Add-on Acquisition

Target Company

OnRamp Access

Austin, Texas, United States
OnRamp Access is a provider of Internet operations support and data center services in the Central Texas market. OnRamp Access was founded in 1994 and is based in Austin, Texas.
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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 1 of 4
Sector: Internet Software and Services 1 of 2
Type: Add-on Acquisition 1 of 4
State: Texas 1 of 1
Country: United States 1 of 4
Year: 2018 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Cavern Technologies

Lenexa, Kansas, United States

Cavern Technologies is a provider of customized private data center suites and network/cloud connectivity solutions that enable enterprise clients' hybrid-IT ecosystems. The company is designed to meet the specialized power, cooling, security, and connectivity requirements companies need to support their mission-critical business processes. Cavern holds several certifications, including SSAE 18 SOC 1 Type 2, SOC 2 Type 2, PCI and HIPAA. It provides clients with a value proposition focused on minimizing the total cost of ownership of their data center, interconnection and hybrid-IT needs. Cavern Technologies was formed in 2007 and is based in Lenexa, Kansas.

Buy -

Seller Profiles 2

SELLER

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


Deal Context for Seller #
Overall 39 of 44
Sector: Internet Software and Services 2 of 3
Type: Add-on Acquisition 17 of 20
State: Texas 3 of 3
Country: United States 38 of 42
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 ProService Hawaii

Honolulu, Hawaii, United States

ProService Hawaii provides HR solutions & also provides bundled solutions include configured HR technology, payroll, scheduling, HR consultations, health benefits management, administrative & risk management, workers’ compensation, 401(k), and regulatory compliance. ProService Hawaii was founded in 1994 and is based in Honolulu, Hawaii.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-23 Eureka Entertainment

Middlesex, United Kingdom

Eureka Entertainment is an independent film distributors. Its catalogue also contains World Cinema, Action, Horror, Sci-Fi, Indie Dramas, Hollywood Classics, Comedy and Thriller films as well as a wide selection of TV titles, providing the diversity and selection necessary to continue to satisfy today’s market demands and to power the digital video revolution for years to come. Eureka Entertainment is based in Middlesex, United Kingdom.

Buy -
SELLER

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


Deal Context for Seller #
Overall 5 of 18
Sector: Internet Software and Services 1 of 3
Type: Add-on Acquisition 5 of 9
State: Texas 1 of 2
Country: United States 5 of 18
Year: 2018 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Grindmaster-Cecilware

Louisville, Kentucky, United States

Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

Sell $108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 Meridien Research

Winter Park, Florida, United States

Meridien Research is a multi-specialty clinical research site company which conducts Phase I-IV inpatient and outpatient clinical trials for global, mid-sized pharmaceutical and biotech sponsors, as well as the largest contract research organizations (“CROs”). Meridien’s research covers more than 50 indications, with the range of therapeutic areas spanning central nervous system, mental health, neurology, metabolic and endocrine disorders and women’s health. Meridien Research was founded in 2000 and is based in Winter Park, Florida.

Sell -