M&A Deal Summary

Lunavi Acquires Ajubeo

On November 9, 2017, Lunavi acquired internet software and services company Ajubeo from Grey Mountain Partners

Acquisition Highlights
  • This is Lunavi’s 3rd transaction in the Internet Software and Services sector.
  • This is Lunavi’s 3rd transaction in the United States.
  • This is Lunavi’s 1st transaction in Colorado.

M&A Deal Summary

Date 2017-11-09
Target Ajubeo
Sector Internet Software and Services
Buyer(s) Lunavi
Sellers(s) Grey Mountain Partners
Deal Type Add-on Acquisition

Target

Ajubeo

Boulder, Colorado, United States
Ajubeo LLC is a provider of infrastructure as a service (IaaS), including public, private, and hybrid cloud products. Ajubeo LLC was founded in 2011 and is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Lunavi

Cheyenne, Wyoming, United States

Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Lunavi, Inc. is a cloud hosting, colocation, hybrid IT, and managed services provider. Lunavi was established in 2007 and is headquartered in Cheyenne, Wyoming.


DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 3 of 4
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Cirracore

Atlanta, Georgia, United States

Cirracore LLC is an infrastructure provider of enterprise-ready Infrastructure-as-a-Service (IaaS) and hybrid cloud products. Cirracore LLC was established in 2008 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 Infront Consulting Group

Toronto, Ontario, Canada

Infront Consulting Group Ltd. is an IT consulting firm specializing in Microsoft application and Microsoft Azure solution design, automation, and deployment. Both entities will continue to operate under their respective brands. Infront Consulting Group Ltd. was founded in 2001 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Grey Mountain Partners

Boulder, Colorado, United States

Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Grey Mountain Partners is a private equity firm focused on investments in smaller middle-market companies. Grey Mountain targets new platform companies with minimum revenues of $25 million and EBITDA greater than $5 million. The Firm can commit up to $75 million per platform investment. Sectors of interest include diversified manufacturing, wholesale/distribution, business services, software, consumer services, packaging, food & beverage, specialty chemicals, financial services, energy, and defense. Prospective transaction situations can include corporate divestitures, MBOs, consolidation opportunities, family held companies in transition, and companies in distress or emerging from bankruptcy. Grey Mountain Partners is based in Boulder, Colorado.


DEAL STATS #
Overall 10 of 17
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Colorado) 1 of 2
Country (United States) 10 of 17
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Honsador Holdings

Kapolei, Hawaii, United States

Honsador is the largest independent distributor of building products and electrical supplies in the state of Hawaii, serving the residential, commercial, and military markets. Founded in 1935, the Company operates out of two divisions: Honsador Lumber and Building Materials (“LBM”) and Alpha Electric (“Alpha”). LBM is the largest independent lumber and building materials distributor on the big island, and Alpha is the largest independent distributor of electrical products in the state of Hawaii.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Triton Offshore

Theriot, Louisiana, United States

Triton Offshore provides offshore commercial diving services in the Gulf of Mexico and maintains a leading position in surface diving activities. Triton Offshore was formed in 1999 and is based in Theriot, Louisiana.

Sell -