M&A Deal Summary |
|
|---|---|
| Date | 2018-01-04 |
| Target | NGRAIN |
| Sector | Software |
| Buyer(s) | mCloud Technologies |
| Sellers(s) |
Tandem Expansion Fund
Hawthorn Equity Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Internet Software and Services |
| Employees | 230 |
| Revenue | 26M CAD (2021) |
mCloud Technologies is an IoT connected asset care cloud solution company utilizing connected IoT devices, deep energy analytics, secure mobile and 3D technologies that rally all asset stakeholders around an Asset-Circle-of-Care, providing complete real-time and historical data coupled with guidance and advice based on deep analytics and diagnostics resulting in optimal performance and care of critical equipment. mCloud Technologies was founded in 2017 and is based in Vancouver, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Software M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: British Columbia M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2018 M&A | 1 of 1 |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Focused |
Tandem Expansion is a private growth capital fund seeking to invest in small to mid-sized tech businesses in Canada. Specific areas of interest include IT (hardware, software, service), clean tech, energy/resource, technology, advanced materials, and life science. The Firm looks to invest $10 to $30 million in fast growing businesses with $5 to $50 million in revenues. Investment proceeds are typically used to fund organic growth or provide acquisition capital. Tandem was formed in 2009 and is based in Montreal, Québec.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 7 |
| Sector: Software M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: British Columbia M&A | 2 of 2 |
| Country: Canada M&A | 4 of 6 |
| Year: 2018 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-01 |
Acquisio
Brossard, Quebec, Canada Acquisio, Inc. is a local business software provider for online advertising management. Acquisio empowers SMBs to thrive in the digital economy by facilitating customer acquisition using ad platforms such as Google AdWords, Facebook Ads, and Bing Ads. Acquisio, Inc. was founded in 2003 and is based in Brossard, Quebec. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-18 |
Lithion Group
Henderson, Nevada, United States Lithion Group engages in business of designing, developing, manufacturing, and selling primary lithium thionyl chloride, lithium sulfuryl chloride, lithium CFX, and lithium CFX Mno2 cells and packs. Lithion Power Group manufactures non-rechargeable primary lithium cells specifically designed to work in high vibration/shock environments with temperature ratings of up to 225°C. Lithion Group was founded in 1998 and based in Henderson, Nevada. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
Hawthorn Equity Partners is a private equity firm focused on investing in growth-oriented, middle-market companies across North America. Hawthorn does not have any sector preferences and will invest in a variety of situations or business stages. Transaction situations include companies in need of growth capital, recapitalizations, family successions, special situations, carve-outs, and consolidations. Hawthorn Equity Partners is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 10 |
| Sector: Software M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 6 of 7 |
| State: British Columbia M&A | 1 of 1 |
| Country: Canada M&A | 4 of 5 |
| Year: 2018 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-17 |
Navantis
Toronto, Ontario, Canada Navantis, Inc. is a provider of software development and technology solutions to business enterprises. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-22 |
GFL Environmental
Vaughan, Ontario, Canada GFL Environmental is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure & soil remediation, and liquid waste management services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of more than 5,000 employees and provides its broad range of environmental services to more than 60,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households. GFL Environmental was founded in 2007 and is based in Vaughan, Ontario. |
Sell | - |
