Investment Summary

Tiger Infrastructure Partners, Meritage Funds, Platform Partners and WP Global Partners Exits SmartSky Networks

On October 22, 2024, Apcela invested in communications company SmartSky Networks from Tiger Infrastructure Partners, Meritage Funds, Platform Partners and WP Global Partners

Investment Highlights
  • This is Apcela’s 1st transaction in the Communications sector.
  • This is Apcela’s 1st transaction in the United States.
  • This is Apcela’s 1st transaction in North Carolina.

Investment Summary

Date 2024-10-22
Target SmartSky Networks
Sector Communications
Investor(s) Apcela
Sellers(s) Tiger Infrastructure Partners
Meritage Funds
Platform Partners
WP Global Partners
Deal Type Add-on Acquisition

Target

SmartSky Networks

Morrisville, North Carolina, United States
SmartSky Networks is a producer of disruptive communications technologies for the aviation industry. SmartSky Networks was founded in 2011 and is based in Morrisville, North Carolina.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Apcela

Reston, Virginia, United States

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

Apcela designs and manages software-defined, cloud-optimized networks for the digitally transforming enterprise. Apcela enables enterprises to easily manage application performance in hybrid IT environments. Apcela was founded in 2005 and is based in Reston, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 4

SELLER

Tiger Infrastructure Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tiger Infrastructure Partners is a private equity firm focused on acquiring controlling stakes in infrastructure companies in the communications, energy, and transportation sectors. Tiger will consider opportunities throughout North America and Europe and looks to commit $75 to $200 million per transaction. Tiger Infrastructure Partners was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 6 of 6
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 Unison Energy

Greenwich, Connecticut, United States

Unison Energy is a fully integrated distributed generation company that develops, builds, owns, and operates combined heat and power (CHP) projects at commercial and industrial customer sites including hospitals, hotels, supermarkets, and manufacturing facilities. Unison Energy was founded in 2010 and is based in Greenwich, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 Minnesota Coaches

Hastings, Minnesota, United States

Minnesota Coaches is an independent provider of student transportation and motorcoach charter services in Minnesota and western Wisconsin. Minnesota Coaches was founded in 1959 and is based in Hastings, Minnesota.

Buy -
SELLER

Meritage Funds

Arvada, Colorado, United States

Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.


DEAL STATS #
Overall 14 of 14
Sector: Communications M&A 9 of 9
Type: Add-on Acquisition M&A Deals 8 of 8
State: North Carolina M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Datavail

Broomfield, Colorado, United States

Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Broomfield, Colorado.

Sell -
SELLER

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.


DEAL STATS #
Overall 15 of 15
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: North Carolina M&A 1 of 1
Country: United States M&A 15 of 15
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 Alliance Strategies

Austin, Texas, United States

Alliance Strategies is a work exchange sponsor providing travel services to foreign exchange visitors. Alliance Strategies was founded in 1989 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 PPM

Wenonah, New Jersey, United States

PPM is a full-service, trenchless pipeline rehabilitation contractor that restores aging, damaged, or leaking underground infrastructure, primarily natural gas utility distribution pipelines of all shapes and sizes. PPM was founded in 2002 and is based in Wenonah, New Jersey.

Buy -
SELLER

WP Global Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2005
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

WP Global Partners is an asset management firm that looks to offer clients exposure to private equity, venture capital, and private debt investments through research based investment programs. Within private equity, WP looks to invest $5 to $25 million in recurring revenue oriented businesses valued up to $500 million. WP Global Partners was formed in 2005 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 4 of 5
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 GSM Outdoors

Irving, Texas, United States

GSM Outdoors specializes in developing and marketing innovative products for the hunting, sport shooting, and rugged outdoor enthusiast market. GSM owns 20+ industry-leading brands including stealth cam, walker’s, muddy outdoors, birchwood casey, hawk, cyclops, western rivers, american hunter, HME, and SME among others. GSM Outdoors was founded in 1999 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-07 Trace Genomics

Ames, Iowa, United States

Trace Genomics has developed the first analytics engine that learns as it maps the living soil. The company helps growers maximize the value of every acre. The company is building the largest, most actionable body of soil intelligence, making thousands of growers experts on what’s underground. Trace Genomics was founded in 2015 and is based in Ames, Lowa.

Sell -