Investment Summary

Michigan Capital Advisors Invests In Verge.io

On August 5, 2020, private equity firm Michigan Capital Advisors invested in software company Verge.io

Investment Highlights
  • This is Michigan Capital Advisors’ 1st transaction in the Software sector.
  • This is Michigan Capital Advisors’ 4th transaction in the United States.
  • This is Michigan Capital Advisors’ 4th transaction in Michigan.

Investment Summary
Date 2020-08-05
Target Verge.io
Sector Software
Investor(s) Michigan Capital Advisors
Deal Type Venture

Target

Verge.io

Clarkston, Michigan, United States
Verge.io is a provider of a novel software solution that represents a transformative improvement in the complexity, cost, security, performance, and carbon footprint of today's IT infrastructure. Verge.io is based in Clarkston, Michigan.

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Investor(S) 1

Investor

Michigan Capital Advisors

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Michigan Capital Advisors is a private investment firm focused on the automotive and transportation sectors. The Firm's primary interest is in suppliers to the automotive industry as well as companies serving the broader sector and looking to penetrate the transportation sector further. Prospective companies are generally profitable with $10 to $200 million in annual revenue. Target transaction situations include recapitalizations, management buyouts, family transitions, corporate carve-outs and divestitures. Michigan Capital Advisors was formed in 2016 and is based in Bloomfield Hills, Michigan.

DEAL STATS #
Overall 4 of 5
Sector (Software) 1 of 1
Type (Venture) 1 of 1
State (Michigan) 4 of 4
Country (United States) 4 of 5
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Ventech

Wixom, Michigan, United States

Ventech is a developer of the Liquid Heat Generator (“LHG”), a revolutionary mobile heating technology. LHG generates heated fluid instantaneously, abundantly, and efficiently through proprietary, innovative technology and helps solve key issues in many transportation and vehicle applications, including reduced idling, less fuel consumption, and decreased emissions. Ventech offers solutions to a wide array of markets, including automotive OEM, automotive aftermarket, school bus, mass transit, industrial vehicle and equipment applications, diesel generators, and alternative energy. Ventech was founded in 2003 and is based in Wixom, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Havis

Warminster, Pennsylvania, United States

Havis is a designer and manufacturer of ruggedized mobile workforce solutions for public safety and enterprise markets. For more than 80 years, the Havis mission has been to increase mobile worker productivity with industry-leading products built to the highest safety and quality standards and designed with comfort in mind. Havis partners closely across its ecosystem of the vehicle and computer OEMs, channel partners, and end-users to deliver a portfolio that spans computing, mounting, transportation, and emerging product categories. The Company takes a customer-centric approach to its business and is dedicated to consistently researching and developing innovative, value-added products and solutions for mobile and related applications worldwide. Havis was formed in 1928 and is headquartered in Warminster, Pennsylvania.

Buy -
Mergr

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