M&A Deal Summary

Mill Point Capital Acquires CrashPlan

On August 3, 2022, private equity firm Mill Point Capital acquired information technology company CrashPlan from Code42

Acquisition Highlights
  • This is Mill Point Capital’s 4th transaction in the Information Technology sector.
  • This is Mill Point Capital’s 18th transaction in the United States.
  • This is Mill Point Capital’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-08-03
Target CrashPlan
Sector Information Technology
Buyer(s) Mill Point Capital
Sellers(s) Code42
Deal Type Divestiture

Target

CrashPlan

Minneapolis, Minnesota, United States
CrashPlan provides peace of mind through secure, scalable, and straightforward endpoint data backup. The company help organizations recover from any worst-case scenario, whether it is a disaster, simple human error, a stolen laptop, ransomware, or an as-of-yet undiscovered calamity. CrashPlan continues to innovate as the work landscape evolves, making CrashPlan foundational to organizations’ data security. What starts as endpoint backup and recovery becomes a solution for ransomware recovery, breaches, migrations, and legal holds. Its data security solution is a product of Code42, an industry leader protecting the critical data of more than 50,000 world-class organizations, including the largest global brands. CrashPlan was founded in 2001 and is headquartered in Minneapolis, Minnesota.

Search 201,292 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Mill Point Capital

Category Private Equity Firm
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.

DEAL STATS #
Overall 19 of 28
Sector (Information Technology) 4 of 5
Type (Divestiture) 5 of 7
State (Minnesota) 1 of 1
Country (United States) 18 of 26
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Vehicle Management Solutions

Mokena, Illinois, United States

Vehicle Management Solutions (VMS) is a provider of end-to-end vehicle management solutions including dispatch, vehicle storage and traffic incident management. The Company’s mission is to keep streets, roads and highways moving more safely and effectively. With a nationwide presence in 16 cities across 12 states, VMS focuses on building long-term relationships with states, municipalities, law enforcement agencies, insurance companies, logistics companies and various other clients to serve their communities. Vehicle Management Solutions was founded in 2005 and is based in Mokena, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Spire Power Solutions

Athens, Georgia, United States

Spire Power Solutions brings together a wide range of transformers and power solutions to serve utility, renewable energy, public power, commercial, and industrial markets across North America. With rapid response times and over 100 years of operations and engineering expertise, Spire delivers a complete range of proven products, services, and support tailored for customers’ success. Spire Power Solutions was formed in 2019 and is based in Athens, Georgia.

Sell -

Seller(S) 1

SELLER

Code42

Minneapolis, Minnesota, United States
Category Company
Founded 2001
Sector Internet Software and Services
DESCRIPTION

Code42 is a provider of software as a service (SaaS) endpoint data protection and security solutions to enterprises. Native to the cloud, Code42® Incydr™ data protection is engineered to rapidly detect data exposure, loss, leak, and theft and speeds incident response – all without lengthy deployments, complex policy management, or disrupting employee productivity. Code42 was formed in 2001 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

Legal