M&A Deal Summary

Mill Point Capital Acquires Pythian Services

On September 9, 2019, private equity firm Mill Point Capital acquired information technology company Pythian Services

Acquisition Highlights
  • This is Mill Point Capital’s 3rd transaction in the Information Technology sector.
  • This is Mill Point Capital’s 1st transaction in Canada.
  • This is Mill Point Capital’s 1st transaction in Ontario.

M&A Deal Summary
Date 2019-09-09
Target Pythian Services
Sector Information Technology
Buyer(s) Mill Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Pythian Services

Ottawa, Ontario, Canada
Pythian Services is an IT services provider specializing in cloud applications, data analytics, and database management. Pythian Services is based in Ottawa, Ontario.

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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 12 of 28
Sector (Information Technology) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 4 of 10
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 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.

Buy $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 DLT Solutions

Herndon, Virginia, United States

DLT Solutions, Inc. is a provider of information technology solutions for commercial, education, federal, healthcare, state and local, and utilities markets. DLT provides access to a robust network of partners, a broad portfolio of over 50+ in-house contract vehicles, and dedicated channel and enablement services. DLT Solutions, Inc. was founded in 1991 and is based in Herndon, Virginia.

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Mergr

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