M&A Deal Summary

Mitratech Acquires Syntrio

On January 9, 2024, Mitratech acquired business services company Syntrio from Inverness Graham Investments

Acquisition Highlights
  • This is Mitratech’s 4th transaction in the Business Services sector.
  • This is Mitratech’s 19th transaction in the United States.
  • This is Mitratech’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-01-09
Target Syntrio
Sector Business Services
Buyer(s) Mitratech
Sellers(s) Inverness Graham Investments
Deal Type Add-on Acquisition

Target

Syntrio

Northbrook, Illinois, United States
Syntrio provides governance, risk, compliance, and human resource solutions that help more than 6,500 organizations make the workplace a better place. Its solutions include a comprehensive ethics reporting hotline and case management system, and seven modern training libraries in employment law and harassment, ethics and compliance, diversity and inclusion, health and safety, business skills, cybersecurity, and hotline learning. Syntrio is based in Northbrook, Illinois.

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Buyer(S) 1

Buyer

Mitratech

Austin, Texas, United States
Category Company
Founded 1987
Sector Software
DESCRIPTION

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Austin, Texas.

DEAL STATS #
Overall 22 of 23
Sector (Business Services) 4 of 4
Type (Add-on Acquisition) 21 of 21
State (Illinois) 1 of 1
Country (United States) 19 of 19
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Mineral

Portland, Oregon, United States

Mineral is a cloud-based platform for HR solutions company that provides expert HR-related advice and training to employers. Mineral was founded in 2005 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 HotDocs

Scotland, United Kingdom

HotDocs is a provider of document automation software, with customers in 60 different countries and a user-base, globally, that exceeds one million. HotDocs is widely used in the legal, banking, insurance, government, public and corporate sectors, for increasing accuracy, reducing cost, mitigating risk, and improving efficiency in the generation of complex documentation. Users can quickly and efficiently generate customized documents such as contracts, sales agreements, government forms, and loan documentation. HotDocs was formed in 1996 and is headquartered in Scotland.

Buy -

Seller(S) 1

SELLER

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.

DEAL STATS #
Overall 16 of 17
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 8 of 9
State (Illinois) 3 of 3
Country (United States) 16 of 17
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Innovia Medical

St. Paul, Minnesota, United States

Innovia Medical is a developer and manufacturer of products including ear, nose, and throat (ENT), Tissu-Trans, InstruSafe Instrument Protection Trays and Care + Maintenance Products, EarPopper and Minne Ties Agile MMF products. Innovia Medical was founded in 2015 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 BenefitHub

New York City, New York, United States

BenefitHub provides a voluntary benefits and employee engagement platform serving over 10M employees, many of which are employed at global Fortune 1000 enterprise customers including Amazon, Walmart, Lowe’s, Johnson & Johnson, American Airlines, UPS, AT&T and Target. BenefitHub’s cloud-based technology platform enables employers the ability to offer their workforce with access to a large portfolio of voluntary benefits solutions, insurance products and discounted consumer goods and services, improving recruitment and employee retention. BenefitHub was founded in 1999 and is based in New York City.

Buy -
Mergr

Product

Company

Legal