M&A Deal Summary

Modern Hire Acquires Montage Talent

On May 21, 2019, Modern Hire acquired internet software and services company Montage Talent from Beringea and Gary Comer

Acquisition Highlights
  • This is Modern Hire’s 1st transaction in the Internet Software and Services sector.
  • This is Modern Hire’s 1st transaction in the United States.
  • This is Modern Hire’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2019-05-21
Target Montage Talent
Sector Internet Software and Services
Buyer(s) Modern Hire
Sellers(s) Beringea
Gary Comer
Deal Type Merger

Target

Montage Talent

Delafield, Wisconsin, United States
Montage Talent, Inc. is a provider of video interviewing solutions available, purpose-built to transform the hiring experience one smile at a time. Applying an enterprise software-as-a-service (SaaS) model. Montage Talent was founded in 2007 and is based in Delafield, Wisconsin.

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Buyer(S) 1

Buyer

Modern Hire

Cleveland, Ohio, United States
Category Company
Sector Software
DESCRIPTION

Modern Hire is an intelligent hiring platform that transforms each step of the process with screening, assessment, interview and workflow automation tools that make hiring more effective, efficient, ethical and engaging. Modern Hire is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Sonru

Wexford, Ireland

Sonru is a modern hire company that provides automated video interviewing for screening candidates, simplifies the recruiting process for recruiters and their candidates. Its customers include Fortune Global 500 companies and come from a wide variety of industries. Replicating a face-to-face interview, automated video interviews remove the everyday headaches associated with preliminary interviews. Interviewers and candidates are not online at the same time. Sonru was formed in 2007 and is based in

Buy -

Seller(S) 2

SELLER

Beringea

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.

DEAL STATS #
Overall 25 of 42
Sector (Internet Software and Services) 3 of 9
Type (Merger) 3 of 3
State (Wisconsin) 1 of 1
Country (United States) 10 of 17
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Ranir

Grand Rapids, Michigan, United States

Ranir LLC is a manufacturer of private label consumer oral and personal care products, including power and manual toothbrushes, teeth whiteners, dental floss and flossers, interdental devices, travel accessories and more. Ranir LLC was founded in 1979 and is based in Grand Rapids, Michigan.

Sell $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-02 Arctic Shores

Manchester, United Kingdom

Arctic Shores is an innovative and disruptive recruitment tech business. Arctic Shores solutions combine neuroscience, artificial intelligence, and game technology to generate data-driven people insights for more predictive and less biased hiring. Arctic Shores was founded in 2013 and based in Manchester, United Kingdom.

Buy -
SELLER

Gary Comer

Investor Investor Investor Investor

Category Family Office
Founded 1986
Size Small
Type Sector Agnostic
DESCRIPTION

Gary Comer, Inc. (GCI) is a family-funded private equity firm focused on long-term investments in growth-oriented companies with attractive margins. GCI was formed in 1986 and is headquartered in Waukesha, Wisconsin.

DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
State (Wisconsin) 1 of 2
Country (United States) 1 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Jobzology

Fort Collins, Colorado, United States

Jobzology is a provider of software that predicts how job candidates and employees will fit into jobs and fit the company culture. Jobzology was founded in 2012 and is based in Fort Collins, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 MSI Data

Milwaukee, Wisconsin, United States

MSI Data is a provider of mobile and enterprise software solutions for workforce automation. MSI Data’s software provides easy to acquire and easy to deploy solutions for managing all aspects of enterprise wide service management, including call center, dispatch contracts management and spare parts inventory; scheduling optimization and routing; and true mobile applications for the workforce, including inspections, field service and field sales. MSI Data was founded in 2010 and is based in Milwaukee, Wisconsin.

Sell -
Mergr

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