M&A Deal Summary

Narrow Gauge Capital, Ocean Avenue Capital Partners and Plexus Capital Acquire QC Ally

On May 19, 2022, private equity firms Narrow Gauge Capital, Ocean Avenue Capital Partners and Plexus Capital acquired software company QC Ally

Acquisition Highlights
  • This is Narrow Gauge Capital’s 1st, Ocean Avenue Capital Partners’ 1st and Plexus Capital’s 3rd transaction in the Software sector.
  • This is Narrow Gauge Capital’s 3rd, Ocean Avenue Capital Partners’ 7th and Plexus Capital’s 122nd transaction in the United States.
  • This is Narrow Gauge Capital’s 2nd, Ocean Avenue Capital Partners’ 2nd and Plexus Capital’s 7th transaction in California.

M&A Deal Summary

Date 2022-05-19
Target QC Ally
Sector Software
Buyer(s) Narrow Gauge Capital
Ocean Avenue Capital Partners
Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Berkery, Noyes & Co.
Keefe, Bruyette & Woods (Financial)

Target

QC Ally

Irvine, California, United States
QC Ally is a provider of software and end-to-end quality control, specialty audit, compliance, and reporting services for mortgage and consumer lenders and servicers. QC Ally is based in Irvine, California.

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Buyer(S) 3

DESCRIPTION

Narrow Gauge Capital is a private equity firm that pursues buyouts and recapitalizations in growth-oriented businesses. Sectors of interest include health care services, financial services technology, building products, distribution, and logistics. The Firm looks to commit $10 to $50 million to businesses generating $10 to $30 million of EBITDA. Narrow Gauge Capital was founded in 2015 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 SEI Building Solutions

Doraville, Georgia, United States

SEI Building Solutions installs insulation and specialty building products in the single-family and multi-family residential and light commercial markets. SEI Building Solutions was founded in 2008 and is based in Doraville, Georgia.

Sell -
Buyer
DESCRIPTION

Ocean Avenue Capital Partners is a private equity firm focused on special situation investments in the US and Canada. The Firm targets businesses facing transition, either in need of operational assistance, facing ownership transition, or in need of restructuring. Ocean Avenue will consider minority or majority positions and looks to commit $6 to $15 million per investment. The Firm does not have any sector preferences. Ocean Avenue Capital Partners was founded in 2010 and is based in Santa Monica, California.


DEAL STATS #
Overall 8 of 9
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: California M&A 2 of 2
Country: United States M&A 7 of 8
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 BrandShare

Berwyn, Pennsylvania, United States

BrandShare is a provider of omnichannel brand experiences through product sampling and digital engagement. Brandshare partners with consumer packaged goods manufacturers, retailers, and others to bring to life e-commerce, venue-based and event-based sampling; digital marketing campaigns; and consumer engagement initiatives, such as reward bags. BrandShare was founded in 1984 and is based in Berwyn, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-19 IMRIS

Chaska, Minnesota, United States

IMRIS designs manufactures, and services its proprietary intraoperative MRI suites utilized by scores of hospitals and cancer centers worldwide. IMRIS was founded in 2005 and is based in Chaska, Minnesota.

Buy -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 122 of 149
Sector: Software M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 60 of 70
State: California M&A 7 of 9
Country: United States M&A 122 of 149
Year: 2022 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Ticketech International

Long Island City, New York, United States

Ticketech International provides software and hardware point-of-sale systems to valet-based parking garage operators. Ticketech International was established in 1972 and is based in Long Island City, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 The Allied Group

Cranston, Rhode Island, United States

The Allied Group is a vertically-integrated provider of document management and life science kitting services. The Allied Group was founded in 1946 and is based in Cranston, Rhode Island.

Sell -