M&A Deal Summary

Parchment Acquires Credentials Solutions

On December 10, 2019, Parchment acquired information technology company Credentials Solutions from Brentwood Associates

Acquisition Highlights
  • This is Parchment’s 1st transaction in the Information Technology sector.
  • This is Parchment’s 2nd transaction in the United States.
  • This is Parchment’s 1st transaction in Illinois.

M&A Deal Summary

Date 2019-12-10
Target Credentials Solutions
Sector Information Technology
Buyer(s) Parchment
Sellers(s) Brentwood Associates
Deal Type Merger

Target

Credentials Solutions

Deerfield, Illinois, United States
Credentials Solutions LLC is a technology-intensive service company that provides comprehensive business process solutions to more than 700 higher education institutions and municipalities across the United States. The company develops innovative verification and transcript solutions to fit the unique needs of Higher Education. Credentials Solutions was formed in 1997 and is based in Deerfield, Illinois.

Search 214,107 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Parchment

Scottsdale, Arizona, United States

Category Company
Founded 2002
Sector Internet Software and Services
DESCRIPTION

Parchment operates a software-as-a-service platform for schools, colleges, universities, education agencies, and individuals to request, process, and deliver transcripts and other education credentials in the United States and internationally. Parchment was founded in 2002 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 Avow Systems

Denver, Colorado, United States

Avow Systems, Inc. is a provider of products and services for electronic transcript exchange.

Buy -

Seller(S) 1

SELLER

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $50 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles, California.


DEAL STATS #
Overall 27 of 30
Sector: Information Technology M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Illinois M&A 5 of 5
Country: United States M&A 25 of 28
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Chicken Salad Chick

Atlanta, Georgia, United States

Chicken Salad Chick is a fast-casual chain of chicken restaurants with 137 locations throughout 16 states predominantly in the Southeast. The company's restaurants feature over a dozen distinct chicken salad flavors made fresh daily and served by the scoop, sandwich or bowl. Chicken Salad Chick was formed in 2008 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Watermill Express

Brighton, Colorado, United States

Watermill Express provides affordable, sustainable, safe drinking water and ice in a convenient drive-up format. The Company operates and franchises nearly 1,300 stations across 9 states, predominantly across the West Coast and Sunbelt regions. Watermill Express was founded in 1984 and is based in Brighton, Colorado.

Buy -