M&A Deal Summary

Passport Labs Acquires Complus Data Innovations

On June 6, 2019, Passport Labs acquired software company Complus Data Innovations from Thompson Street Capital Partners

Acquisition Highlights
  • This is Passport Labs’ 1st transaction in the Software sector.
  • This is Passport Labs’ 3rd transaction in the United States.
  • This is Passport Labs’ 1st transaction in New York.

M&A Deal Summary
Date 2019-06-06
Target Complus Data Innovations
Sector Software
Buyer(s) Passport Labs
Sellers(s) Thompson Street Capital Partners
Deal Type Add-on Acquisition

Target

Complus Data Innovations

Tarrytown, New York, United States
Complus Data Innovations, Inc. is a provider of parking enforcement software solutions to municipalities and universities throughout the United States. The company offers the proprietary FastTrack ticket management software, state-of-the-art hardware including handheld ticket writers, and 24/7 “Signature Service” customer support. Complus was formed in 1986 and is based in Tarrytown, New York.

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Buyer(S) 1

Buyer

Passport Labs

Charlotte, North Carolina, United States
Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

Passport Labs is a mobile technology company providing enterprise software to help parking and transit agencies connect with their communities. Passport’s mobility platform enables clients to digitally coordinate all modes of transportation and implement real-time, data-centric management of their curbside and streetspace through its enterprise software. Passport Labs was founded in 2010 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 NuPark

Lubbock, Texas, United States

NuPark, Inc. is a parking management technology company. NuPark empowers parking professionals to deliver outstanding parking experiences. NuPark, Inc. was founded in 2013 and is based in Lubbock, Texas.

Buy -

Seller(S) 1

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 27 of 47
Sector (Software) 4 of 8
Type (Add-on Acquisition) 13 of 24
State (New York) 3 of 6
Country (United States) 27 of 47
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 BCM One

New York, New York, United States

BCM One is a provider of managed technology solutions and services to more than 4,500 customers across the United States. BCM One was founded in 1992 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Pulse Vet

Roswell, Georgia, United States

PulseVet is a developer and marketer of non-invasive medical devices for the veterinary market. Pulse Veterinary's principal technology is the VersaTron® family of products for the management of a variety of musculoskeletal disorders causing chronic pain and lameness in animals. PulseVet was founded in 2009 and is based in Roswell, Georgia.

Sell -
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