M&A Deal Summary

PDI Technologies Acquires Nuspire

On June 20, 2024, PDI Technologies acquired information technology company Nuspire from ABRY Partners and Antares Capital

Acquisition Highlights
  • This is PDI Technologies’ 8th transaction in the Information Technology sector.
  • This is PDI Technologies’ 21st transaction in the United States.
  • This is PDI Technologies’ 1st transaction in Michigan.

M&A Deal Summary

Date 2024-06-20
Target Nuspire
Sector Information Technology
Buyer(s) PDI Technologies
Sellers(s) ABRY Partners
Antares Capital
Deal Type Add-on Acquisition
Advisor(s) Harris Williams
Houlihan Lokey (Financial)

Target

Nuspire

Detroit, Michigan, United States
Nuspire is a provider of managed security services delivering threat detection and remediation through a skilled team of experts, advanced R&D, and proprietary solutions that merge big data and deep human analytics. Nuspire was founded in 1999 and is based in Detroit, Michigan.

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Buyer(S) 1

Buyer

PDI Technologies

Alpharetta, Georgia, United States

Category Company
Founded 1983
Sector Software
DESCRIPTION

PDI Technologies is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Technologies was founded in 1983 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 26 of 28
Sector: Information Technology M&A 8 of 8
Type: Add-on Acquisition M&A Deals 21 of 22
State: Michigan M&A 1 of 1
Country: United States M&A 21 of 23
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-11 Skupos

San Francisco, California, United States

Skupos provides single-store operators access to CPG brand programs and discounts, while providing brands with the data and insights on how their products perform at independent convenience retailer sites. Skupos was founded in 2016 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Comdata Merchant Solutions

Brentwood, Tennessee, United States

Comdata Merchant Solutions includes the Point of Sale (POS) hardware, software, and systems that enable transactions at the site level for truck stops and unattended commercial fueling locations. Comdata Merchant Solutions is based in Brentwood, Tennessee.

Buy -

Seller(S) 2

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 100 of 104
Sector: Information Technology M&A 22 of 24
Type: Add-on Acquisition M&A Deals 52 of 54
State: Michigan M&A 2 of 2
Country: United States M&A 87 of 89
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 Chambers and Partners

London, United Kingdom

Chambers and Partners is a publisher of rankings and directories for the legal sector. Chambers and Partners was founded in 1990 and is based in London, United Kingdom.

Buy £400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Blue Mantis

Portsmouth, New Hampshire, United States

Blue Mantis is a provider of product procurement services, project services, and maintenance and managed IT services for state, local, and education (SLED) institutions. Blue Mantis was founded in 1992 and is based in Portsmouth, New Hampshire.

Sell -
SELLER

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 45 of 45
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 19 of 19
State: Michigan M&A 1 of 1
Country: United States M&A 44 of 44
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Venturi Restoration

Schaumburg, Illinois, United States

Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

Sell -