M&A Deal Summary

PennSpring Capital Acquires Mobiniti

On November 22, 2021, private equity firm PennSpring Capital acquired internet software and services company Mobiniti

Acquisition Highlights
  • This is PennSpring Capital’s 2nd transaction in the Internet Software and Services sector.
  • This is PennSpring Capital’s 7th transaction in the United States.
  • This is PennSpring Capital’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-11-22
Target Mobiniti
Sector Internet Software and Services
Buyer(s) PennSpring Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) FE International (Financial)

Target

Mobiniti

Wilkes-Barre, Pennsylvania, United States
Mobiniti is a text marketing platform that helps customers expand their sales through mobile marketing and SMS alert efforts through a market-leading software platform. Mobiniti provides text marketing services to more than 1,000 organizations across numerous industries. Mobiniti was founded in 2014 and is based in Wilkes-Barre, Pennsylvania.

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Buyer(S) 1

Buyer

PennSpring Capital

Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Agnostic
DESCRIPTION

PennSpring Capital is a private investment firm focused on acquiring profitable, lower middle-market companies with up to $5 million of EBITDA. The Firm will consider both established as well as emerging/growth companies, and generally prefers opportunities throughout the East region of the US. Areas of interest include business services, sports, media/technology, healthcare, and education services. PennSpring Capital was formed in 2018 and is headquartered in Lancaster, Pennsylvania.

DEAL STATS #
Overall 7 of 10
Sector (Internet Software and Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (Pennsylvania) 4 of 6
Country (United States) 7 of 10
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Securus Contact Systems

Happy Valley, Oregon, United States

Securus Contact Systems is a proprietary software platform to provide elite virtual receptionist and call center services to customers nationwide. Securus Contact Systems was founded in 2012 and is based in Happy Valley, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 EastRock Solutions

Malvern, Pennsylvania, United States

EastRock Solutions provides the aggregate, mining, and material processing industries with equipment and supplies. EastRock Solutions is based in Malvern, Pennsylvania.

Buy -
Mergr

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