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

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 M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 7
State: Pennsylvania M&A 4 of 6
Country: United States M&A 7 of 10
Year: 2021 M&A 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 -