M&A Deal Summary

PennSpring Capital Acquires Professional Systems Software & Technology

On July 26, 2018, private equity firm PennSpring Capital acquired software company Professional Systems Software & Technology

Acquisition Highlights
  • This is PennSpring Capital’s 1st transaction in the Software sector.
  • This is PennSpring Capital’s 1st transaction in the United States.
  • This is PennSpring Capital’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2018-07-26
Target Professional Systems Software & Technology
Sector Software
Buyer(s) PennSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Professional Systems Software & Technology

Louisville, Kentucky, United States
Professional Systems Software & Technology is a software firm that provides data integration solutions for school districts and municipalities. Professional Systems Software & Technology was founded in 1990 and is based in Louisville, Kentucky.

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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 1 of 10
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 7
State: Kentucky M&A 1 of 1
Country: United States M&A 1 of 10
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 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.

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