M&A Deal Summary

Periscope Equity Acquires WPAS

On January 14, 2021, private equity firm Periscope Equity acquired financial services company WPAS

Acquisition Highlights
  • This is Periscope Equity’s 1st transaction in the Financial Services sector.
  • This is Periscope Equity’s 10th transaction in the United States.
  • This is Periscope Equity’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-01-14
Target WPAS
Sector Financial Services
Buyer(s) Periscope Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

WPAS

Mercer Island, Washington, United States
WPAS manages benefit plans as a third-party administrator (TPA) serving over 150,000 union members and their dependents on behalf of top Taft-Hartley trust funds, associations, and government entities in the region. WPAS was founded in 1953 and is based in Mercer Island, Washington.

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Buyer(S) 1

Buyer

Periscope Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Periscope Equity is a private equity firm focused on acquiring lower middle-market tech-enabled business services companies. Periscope pursues companies valued up to $40 million with $10 to $50 million in revenue. Specific areas of interest include healthcare services, marketing services, business process outsourcing, SaaS, and security services. Periscope Equity was formed in 2007 and is based in Chicago, Illinois.

DEAL STATS #
Overall 10 of 16
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Washington) 1 of 1
Country (United States) 10 of 16
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 MobiChord

Salt Lake City, Utah, United States

MobiChord is a revolutionary, subscription-based software provider of Technology Expense Management solutions on the ServiceNow Platform. MobiChord extends the ServiceNow Platform to manage Mobile, Voice & Data, and Cloud assets, expenses, and services helping customers to preserve and generate budget become more productive, and get full visibility into their technology management programs. MobiChord was founded in 2013 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 MobiChord

Salt Lake City, Utah, United States

MobiChord is a revolutionary, subscription-based software provider of Technology Expense Management solutions on the ServiceNow Platform. MobiChord extends the ServiceNow Platform to manage Mobile, Voice & Data, and Cloud assets, expenses, and services helping customers to preserve and generate budget become more productive, and get full visibility into their technology management programs. MobiChord was founded in 2013 and is based in Salt Lake City, Utah.

Sell -
Mergr

Product

Company

Legal