M&A Deal Summary |
|
|---|---|
| Date | 2021-01-21 |
| Target | V12 Data |
| Sector | Information Services |
| Buyer(s) | Porch.com |
| Sellers(s) |
Bay Capital Investment Partners
Spring Capital Partners 424 Capital ABRY Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | BrightTower (Financial) |
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| Category | Company |
|---|---|
| Founded | 2011 |
| Sector | Internet Software and Services |
| Employees | 864 |
| Revenue | 430M USD (2023) |
Porch.com is a home services platform that helps homeowners maintain their home and get projects done by connecting them with quality pros. Porch.com was established in 2011 and is based in Seattle, Washington.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 8 |
| Sector (Information Services) | 1 of 1 |
| Type (Add-on Acquisition) | 6 of 8 |
| State (Florida) | 1 of 1 |
| Country (United States) | 6 of 8 |
| Year (2021) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-23 |
HireAHelper
Oceanside, California, United States HireAHelper LLC is specialize in loading and unloading services. HireAHelper is based in Oceanside, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-06 |
Homeowners of America
Irving, Texas, United States Homeowners of America is a Managing General Agent and insurance carrier hybrid with high margins and a capital-efficient reinsurance strategy that limits retained risk. HOA primarily operates in six states, including Texas, Arizona, North Carolina, South Carolina, Virginia, and Georgia. The company was founded in 2006 in Texas, a $10 billion homeowners insurance market, and was the 12th largest home insurer in Texas in 2019. HOA is licensed to operate in 31 states, positioning it for nationwide expansion as part of Porch. |
Buy | $100M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2007 |
| Size | Small |
| Type | Sector Agnostic |
Bay Capital Investment Partners is a private investment group that provides senior debt, subordinated debt, mezzanine capital and equity capital to facilitate acquisitions, management buyouts and recapitalizations and to provide growth capital. The Firm is sector agnostic however generally prefers companies in the Eastern US. Bay Capital Investment Partners was established in 2007 and is headquartered in Providence, Rhode Island.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Information Services) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Florida) | 1 of 1 |
| Country (United States) | 5 of 5 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-23 |
Form
Quincy, Massachusetts, United States Form is a SaaS mobile data collection platform for complex, business-critical use cases across a broad spectrum of sectors including banking / financial services, oil and gas, energy, food and beverage, hospitality and services. Its solutions have helped mid to large organizations improve how they collect, manage and leverage data, and integrate it into current systems, transforming the way they do business. Form was founded in 2002 and is based in Quincy, Massachusetts. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 600M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 25 |
| Sector (Information Services) | 1 of 1 |
| Type (Add-on Acquisition) | 16 of 18 |
| State (Florida) | 1 of 1 |
| Country (United States) | 23 of 25 |
| Year (2021) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-08 |
Cybera
Franklin, Tennessee, United States Cybera is a provider of security as a service virtual application networks to enterprises. Cybera solves the networking and security needs of highly distributed enterprises. Cybera was founded in 2001 and is based in Franklin, Tennessee. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-03 |
eServices
Glen Allen, Virginia, United States eServices is an energy management company servicing the natural gas needs of marketers, utilities, small and mid-sized commercial/industrial firms, and producers in the Southeast and mid-Atlantic regions of the United States. eServices was founded in 2008 and is based in Glen Allen, Virginia. |
Sell | - |
424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 10 |
| Sector (Information Services) | 1 of 2 |
| Type (Add-on Acquisition) | 4 of 6 |
| State (Florida) | 1 of 2 |
| Country (United States) | 5 of 9 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-12 |
Radian Generation
Charlotte, North Carolina, United States Radian Generation is a global asset management firm serving the renewable power industry providing both software and tech-enabled services to some of the world’s largest investors in commercial and utility-scale solar and wind infrastructure. The company’s services optimize plant and portfolio performance to improve the ROI for asset owners. The Radian team is a group of top industry experts, armed with their proprietary LENS technology platform, who deliver measurable results through the automation of proven best practices of solar and wind asset management. Radian Generation was founded in 2013 and is based in Charlotte, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-25 |
Farm Market ID
Westmont, Illinois, United States Farm Market ID provides comprehensive production data to the agricultural industry. Farm Market ID was founded in 1973 and is based in Westmont, Illinois. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 12.8B USD |
| Size | Mega |
| Type | Sector Focused |
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 | 84 of 103 |
| Sector (Information Services) | 4 of 5 |
| Type (Add-on Acquisition) | 42 of 53 |
| State (Florida) | 3 of 5 |
| Country (United States) | 72 of 88 |
| Year (2021) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-06 |
Freestar
Scottsdale, Arizona, United States Freestar is an advertising technology solutions provider for online publishers. As a fully managed ad monetization service, Freestar’s platform enables publishers to fully outsource their advertising sales function and capture increased advertising revenue. Freestar was founded in 2015 and is based in Phoenix, Arizona. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-22 |
Identity Digital
Bellevue, Washington, United States Identity Digital is a domain name registry offering new domain names in multiple languages and character sets. Identity Digital simplifies and connects a fragmented online world with domain names and related technologies that allow people and businesses to build, market, and own their digital identities. Identity Digital was founded in 2010 and is based in Bellevue, Washington. |
Sell | - |
