M&A Deal Summary

PSG and TJC Acquire LegitScript

On January 1, 2019, growth capital firm PSG and private equity firm TJC acquired information technology company LegitScript

Acquisition Highlights
  • This is PSG’s 7th and TJC’s 2nd transaction in the Information Technology sector.
  • This is PSG’s 22nd and TJC’s 54th transaction in the United States.
  • This is PSG’s 1st and TJC’s 1st transaction in Oregon.

M&A Deal Summary
Date 2019-01-01
Target LegitScript
Sector Information Technology
Buyer(s) PSG
TJC
Deal Type Buyout (LBO, MBO, MBI)

Target

LegitScript

Portland, Oregon, United States
LegitScript makes the internet and payment ecosystems safer and more transparent. LegitScript has combined big data with a team of human experts skilled in merchant monitoring, internet monitoring, merchant certification, and high-risk products and services. LegitScript was founded in 2007 and is based in Portland, Oregon.

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Buyer(S) 2

Buyer

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 25 of 106
Sector (Information Technology) 7 of 19
Type (Buyout (LBO, MBO, MBI)) 7 of 13
State (Oregon) 1 of 1
Country (United States) 22 of 73
Year (2019) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 S3

Nashville, Tennessee, United States

S3 is developing and delivering innovative licensing solutions that allow government agencies to automate their marketing, transactions and customer relations. S3 is a provider of business services and technology platforms for the outdoor recreation industry. S3 was founded in 2010 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Jobcase

Cambridge, Massachusetts, United States

Jobcase is dedicated to empowering and advocating for the world's workers. As a social media platform, Jobcase develops technology to help more than 110 million registered members lead better, more meaningful work lives by providing access to jobs, tools, resources, and a supportive community. Jobcase technology also powers a network of job sites and many nonprofit-driven activities via its Jobcase network. Jobcase was founded in 2015 and is based in Cambridge, Massachusetts.

Buy -
Buyer

TJC

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.

DEAL STATS #
Overall 56 of 93
Sector (Information Technology) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 27 of 32
State (Oregon) 1 of 1
Country (United States) 54 of 89
Year (2019) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-21 Quick International Courier

New York, New York, United States

Quick International Courier, Inc. is a full-service global priority transportation and logistics company, shipping life-saving organs for transplant, critical parts for the high-tech and manufacturing industries or confidential documents for the legal industry. As a highly experienced and proven source for global priority shipping and logistics, Quick delivers fast and reliable door-to-door service for shipping blood and organs for transplant, to critical high-tech parts and medical devices, to crucial time-sensitive and highly confidential documents. Quick International Courier was founded in 1981 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Sabre Industries

Alvarado, Texas, United States

Sabre Industries is a producer of highly engineered products used for electric transmission and distribution and wireless telecommunications, offering a complete customer solution with a full range of engineered towers, poles, structures, and related services. The Company's vast array of product offerings, services, and extensive manufacturing capabilities has allowed Sabre to develop leading positions with a high-quality, diversified group of customers including the nation's largest utilities and wireless communications firms.

Buy -
Mergr

Product

Company

Legal