M&A Deal Summary

PSG and Greater Sum Ventures Acquire Transit Technologies

On January 1, 2019, growth capital firm PSG and private equity firm Greater Sum Ventures acquired software company Transit Technologies

Acquisition Highlights
  • This is PSG’s 8th and Greater Sum Ventures’ 3rd transaction in the Software sector.
  • This is PSG’s 22nd and Greater Sum Ventures’ 4th transaction in the United States.
  • This is PSG’s 4th and Greater Sum Ventures’ 3rd transaction in Tennessee.

M&A Deal Summary

Date 2019-01-01
Target Transit Technologies
Sector Software
Buyer(s) PSG
Greater Sum Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Transit Technologies

Knoxville, Tennessee, United States
Transit Technologies provides mission-critical software, hardware and services to organizations of all sizes to digitize fleet operations and drive improved cost, compliance and customer service. Transit Technologies is based in Knoxville, Tennessee.

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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 108
Sector (Software) 8 of 33
Type (Buyout (LBO, MBO, MBI)) 7 of 13
State (Tennessee) 4 of 5
Country (United States) 22 of 74
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 -
DESCRIPTION

Greater Sum Ventures is a private equity firm focused on investing in US-based technology companies. Areas of interest include software, SaaS, technology-enabled information services, and technology-enabled business services. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. Greater Sum Ventures was formed in 2015 and is headquartered in Knoxville, Tennessee.


DEAL STATS #
Overall 4 of 12
Sector (Software) 3 of 7
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Tennessee) 3 of 7
Country (United States) 4 of 12
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 LivTech

Knoxville, Tennessee, United States

LivTech's solutions are dedicated to investing in and providing operational expertise to a growing portfolio of healthcare-oriented software as service (SaaS) companies. The company focuses on the needs of home health agencies, hospice and palliative providers, medical and physician groups, and assisted and senior living communities. LivTech is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Vehlo

Knoxville, Tennessee, United States

Vehlo is a provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo is based in Knoxville, Tennessee.

Buy -