M&A Deal Summary

PSI Acquires Performance Assessment Network

On January 24, 2017, PSI acquired internet software and services company Performance Assessment Network from Spire Capital Partners

Acquisition Highlights
  • This is PSI’s 4th transaction in the Internet Software and Services sector.
  • This is PSI’s 6th transaction in the United States.
  • This is PSI’s 1st transaction in Indiana.

M&A Deal Summary

Date 2017-01-24
Target Performance Assessment Network
Sector Internet Software and Services
Buyer(s) PSI
Sellers(s) Spire Capital Partners
Deal Type Add-on Acquisition

Target

Performance Assessment Network

Carmel, Indiana, United States
Performance Assessment Network, Inc. is a provider of online talent assessments and testing technology solutions that aid both corporate and government organizations in hiring and growing top talent.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

PSI

Olathe, Kansas, United States

Category Company
Sector Business Services
DESCRIPTION

PSI focuses on delivering frictionless and fair test-taker experiences through valid test content, authorized test centers, secure remote testing with online proctoring, multi-modal test delivery, testing windows, or continuous testing on demand. It partners with certification test sponsors covering the breadth of professional specialisms from healthcare, architecture, finance, and IT to numerous highly specialized sectors. PSI is based in Olathe, Kansas.


DEAL STATS #
Overall 8 of 14
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 13
State: Indiana M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 ECDL Switzerland AG

Basle, Switzerland

ECDL Switzerland AG is a developer of ECDL (European Computer Driving Licence) programme in Switzerland and Liechtenstein.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Assessment & Development Consultants

Surrey, United Kingdom

Assessment & Development Consultants Ltd. is a provider in behavioral assessment and development with a multitude of products that enhance recruitment decisions and development outcomes. Assessment & Development Consultants Ltd. was founded in 1988 and is based in Surrey, UK.

Buy -

Seller(S) 1

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 21 of 27
Sector: Internet Software and Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 17 of 19
State: Indiana M&A 2 of 2
Country: United States M&A 20 of 26
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 Vector Media

New York City, New York, United States

Vector Media provides Out-of-Home advertising opportunities, specializing in large format visual communications. Vector Media’s ever-growing media arsenal includes double-decker transit spectaculars, airport shuttles, custom-route coach-style vehicles, solar kiosks and other street furniture, taxi media, digital advertising, bulletins, wallscapes and building wrap opportunities, printed publications, experiential marketing and more. Vector Media was founded in 1998 and is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Dynamic Quest

Greensboro, North Carolina, United States

Dynamic Quest is a managed service provider for IT services to enterprises and mid-sized businesses. The Company's services include hosted cloud services, disaster recovery, managed IT, service plans, software maintenance, application support, virtual CIO and security services. Dynamic Quest was fouded in 2000 and is based in Greensboro, North Carolina.

Buy -