M&A Deal Summary

Publicis Groupe Acquires Spinnaker SCA

On March 12, 2024, Publicis Groupe acquired information technology company Spinnaker SCA from Source Capital and Black Lake Capital

Acquisition Highlights
  • This is Publicis Groupe’s 6th transaction in the Information Technology sector.
  • This is Publicis Groupe’s 14th transaction in the United States.
  • This is Publicis Groupe’s 1st transaction in Colorado.

M&A Deal Summary

Date 2024-03-12
Target Spinnaker SCA
Sector Information Technology
Buyer(s) Publicis Groupe
Sellers(s) Source Capital
Black Lake Capital
Deal Type Add-on Acquisition

Target

Spinnaker SCA

Denver, Colorado, United States
Spinnaker SCA designs and builds agile supply chains for brands across Consumer Staples, high-tech, Industrial Manufacturing, Retail & Apparel, Medical Devices, and Distribution Industries. Spinnaker SCA was founded in 2002 and is based in Denver, Colorado.

Search 201,157 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Publicis Groupe

Paris, France

Category Company
Founded 1926
Sector Marketing
Employees101,642
Revenue 14.8B EUR (2023)
DESCRIPTION

Publicis Groupe is a global advertising and communications firm. Publicis operates in approximately 200 cities located in 104 countries, on five continents. Its primary markets are the U.S., Europe, and the Asia Pacific region. Publicis Groupe was founded in 1926 and is based in Paris, France.


DEAL STATS #
Overall 31 of 33
Sector (Information Technology) 6 of 6
Type (Add-on Acquisition) 25 of 27
State (Colorado) 1 of 1
Country (United States) 14 of 16
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 Practia

Buenos Aires, Argentina

Practia is an independent technology companies and provider of digital business transformation services. Practia was founded in 1995 and is based in Buenos Aires, Argentina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Influential

Las Vegas, Nevada, United States

Influential is an influencer marketing company and platform, that authentically connects brands to audiences by developing, deploying, and optimizing creator-driven digital campaigns. Influential was formed in 2013 and is headquartered in Las Vegas, Nevada.

Buy -

Seller(S) 2

SELLER

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 19 of 19
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (Colorado) 1 of 1
Country (United States) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Rapid Prep

North Kingstown, Rhode Island, United States

Rapid Prep is a provider of surface preparation equipment rental services, equipment sales, and consumables, parts, and accessories sales nationwide. The Company services customers across the U.S. maritime, defense, industrial, and infrastructure industries. Rapid Prep provides a full suite of products, including but not limited to, dust collectors, vacuums, blasters, dryers, fans, pressure washers, and other related products. It provides a compelling customer value proposition by delivering the highest quality equipment in the industry, providing full service and maintenance, as well as offering unique fabrication and manufacturing capabilities. Rapid Prep was formed in 2006 and is headquartered in North Kingstown, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 SamCo

Centennial, Colorado, United States

SamCo is a residential concrete services franchisor operating 80 active franchise units across 30 states. The company provides a wide range of residential concrete services, including driveway and sidewalk repair and replacement, patios and other small concrete projects. SamCo was formed in 1989 and is based in Centennial, Colorado.

Buy -
DESCRIPTION

Black Lake Capital is a private investment firm focused on acquiring lower middle-market companies in the business and financial services, technology, and value-added industrials sectors. The Firm targets profitable ($2 to $12 million of cash flow) companies with a minimum of $10 million in revenue. Black Lake will consider opportunities throughout the US and Canada and has a preference for businesses with strong management in place and leading their respective markets. Black Lake Capital was formed in 2013 and is headquartered in Evergreen, Colorado.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Set Solutions

Houston, Texas, United States

Set Solutions is a full-service provider of network security, secure remote access, and bandwidth management solutions. The Company’s areas of expertise include architecture and implementation, incident response and management, and vulnerability assessments. Set Solutions’ aggressive technical certification process assures its clients are on the cutting edge of rapidly-changing security trends. By providing a comprehensive suite of products and services from multiple partners, the Company creates optimal security solutions without risking disclosure of its clients’ sensitive designs and configurations. Set Solutions was founded in 2006 and is based in Houston, Texas.

Sell -