M&A Deal Summary

Quad-C Management and Harvey & Company Acquire Apps Associates

On July 14, 2021, private equity firm Quad-C Management and merchant bank Harvey & Company acquired information technology company Apps Associates from BV Investment Partners

Acquisition Highlights
  • This is Quad-C Management’s 1st and Harvey & Company’s 1st transaction in the Information Technology sector.
  • This is Quad-C Management’s 48th and Harvey & Company’s 55th transaction in the United States.
  • This is Quad-C Management’s 1st and Harvey & Company’s 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2021-07-14
Target Apps Associates
Sector Information Technology
Buyer(s) Quad-C Management
Harvey & Company
Sellers(s) BV Investment Partners
Deal Type Secondary Buyout

Target

Apps Associates

Acton, Massachusetts, United States
Apps Associates is a global IT and business services organization that provides solutions for Cloud, Analytics, and Integration. Apps Associates is a rapidly growing, IT services business that specializes in implementing, optimizing, and maintaining complex ERP, business intelligence, and cloud applications. Apps Associates was founded in 2002 and is based in Acton, Massachusetts.

Search 201,292 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) 2

Buyer

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 52 of 62
Sector (Information Technology) 1 of 2
Type (Secondary Buyout) 14 of 17
State (Massachusetts) 1 of 1
Country (United States) 48 of 58
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 AIT Worldwide Logistics

Itasca, Illinois, United States

AIT Worldwide Logistics is a global freight forwarder that helps its customers grow by expanding access to markets all over the world where they can sell and/or procure raw materials, components, and finished goods. AIT Worldwide Logistics was founded in 1979 and is based in Itasca, Illinois.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Village Gourmet

New York, New York, United States

Village Gourmet is a producer of premium authentic branded and private label protein and snacking products. Village Gourmet offers products through five specialty heritage brands: Three Little Pigs, Fabrique Delices, Longhini Sausage, Uncle Charley’s Sausage Co., and Esposito’s Finest Quality Sausage. Village Gourmet was founded in 2020 and is based in New York, New York.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 57 of 72
Sector (Information Technology) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Massachusetts) 3 of 3
Country (United States) 55 of 67
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Pave America

Warrenton, Virginia, United States

Pave America is a provider of asphalt and concrete solutions including maintenance, repair, milling, sealcoating, and new paving services to commercial, municipal, and institutional customers as well as general contractors. Pave America is based in Warrenton, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 FDS Amplicare

Fort Worth, Texas, United States

FDS Amplicare is a provider of software and technology-enabled data solutions to the healthcare services industry. FDS Amplicare provides health care data services including prescription claims routing, prescription claims reviews & edits, robust data warehousing, e-prescribing, online DME claims processing, claims reconciliation, claims management backend services, patient education programs, and revenue-enhancing programs. FDS Amplicare was founded in 2011 and is based in Fort Worth, Texas.

Sell $177M

Seller(S) 1

SELLER

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 21 of 28
Sector (Information Technology) 7 of 10
Type (Secondary Buyout) 6 of 9
State (Massachusetts) 3 of 5
Country (United States) 20 of 27
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 CivicPlus

Manhattan, Kansas, United States

CivicPlus delivers technology solutions that enable local governments to optimize the experience they deliver when interacting with citizens. The company delivers a Civic Experience Platform that enables local governments to drive more revenue, operate more efficiently, and generate positive recognition for the many services they provide every day. CivicPlus was founded in 2000 and is based in Manhattan, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Ubiquity

New York, New York, United States

Ubiquity is a multinational business process outsourcing and fastest-growing private company in the United States. The company's Relationship-based Outsourcing pioneers next-gen CX, changing how brands interact with customers in an omnichannel world. Its team of 6,000+ dedicated problem-solvers combines deep industry knowledge with an agile methodology to understand how customer experience supports a brand's objectives and devise plans to accelerate toward them. Ubiquity provides multilingual, end-to-end solutions across industries, including customer experience management services, interactive voice response (IVR) and AI-enabled technologies, and Banking Operations support, incorporating fraud investigation, ID verification, and dispute and chargeback management. Ubiquity was founded in 2012 and is based in New York.

Buy -