M&A Deal Summary

Quad-C Management Acquires Synoptek

On September 27, 2022, private equity firm Quad-C Management acquired information technology company Synoptek from Sverica and Five Points Capital

Acquisition Highlights
  • This is Quad-C Management’s 2nd transaction in the Information Technology sector.
  • This is Quad-C Management’s 54th transaction in the United States.
  • This is Quad-C Management’s 8th transaction in California.

M&A Deal Summary

Date 2022-09-27
Target Synoptek
Sector Information Technology
Buyer(s) Quad-C Management
Sellers(s) Sverica
Five Points Capital
Deal Type Secondary Buyout

Target

Synoptek

Irvine, California, United States
Synoptek provides information technology management services and support to organizations worldwide. The company offers solutions to manage and operate IT infrastructure using their advanced IT service management (ITSM) capabilities, automated toolsets, and skilled technologists. Synoptek was formed in 2001 and is based in Irvine, California.

Search 201,539 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

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 58 of 62
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 15 of 17
State (California) 8 of 8
Country (United States) 54 of 58
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 Catapult

Orlando, Florida, United States

Catapult provides linerless and pressure-sensitive labels primarily to the food and beverage, industrial, and consumer end markets. Catapult leverages the latest printing technology and management’s operational experience to drive industry-leading service levels, lead times, and quality products. Catapult was founded in 2018 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 S.i. Systems

Calgary, Alberta, Canada

S.i. Systems is an IT staffing company that uses a proprietary web-based match-making solution called MatchGuide to provide precision contract and permanent placements for IT professionals across Canada. S.i. Systems was founded in 1994 and is based in Calgary, Alberta.

Sell -

Seller(S) 2

SELLER

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $150 million. Sverica looks to commit $15 to $50 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.


DEAL STATS #
Overall 23 of 28
Sector (Information Technology) 5 of 6
Type (Secondary Buyout) 7 of 10
State (California) 4 of 5
Country (United States) 20 of 24
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Omeda

Chicago, Illinois, United States

Omeda is a software-as-a-service audience relationship management platform built for media professionals allowing them to acquire, unify, manage and activate their data. The Company provides a real-time, single view of an organization’s audience through 24/7 data storage, data management, data matching and data activation. Omeda was founded in 1978 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-20 iWave Information Systems

Charlottetown, Prince Edward Island, Canada

iWave Information Systems is a provider of access to data and proprietary analytics to help prospect researchers, fundraisers, and other development professionals determine which donor prospects to ask, how much to ask for, and when to ask. iWave Information Systems was founded in 1991 and is based in Charlottetown, Prince Edward Island.

Sell -
SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 48 of 58
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 24 of 26
State (California) 2 of 2
Country (United States) 48 of 58
Year (2022) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 SuperStroke

Wixom, Michigan, United States

SuperStroke is a developer, marketer and outsourced manufacturer of golf equipment including oversized putter grips, round grips, and weighted grips. SuperStroke was formed in 1998 and is based in Wixom, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Linkage

Burlington, Massachusetts, United States

Linkage offers a variety of leadership training programs for senior and high potential executives of large companies, covering such areas as organizational development, innovation, team assessment and women in leadership. Linkage was founded in 1988 and is based in Burlington, Massachusetts.

Sell -