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M&A Deal Summary

Relyco Sales Acquires AvidXchange - Check Supply Business

On July 11, 2016, Relyco Sales acquired internet software and services company AvidXchange - Check Supply Business from AvidXchange

Acquisition Highlights
  • This is Relyco Sales’ 1st transaction in the Internet Software and Services sector.
  • This is Relyco Sales’ 1st transaction in the United States.
  • This is Relyco Sales’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-07-11
Target AvidXchange - Check Supply Business
Sector Internet Software and Services
Buyer(s) Relyco Sales
Sellers(s) AvidXchange
Deal Type Divestiture

Target

AvidXchange - Check Supply Business

Charlotte, North Carolina, United States
AvidXchange - Check Supply Business is a provider of accounts payable and payment automation solutions.

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Buyer(S) 1

Buyer

Relyco Sales

Dover, New Hampshire, United States
Category Company
Founded 1989
Sector Forest Products
DESCRIPTION

Relyco Sales, Inc. is a premier supplier of paper products and custom solutions specifically designed for laser, digital and inkjet printers.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

AvidXchange

Charlotte, North Carolina, United States
Category Company
Founded 2000
Sector Internet Software and Services
Revenue 439M USD (2024)
DESCRIPTION

AvidXchange is a SaaS-based provider of accounts payable management solutions for mid-sized companies in the real estate, banking, and healthcare industries. The company's product suite integrates with a customer's existing accounting systems to centralize and streamline accounts payable workflow. AvidXchange was formed in 2000 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 Strongroom Solutions

Houston,, Texas, United States

Strongroom Solutions, providing accounts payable (AP) software solutions to small and midsize businesses and companies that manage invoices and payments for hundreds of homeowner associations nationwide.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 BankTEL Systems

Columbus, Mississippi, United States

BankTEL Systems LLC is a provider of accounting solutions software that maintains transparency, accountability, and regulatory compliance. BankTEL Systems is based in Columbus, Mississippi.

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