M&A Deal Summary

Renovus Capital Acquires QualX

On September 11, 2024, private equity firm Renovus Capital acquired internet software and services company QualX

Acquisition Highlights
  • This is Renovus Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is Renovus Capital’s 39th transaction in the United States.
  • This is Renovus Capital’s 4th transaction in Virginia.

M&A Deal Summary
Date 2024-09-11
Target QualX
Sector Internet Software and Services
Buyer(s) Renovus Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) GreenbergTraurig (Legal)

Target

QualX

Springfield, Virginia, United States
QualX is a provider of records and information management, digital transformation, and business process improvement services to agencies across the Federal government. QualX was founded in 2009 and is based in Springfield, Virginia.

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Buyer(S) 1

Buyer

Renovus Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 40 of 42
Sector (Internet Software and Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 16 of 18
State (Virginia) 4 of 4
Country (United States) 39 of 41
Year (2024) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Case Works

Austin, Texas, United States

Case Works is a provider of tech-enabled litigation support solutions to the country's premier plaintiff law firms. Case Works provides a full suite of case management services including claims qualification, intake, medical records retrieval & review, case development, and ongoing plaintiff engagement. Case Works is base in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-27 LeapPoint

Reston, Virginia, United States

LeapPoint is a management and technology consulting firm that provides advisory and digital services as well as custom application development. LeapPoint offers a thoughtful blend of resources to bring just the right mix of business acumen and functional expertise to drive enterprise change. LeapPoint was founded in 2006 and is based in Reston, Virginia.

Sell -
Mergr

Product

Company

Legal