M&A Deal Summary

Resurgens Technology Partners Acquires Detechtion Technologies

On July 10, 2023, private equity firm Resurgens Technology Partners acquired information technology company Detechtion Technologies from Element Partners

Acquisition Highlights
  • This is Resurgens Technology Partners’ 3rd transaction in the Information Technology sector.
  • This is Resurgens Technology Partners’ 12th transaction in the United States.
  • This is Resurgens Technology Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2023-07-10
Target Detechtion Technologies
Sector Information Technology
Buyer(s) Resurgens Technology Partners
Sellers(s) Element Partners
Deal Type Secondary Buyout
Advisor(s) AGC Partners (Financial)

Target

Detechtion Technologies

Houston, Texas, United States
Detechtion Technologies is a provider of performance optimization and fleet management technology for natural gas compression fleets. Detechtion leads the digital transformation and optimization of natural gas compression, oilfield chemicals, and other production operations with Asset Performance Management (APM), Industrial Internet of Things (IIoT), and Mobile solutions. Detechtion Technologies was founded in 1999 and is based in Houston, Texas.

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Buyer(S) 1

DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 14 of 17
Sector (Information Technology) 3 of 3
Type (Secondary Buyout) 1 of 3
State (Texas) 2 of 2
Country (United States) 12 of 14
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 MCIM by Fulcrum Collaborations

Glen Allen, Virginia, United States

MCIM by Fulcrum Collaborations is a provider of end-to-end enterprise asset management, computerized maintenance management, and asset performance management software for mission-critical facilities. MCIM by Fulcrum Collaborations was founded in 2010 and is based in Glen Allen, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Valant

Seattle, Washington, United States

Valant is a software-as-a-service organization serving the needs of the behavioral healthcare industry. Its disruptive technology solutions combine deep domain and technical expertise to improve behavioral healthcare quality by reinventing how electronic healthcare record (EHR) systems serve mental health providers and their patients. Valant was founded in 2005 and is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

Element Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Element Partners is a specialist private equity firm focused on late-stage investments in alternative energy and clean technology companies. Target businesses are at or near profitability with experienced management. Sectors of interest include energy/power, water/environmental controls, chemicals/advanced materials, and manufacturing/industrial. Element Partners was formed in the year 2005 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 25 of 25
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Texas) 4 of 4
Country (United States) 22 of 22
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Hayward Gordon Group

Halton Hills, Ontario, Canada

Hayward Gordon Group is a designer, manufacturer, and distributor of mixers, pumps, engineered systems, and process equipment for mining, environmental, oil and gas, and chemical industries. Hayward Gordon Group was founded in 1952 and is based in Halton Hills, Ontario.

Sell -