M&A Deal Summary

Revelstoke Capital Partners Acquires MediQuant

On September 4, 2024, private equity firm Revelstoke Capital Partners acquired software company MediQuant from Silversmith Capital Partners

Acquisition Highlights
  • This is Revelstoke Capital Partners’ 2nd transaction in the Software sector.
  • This is Revelstoke Capital Partners’ 21st transaction in the United States.
  • This is Revelstoke Capital Partners’ 2nd transaction in Ohio.

M&A Deal Summary

Date 2024-09-04
Target MediQuant
Sector Software
Buyer(s) Revelstoke Capital Partners
Sellers(s) Silversmith Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Ropes & Gray (Legal)

Target

MediQuant

Independence, Ohio, United States
MediQuant is a provider of archiving solutions for hospitals and health systems. The Company’s flagship product, DataArk, is a solution that assists hospitals in retiring legacy clinical and administrative software platforms and maintaining access to relevant data via a cloud-based software platform. Active archiving grants users necessary functionality of a legacy system without the expense and risks. Data is kept active for quickly retrieving files, easily updating old records and continuing to bill accounts. MediQuant was established in 1999 and is based in Independence, Ohio.

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Buyer(S) 1

Buyer
DESCRIPTION

Revelstoke Capital Partners is a private equity firm focused on acquiring and building industry leading companies. For platform acquisitions, Revelstoke seeks profitable companies (> $5 million) and looks to commit $10 to $250 million per transaction. The Firm will consider majority and minority positions and seeks situations where companies have opportunities for growth, either organically or through add-ons. Targeted industries include healthcare services, transportation, logistics, specialty distribution, business services, and insurance. Revelstoke Capital Partners was formed in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 21 of 24
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 9
State: Ohio M&A 2 of 2
Country: United States M&A 21 of 24
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Monte Nido

Miami, Florida, United States

Monte Nido is a provider of treatment for eating disorders and exercise addiction to adults and adolescents. Monte Nido Holdings was founded in 1996 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-15 NAKEDMD

Newport Beach, California, United States

NAKEDMD is a physician-led medical aesthetics business that operates 18 locations across two states and, through its partner clinics, offers services including fillers, toxins, and other aesthetics treatments. NAKEDMD was founded in 2022 and is based in Newport Beach, California.

Buy -

Seller(S) 1

SELLER

Silversmith Capital Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2015
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 8
Sector: Software M&A 4 of 5
Type: Secondary Buyout M&A Deals 2 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Venminder

Elizabethtown, Kentucky, United States

Venminder is a provider of vendor risk management solutions. Venminder through the firm’s software and a suite of outsourced services, Venminder has pioneered a new age in vendor management by dramatically reducing the workload essential to meeting today’s demanding regulatory requirements. Venminder is based in Elizabethtown, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-23 Iodine Software

Austin, Texas, United States

Iodine Software is a provider of artificial intelligence-based software solutions for health systems that reduce errors and omissions in clinical documentation. Iodine Software was founded in 2010 and is based in Austin, Texas.

Sell $1.3B