Investment Summary

NewSpring Capital, Invus Group and Rho Acceleration Exits SnagAJob

On November 15, 2024, JobGet invested in internet software and services company SnagAJob from NewSpring Capital, Invus Group and Rho Acceleration

Investment Highlights
  • This is JobGet’s 1st transaction in the Internet Software and Services sector.
  • This is JobGet’s 1st transaction in the United States.
  • This is JobGet’s 1st transaction in Virginia.

Investment Summary

Date 2024-11-15
Target SnagAJob
Sector Internet Software and Services
Investor(s) JobGet
Sellers(s) NewSpring Capital
Invus Group
Rho Acceleration
Deal Type Add-on Acquisition

Target

SnagAJob

Glen Allen, Virginia, United States
SnagAJob is an online community of hourly workers and a provider of workforce management solutions that allow employers to more effectively hire and manage their hourly workforce. SnagAJob was founded in 1999 and is based in Glen Allen, Virginia.

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Investor(S) 1

Investor

JobGet

Boston, Massachusetts, United States

Category Company
Founded 2019
Sector Internet Software and Services
DESCRIPTION

JobGet is a fastest-growing app for job seekers in the service industries, supporting restaurants, food service, retail, customer support, hospitality, healthcare, warehouse, trucking, and more. JobGet use skill-based matching to expand your candidate pool by 8x, connecting you with high-intent, qualified candidates you won’t find on traditional job sites. JobGet was founded in 2019 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-24 CareerBuilder - Job Board Business

Chicago, Illinois, United States

CareerBuilder's Job Board Business offers digital recruitment solutions that connect job seekers with employers across a wide range of industries. CareerBuilder's Job Board Business is based in Chicago, Illinois.

Buy -

Seller(S) 3

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 86 of 92
Sector: Internet Software and Services M&A 7 of 8
Type: Add-on Acquisition M&A Deals 48 of 52
State: Virginia M&A 3 of 4
Country: United States M&A 85 of 91
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 Virginia Food Group

Wakefield, Virginia, United States

Virginia Food Group is a manufactures, markets, and distributes Virginia peanuts and snack mixes. Virginia Food Group is based in Wakefield, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 BOF

Aurora, Illinois, United States

BOF is a manufacturer of customized gravity-flow merchandising solutions serving the retail industry. BOF was founded in 1953 and is based in Aurora, Illinois.

Sell -
SELLER

Invus Group

New York, New York, United States

Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Invus Group is a private, global investment firm that makes equity investments in private and public companies. For private companies, Invus seeks control as well as minority investments in high-growth companies where the firm can add strategic value. For public companies, Invus looks to invest in small to mid-cap stocks that are trading below the firm's assessment of their intrinsic business value. Areas of interest include consumer products and services, food, specialty retail, software, biotech, medical devices and products and services to professionals. Invus typically targets investments in the US, Europe, and Asia. The Invus Group was formed in 1985 and is based in New York City.


DEAL STATS #
Overall 6 of 6
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 AirTies

Paris, France

AirTies is a provider of cloud-based managed in-home Wi-Fi solutions, serving internet service providers ("ISPs") with a combined footprint in excess of 80 million households across the world. AirTies was founded in 2004 and is based in Paris, France

Sell -
SELLER

Rho Acceleration

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
Size Middle-Market
Type Sector Focused
DESCRIPTION

Rho Acceleration is a division of Rho Capital Partners, targets buyout and recap investments in mid-market technology companies. Rho target software, digital media, and tech-enabled service companies. Rho was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Passport Labs

Charlotte, North Carolina, United States

Passport Labs is a mobile technology company providing enterprise software to help parking and transit agencies connect with their communities. Passport’s mobility platform enables clients to digitally coordinate all modes of transportation and implement real-time, data-centric management of their curbside and streetspace through its enterprise software. Passport Labs was founded in 2010 and is based in Charlotte, North Carolina.

Buy -