M&A Deal Summary

RLJ Equity Partners Acquires Crossfuze

On October 8, 2018, private equity firm RLJ Equity Partners acquired information technology company Crossfuze from Inergex

Acquisition Highlights
  • This is RLJ Equity Partners’ 2nd transaction in the Information Technology sector.
  • This is RLJ Equity Partners’ 11th transaction in the United States.
  • This is RLJ Equity Partners’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2018-10-08
Target Crossfuze
Sector Information Technology
Buyer(s) RLJ Equity Partners
Sellers(s) Inergex
Deal Type Divestiture

Target

Crossfuze

Minneapolis, Minnesota, United States
Crossfuze is a provider of consulting, design, implementation services, and resale of the ServiceNow technology platform. The company has deployed over 1,200 successful projects that have helped companies of all sizes achieve digital transformation with ServiceNow. Crossfuze was established in 2000 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

RLJ Equity Partners

Bethesda, Maryland, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RLJ Equity Partners LLC is a private equity firm focused on long term investments in North American middle-market companies. The Firm looks to invest $10 to $30 million per transaction in companies valued between $25 and $100 million. RLJ targets companies operating in the fields of aerospace/defense, auto/transportation, business services, consumer retail, media, and telecom. Types of transactions include corporate divestitures, buyouts, recapitalizations, growth equity, and add-on acquisitions. RLJ Equity Partners LLC was formed in 2006 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 14 of 19
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 11 of 16
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 EnviroVac Holdings

Savannah, Georgia, United States

EnviroVac Holdings LLC is a provider of mission-critical cleaning and maintenance services to blue-chip customers. EnviroVac provides general industrial, chemical cleaning, environmental, digital inspections, fluid treatment and automated cleaning solutions to the power & utilities, pulp & paper, chemical, steel and manufacturing end industries. EnviroVac Holdings LLC was established in 1998 and is headquartered in Savannah, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Pro-Vac

Kent, Washington, United States

Pro-Vac is an environmental, infrastructure, and municipal services provider in the Pacific Northwest. Pro-Vac offers a comprehensive suite of essential support services to the infrastructure, municipal, and environmental markets, including hydro excavation, storm, and sewer maintenance, pipe/line jetting, industrial vacuum cleaning, CCTV inspection, commercial sweeping, tank rental, and other specialty services. Pro-Vac was founded in 2002 and is based in Kent, Washington.

Buy -

Seller(S) 1

SELLER

Inergex

Buffalo, New York, United States

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Inergex is an IT image changing company, helping enterprise-sized organizations around the country achieve notable IT-related results by applying advanced and creative approaches in areas such as IT service management / serviceNow, managed services, project management, business intelligence, and application development. Inergex was founded in 2000 and is based in Buffalo, New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 Crossfuze

Minneapolis, Minnesota, United States

Crossfuze is a provider of consulting, design, implementation services, and resale of the ServiceNow technology platform. The company has deployed over 1,200 successful projects that have helped companies of all sizes achieve digital transformation with ServiceNow. Crossfuze was established in 2000 and is based in Minneapolis, Minnesota.

Buy -