M&A Deal Summary

Roper Technologies Acquires Dynisco

On December 15, 2006, Roper Technologies acquired software company Dynisco from Audax Private Equity, American Capital and Audax Private Debt for 243M USD

Acquisition Highlights
  • This is Roper Technologies’ 1st transaction in the Software sector.
  • This is Roper Technologies’ 21st largest (disclosed) transaction.
  • This is Roper Technologies’ 6th transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2006-12-15
Target Dynisco
Sector Software
Buyer(s) Roper Technologies
Sellers(s) Audax Private Equity
American Capital
Audax Private Debt
Deal Type Add-on Acquisition
Deal Value 243M USD

Target

Dynisco

Franklin, Massachusetts, United States
Dynisco LLC is a provider of software and highly engineered test, measurement and control technologies utilized in process industries with emerging applications in life science.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States

Category Company
Founded 1981
Sector Information Technology
Employees16,800
Revenue 6.2B USD (2023)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.


DEAL STATS #
Overall 8 of 37
Sector (Software) 1 of 14
Type (Add-on Acquisition) 8 of 37
State (Massachusetts) 1 of 1
Country (United States) 6 of 32
Year (2006) 2 of 2
Size (of disclosed) 21 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-08 AC Analytical Controls Holding B.V.

Rotterdam, Netherlands

AC Analytical Controls is a supplier of analytical instruments for the petrochemical industry, including gas- and liquid chromatographes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-17 The CBORD Group

Ithaca, New York, United States

The CBORD Group serves colleges and universities, health care facilities, corporations, chain restaurants, supermarkets and a host of other market segments. CBORD products are used in food service, catering, nutrition services, campus ID card privilege control, access control and electronic security, housing services, cashless dining, online ordering, and other institution-wide activities.

Buy $367M

Seller(S) 3

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 9 of 102
Sector (Software) 2 of 6
Type (Add-on Acquisition) 6 of 35
State (Massachusetts) 4 of 8
Country (United States) 9 of 97
Year (2006) 5 of 5
Size (of disclosed) 12 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-06 Stinger Solutions

Clearwater, Florida, United States

Stinger Solutions designs and distributes a broad suite of technology products for the automotive aftermarket. The Company is known for its PAC, Connects2, Stinger, and other quality brands, and AAMP is a trusted supplier to installers throughout North America and Europe. Stinger Solutions was formed in 1987 and is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-02 Dura-Line Holdings

Knoxville, Texas, United States

Dura-Line Holdings, Inc. is a manufacturer and distributor of communication and energy infrastructure plastic products and systems including conduit, cable-in-conduit, pipe, and accessories.

Buy -
SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 57 of 194
Sector (Software) 1 of 9
Type (Add-on Acquisition) 31 of 87
State (Massachusetts) 2 of 4
Country (United States) 56 of 186
Year (2006) 26 of 26
Size (of disclosed) 27 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 Forest Alaska Operating

Long Beach, California, United States

Forest Oil Corporation, an oil and gas company engaged in the acquisition, exploration, development and production of reserves primarily in North America.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-28 Coghead

Redwood City, California, United States

Coghead is a provider of a web-based platform that enables businesspeople who are not programmers to create and deliver their own web-based applications. Coghead provides a web-based platform that enables tech-savvy businesspeople to create, manage and deliver their own web-based applications. Coghead was founded in 2003 and is based in Redwood City, California.

Buy -
SELLER

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.


DEAL STATS #
Overall 5 of 51
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 19
State (Massachusetts) 2 of 5
Country (United States) 5 of 51
Year (2006) 3 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-06 SafeWorks

Seattle, Washington, United States

SafeWorks LLC is a manufacturer and distributor of powered suspended access and safety solutions for a wide variety of energy, infrastructure, construction and restoration industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Hilco Vision

Mansfield, Massachusetts, United States

Hilco Vision is a distributor of branded and consumable professional eyecare products and optical accessories throughout the eye healthcare supply chain. Hilco Vision has a highly diverse suite of branded and non-branded optical products and accessories, offering more than 30,000 SKUs and an expansive distribution network, uniquely allowing the Company to serve both optical chains and independent optical locations alike as a "one-stop-shop." Hilco Vision was founded in 1956 and is based in Mansfield, Massachusetts.

Buy -