M&A Deal Summary

Roper Technologies Acquires TransCore

On December 13, 2004, Roper Technologies acquired communications company TransCore from First Analysis and KRG Capital Partners for 600M USD

Acquisition Highlights
  • This is Roper Technologies’ 1st transaction in the Communications sector.
  • This is Roper Technologies’ 15th largest (disclosed) transaction.
  • This is Roper Technologies’ 3rd transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2004-12-13
Target TransCore
Sector Communications
Buyer(s) Roper Technologies
Sellers(s) First Analysis
KRG Capital Partners
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

TransCore

Nashville, Tennessee, United States
TransCore's expertise includes systems integration, design consulting, operations, maintenance, manufacturing, RFID and satellite communications technologies, and extensive Web-based logistics and transportation management systems. TransCore’s businesses are organized under two groups: intelligent transportation Systems and commercial technology. TransCore is the largest global manufacturer of transportation-based RFID technology with more than 46 million RFID tags and 67,000 readers deployed worldwide in various transportation applications such as electronic toll collection, traffic management, rail, truck, container, barge and intermodal tracking and monitoring, homeland security border control, airport ground transportation, parking, and secure vehicle access control.

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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 4 of 37
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 4 of 37
State (Tennessee) 1 of 1
Country (United States) 3 of 32
Year (2004) 1 of 2
Size (of disclosed) 15 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-28 Neptune Technology Group

Tallassee, Alabama, United States

Neptune Technology Group, Inc. is a water meter and meter reading systems manufacturer in North America. Neptune Technology was formed in 1892 and is based in Tallassee, Alabama.

Buy $475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 TransCore Holdings

Hummelstown, Pennsylvania, United States

TransCore Holdings, Inc is a provider of technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services.

Buy $600M

Seller(S) 2

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 22 of 71
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 18 of 51
State (Tennessee) 1 of 1
Country (United States) 22 of 70
Year (2004) 3 of 4
Size (of disclosed) 5 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 bTrade

Glendale, California, United States

As part of its offering of infrastructure and services that enabled quick and secure mission-critical data exchange over networks, bTrade established itself as a leading provider in the market of product item synchronization, established by the Uniform Code Council (UCC) and identified as a key reference technology for radio frequency identification (RFID) supply chain enablement.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 TransCore Holdings

Hummelstown, Pennsylvania, United States

TransCore Holdings, Inc is a provider of technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services.

Sell $600M
SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 4 of 41
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 21
State (Tennessee) 1 of 1
Country (United States) 4 of 40
Year (2004) 3 of 4
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-08 Aspen Marketing Services

West Chicago, Illinois, United States

Aspen Marketing Services (Aspen) Aspen is an integrated marketing services company with approximately 400 professionals located in nine offices nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 TransCore Holdings

Hummelstown, Pennsylvania, United States

TransCore Holdings, Inc is a provider of technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services.

Sell $600M