M&A Deal Summary

Roper Technologies Acquires TransCore Holdings

On December 20, 2004, Roper Technologies acquired information technology company TransCore Holdings from Eureka Equity Partners, First Analysis, KRG Capital Partners, Highstar Capital and American Capital for 600M USD

Acquisition Highlights
  • This is Roper Technologies’ 1st transaction in the Information Technology sector.
  • This is Roper Technologies’ 15th largest (disclosed) transaction.
  • This is Roper Technologies’ 4th transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2004-12-20
Target TransCore Holdings
Sector Information Technology
Buyer(s) Roper Technologies
Sellers(s) Eureka Equity Partners
First Analysis
KRG Capital Partners
Highstar Capital
American Capital
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 5 of 37
Sector (Information Technology) 1 of 6
Type (Add-on Acquisition) 5 of 37
State (Pennsylvania) 1 of 4
Country (United States) 4 of 32
Year (2004) 2 of 2
Size (of disclosed) 15 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-13 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.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-20 CIVCO Holdings

Kalona, Iowa, United States

CIVCO Holding, Inc., (“CIVCO”) CIVCO is a global leader in the design, manufacture and marketing of specialized accessories, equipment and supplies that complement ultrasound and minimally invasive surgery for critical diagnostic and therapeutic procedures. CIVCO partners with the world’s leading medical OEMs to design manufacture and distribute innovative accessories including ultrasound image-guided biopsy systems, infection control products (transducer covers and surgical covers) and stabilizing and positioning systems, enabling ultrasound-guided diagnostic and therapeutic procedures. The Company also distributes a complete line of imaging supplies including SONY and Mitsubishi printers and consumable print media, transmission gels and warmers, disinfectants, cleansers and soaking systems.

Buy -

Seller(S) 5

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 4 of 23
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 2 of 12
State (Pennsylvania) 3 of 9
Country (United States) 4 of 23
Year (2004) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-30 Elite Health Solutions

Dunmore, Pennsylvania, United States

Elite Health Solutions, through its operating subsidiary Lackawanna Mobile Diagnostic Services, is a regional provider of portable x-ray and related mobile diagnostic health services. Lackawanna serves nursing homes, hospitals, physician offices, private homes and correctional facilities from operating hubs in northeast Pennsylvania, the greater Philadelphia area and West Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-07 C/G Electrodes

Saint Marys, Pennsylvania, United States

C/G Electrodes is a leading manufacturer of consumable graphite electrodes used in the electric arc furnaces of steel mini-mills. These electrodes allow production temperatures to reach 5000 degrees Fahrenheit, believed to be the highest operating temperature in any industrial manufacturing process in the world. Cyprium Partners’ investment facilitated the buyout of minority shareholders of C/G.

Sell $8M
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 23 of 71
Sector (Information Technology) 6 of 13
Type (Add-on Acquisition) 19 of 51
State (Pennsylvania) 1 of 2
Country (United States) 23 of 70
Year (2004) 4 of 4
Size (of disclosed) 5 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-13 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.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Magnify Holdings

Albany, New York, United States

Magnify developed advanced data mining software targeted at the financial services and insurance industries. The company's offerings included applications addressing fraud and bankruptcy in the credit card market and loss reduction in the insurance industry. Magnify's Pattern software excelled at identifying subtle relationships contained in data and at automatically producing run-time models that enabled companies to take relevant actions to improve profitability.

Sell -
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 5 of 41
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 21
State (Pennsylvania) 1 of 3
Country (United States) 5 of 40
Year (2004) 4 of 4
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-13 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.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Varel Energy Solutions

Houston, Texas, United States

Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas.

Buy -
SELLER

Highstar Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Highstar Capital is a private equity fund focused on investments in infrastructure related companies and assets. Highstar specifically targets businesses that deal in energy, transportation, waste management and water. The Firm will consider opportunities throughout North America and Europe. Highstar Capital was formerly known as AIG Highstar Capital. The Firm was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 1 of 12
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 11
Year (2004) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 North Star Generation Services

Houston, Texas, United States

Northern Star Generation LLC ("NSG") is a privately held power generation company dedicated to providing reliable service to its customers, most of whom hold long term contracts with NSG for power generation capacity and energy production.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-19 InterGen NV

Burlington, Massachusetts, United States

InterGen NV is a global power generation platform in Europe, Australasia and Mexico with 12 power plants representing an equity share of 6,252 MW of production capacity.

Buy $1.8B
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 16 of 194
Sector (Information Technology) 1 of 10
Type (Add-on Acquisition) 8 of 87
State (Pennsylvania) 3 of 11
Country (United States) 16 of 186
Year (2004) 7 of 7
Size (of disclosed) 9 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-16 eLynx

Cincinnati, Ohio, United States

eLynx, Ltd. is a cloud based secure electronic document delivery ('EDD') solution provider to the mortgage industry.

Buy $39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-22 Qualitor

Southfield, Michigan, United States

Qualitor is a supplier of branded aftermarket safety and wear products for the automotive aftermarket. Qualitor provides wiper blades and auto care accessories, as well as brake hardware and related components. Qualitor was founded in 1999 and is based in Southfield, Michigan.

Buy -
Mergr

Product

Company

Legal