M&A Deal Summary

Rubicon Technology Partners Acquires EverTrue

On October 28, 2021, private equity firm Rubicon Technology Partners acquired software company EverTrue

Acquisition Highlights
  • This is Rubicon Technology Partners’ 11th transaction in the Software sector.
  • This is Rubicon Technology Partners’ 12th transaction in the United States.
  • This is Rubicon Technology Partners’ 4th transaction in Massachusetts.

M&A Deal Summary

Date 2021-10-28
Target EverTrue
Sector Software
Buyer(s) Rubicon Technology Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

EverTrue

Boston, Massachusetts, United States
EverTrue is a software, data, and services empower higher education and independent school advancement teams to create personalized experiences for donors. EverTrue was founded in 2010 and is based in Boston, Massachusetts.

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Buyer(S) 1

DESCRIPTION

Rubicon Technology Partners is a specialist private equity firm firm that invests in lower middle-market enterprise software and technology-enabled services companies. Rubicon looks to make control investments of $75 to $350 million in businesses generating $15 to $75 million in revenue. Target transaction situations include buyouts and recapitalizations of closely held private companies, corporate divestitures, carve-outs or spin-outs, buy and build opportunities, and shareholder liquidity events. Rubicon was founded in 2012 and is based in Boulder, Colorado.


DEAL STATS #
Overall 17 of 22
Sector: Software M&A 11 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Massachusetts M&A 4 of 4
Country: United States M&A 12 of 16
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Uplight

Boulder, Colorado, United States

Uplight is a provider of energy management software, hardware, and services for consumers and utility companies. Uplight data analytics on more than 123 million homes creates new business opportunities for any product or service provider connected to the home. Today, this includes electric and gas utilities, and energy retailers. Built over more than a decade, the Tendril Platform delivers real-time, ever-evolving data about the home and how people use energy in it. These rich insights help our customers improve customer acquisition, increase engagement and orchestrate home energy experiences. Uplight was founded in 2004 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 AppNeta

Boston, Massachusetts, United States

AppNeta is a provider of proactive application and network monitoring solutions built for the distributed, cloud-connected, digital enterprise. AppNeta was founded in 2011 and is based in Boston, Massachusetts.

Sell -