Add-on Acquisition • Software

Saracen Energy Exits FuelQuest

On August 27, 2014, Gilbarco invested in software company FuelQuest from Saracen Energy

Investment Context
  • This is Gilbarco’s 1st transaction in the Software sector.
  • This is Gilbarco’s 2nd transaction in the United States.
  • This is Gilbarco’s 1st transaction in Texas.

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Investment Summary

Date August 27, 2014
Target FuelQuest
Sector Software
Investor(s) Gilbarco
Sellers(s) Saracen Energy
Deal Type Add-on Acquisition

Target Company

FuelQuest

Houston, Texas, United States
FuelQuest, Inc. is a provider of supply chain management and tax automation software and services for suppliers, distributors, fuel buyers, and traders in the global downstream energy industry.
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Investor Overview 1

Investor

Gilbarco

Greensboro, North Carolina, United States

Category Company
Founded 1870
Sector Information Technology
DESCRIPTION

Gilbarco, Inc. (dba Gilbarco Veeder-Root) is a technology provider for retail and commercial fueling operations. They offer the broadest range of integrated solutions from the forecourt to the convenience store and head office.


Deal Context for Investor #
Overall 2 of 5
Sector: Software 1 of 1
Type: Add-on Acquisition 2 of 5
State: Texas 1 of 1
Country: United States 2 of 3
Year: 2014 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-06 ANGI Energy Systems

Milton, Wisconsin, United States

ANGI Energy Systems is a North American company that designs and manufactures systems for compressed natural gas (CNG) vehicle fueling and tube trailer transport in applications around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-12 Odysii Technologies

Herzliya, Israel

Odysii Technologies Ltd. is a provider of marketing intelligence software solutions for one-on-one marketing and suggestive selling at the point-of-purchase.

Buy -

Seller Profile 1

DESCRIPTION

Saracen Energy is an energy trading and investment firm focused on exploiting pricing inefficiencies across time, quality, location and commodity classes. Saracen Energy was formed in 2004 and is based in Houston, Texas.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-22 FuelQuest

Houston, Texas, United States

FuelQuest, Inc. is a provider of supply chain management and tax automation software and services for suppliers, distributors, fuel buyers, and traders in the global downstream energy industry.

Buy -