Investment Summary

Seaport Capital Invests In eostar

On October 22, 2019, private equity firm Seaport Capital invested in internet software and services company eostar

Investment Highlights
  • This is Seaport Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is Seaport Capital’s 30th transaction in the United States.
  • This is Seaport Capital’s 1st transaction in Michigan.
Investment Fate
  • eostar was sold to a strategic buyer in 2022.

Investment Summary

Date 2019-10-22
Target eostar
Sector Internet Software and Services
Investor(s) Seaport Capital
Deal Type Growth Capital

Target

eostar

Holland, Michigan, United States
eostar is a provider of end-to-end software solutions for beverage distributors, including route accounting, warehouse management, forecasting, and mobile sales capabilities through its proprietary software. eostar was established in 1986 and is based in Holland, Michigan.

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Investor(S) 1

Investor

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 32 of 38
Sector: Internet Software and Services M&A 3 of 3
Type: Growth Capital M&A Deals 10 of 12
State: Michigan M&A 1 of 1
Country: United States M&A 30 of 36
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 All Traffic Data Services

Wheat Ridge, Colorado, United States

All Traffic Data Services provides traffic data collection and reporting, consulting services, and transportation asset management to a multitude of civil engineering firms, state and local transportation networks, commercial establishments, and cities across the US. All Traffic Data Services was founded in 2001 and is based in Wheat Ridge, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Linen King

Tulsa, Oklahoma, United States

Linen King is a provider of outsourced healthcare laundry services to hospitals and healthcare facilities across the mid-South US. Linen King was established in 1999 and is based in Tulsa, Oklahoma.

Buy -