M&A Deal Summary

Seaside Equity Partners Acquires ProCern

On February 1, 2021, private equity firm Seaside Equity Partners acquired information technology company ProCern

Acquisition Highlights
  • This is Seaside Equity Partners’ 2nd transaction in the Information Technology sector.
  • This is Seaside Equity Partners’ 5th transaction in the United States.
  • This is Seaside Equity Partners’ 1st transaction in Colorado.

M&A Deal Summary

Date 2021-02-01
Target ProCern
Sector Information Technology
Buyer(s) Seaside Equity Partners
Deal Type Recapitalization

Target

ProCern

Broomfield, Colorado, United States
ProCern offers infrastructure management, cybersecurity, end-user help desk, and data and application modernization services. ProCern was founded in 1997 and is based in Broomfield, Colorado.

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Buyer(S) 1

Buyer

Seaside Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Seaside Equity Partners is a growth-oriented private equity firm focused on partnering with management teams to accelerate growth initiatives, expand margins, and improve cash-flow. Seaside targets businesses with $10 to $150 million of revenue where it can deploy up to $75 million of equity capital. Sectors of interest include industrial services, technology, education, business services, and specialty processing/distribution. Seaside Equity Partners was formed in 2017 and is headquartered in San Diego, California.


DEAL STATS #
Overall 5 of 13
Sector: Information Technology M&A 2 of 3
Type: Recapitalization M&A Deals 1 of 1
State: Colorado M&A 1 of 3
Country: United States M&A 5 of 13
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Cascade Training Solutions

Seattle, Washington, United States

Cascade Training Solutions provides individuals, healthcare organizations, public safety agencies, and corporate entities with resuscitation, safety, and compliance solutions from the most basic workplace safety class to the most advanced healthcare resuscitation programs. Cascade Healthcare Services was founded in 2002 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 FirstLine Road Solutions

Phoenix, Arizona, United States

FirstLine Road Solutions is an end-to-end road solution with the ability to deliver comprehensive towing, transport, recovery and environmental services. FirstLine Road Solutions is based in Phoenix, Arizona.

Buy -