M&A Deal Summary

Serent Capital Acquires Davisware

On August 22, 2019, growth capital firm Serent Capital acquired software company Davisware

Acquisition Highlights
  • This is Serent Capital’s 18th transaction in the Software sector.
  • This is Serent Capital’s 40th transaction in the United States.
  • This is Serent Capital’s 1st transaction in Illinois.

M&A Deal Summary
Date 2019-08-22
Target Davisware
Sector Software
Buyer(s) Serent Capital
Deal Type Add-on Acquisition
Advisor(s) GCA Corp. (Financial)

Target

Davisware

West Dundee, Illinois, United States
Davisware is a provider of ERP software for field services businesses, contractors and OEMs across a variety of end markets including food equipment service, petroleum contracting, commercial HVAC, and other specialty trades. Davisware was founded in 1988 and is based in West Dundee, Illinois.

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Buyer(S) 1

Buyer

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.

DEAL STATS #
Overall 41 of 69
Sector (Software) 18 of 31
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 40 of 65
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Restaurant365

Irvine, California, United States

Restaurant365 is a restaurant management platform that provides accounting, inventory, scheduling, payroll, and HR solution developed specifically for restaurants. The R365 platform simplifies day-to-day management for restaurant operators, allowing them to control food costs and optimize labor costs. Integrations and open APIs enable Restaurant365 to connect with other systems including POS providers, vendors, and banks. Restaurant365 was founded in 2011 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 ePayPolicy

Austin, Texas, United States

ePayPolicy is an electronic payment solutions for the independent insurance industry. Specifically, the company has been on a mission to replace paper checks by enabling policyholders to pay electronically via credit card or ACH. ePayPolicy was founded in 2017 and is based in Austin, Texas.

Buy -
Mergr

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Company

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