Investment Summary

Silver Oak Services Partners Invests In iSystems

On May 2, 2014, private equity firm Silver Oak Services Partners invested in internet software and services company iSystems

Investment Highlights
  • This is Silver Oak Services Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Silver Oak Services Partners’ 14th transaction in the United States.
  • This is Silver Oak Services Partners’ 1st transaction in Vermont.
Investment Fate
  • iSystems was sold to a publicly-traded strategic buyer in 2017.

Investment Summary

Date 2014-05-02
Target iSystems
Sector Internet Software and Services
Investor(s) Silver Oak Services Partners
Deal Type Growth Capital
Advisor(s) Woodside Capital Partners (Financial)

Target

iSystems

Colchester, Vermont, United States
iSystems LLC is a national Software as a Service (“SaaS”) provider of payroll, tax and HR management software for service bureaus including independent payroll processors, banks and CPAs. iSystems delivers payroll processing capabilities to service bureaus through its core software platform, evolution®.

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Investor(S) 1

Investor

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.


DEAL STATS #
Overall 14 of 38
Sector: Internet Software and Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 3
State: Vermont M&A 1 of 1
Country: United States M&A 14 of 38
Year: 2014 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 PE GI Solutions

Jamison, Pennsylvania, United States

PE GI Solutions is a developer, manager, and owner of freestanding, single-specialty endoscopic Ambulatory Surgery Centers in partnership with practicing physicians and hospitals. PE GI Solutions was founded in 1998 and is based in Jamison, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 Convergent Resources

Alpharetta, Georgia, United States

Convergent Resources, Inc. is a provider of outsourced accounts receivable management (“ARM”) services to a wide array of industries, including healthcare, utilities, telecommunications and financial services.

Sell -