M&A Deal Summary

SPi Technologies Acquires CyMed

On August 11, 2006, SPi Technologies acquired business services company CyMed from Hagerty Peterson

Acquisition Highlights
  • This is SPi Technologies’ 1st transaction in the Business Services sector.
  • This is SPi Technologies’ 1st transaction in the United States.
  • This is SPi Technologies’ 1st transaction in Vermont.

M&A Deal Summary

Date 2006-08-11
Target CyMed
Sector Business Services
Buyer(s) SPi Technologies
Sellers(s) Hagerty Peterson
Deal Type Add-on Acquisition

Target

CyMed

Makati City, Vermont, United States
CyMed is a national provider of top quality medical transcription and medical records management services to healthcare providers.

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Buyer(S) 1

Buyer

SPi Technologies

Makati City, Philippines

Category Company
Founded 1980
Sector Information Technology
DESCRIPTION

SPi Technologies, Inc. provides knowledge process outsourcing and customer interaction services.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Hagerty Peterson

Barrington, Illinois, United States

Category Merchant Bank
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hagerty Peterson and Company, LLC is a merchant bank and private equity firm that seeks to work with companies that provide technology driven solutions to commercial clients. The firm focuses on the business services and information services sectors of the economy. Hagerty Peterson and Company LLC was formed in 1997 and is based in Barrington, Illinois.


DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Vermont) 1 of 1
Country (United States) 1 of 4
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-23 United Marketing Group

Schaumburg, Illinois, United States

United Marketing Group LLC is a direct marketer of affinity merchandise offers and membership-based services. UMG provides s marketing, creative and operational capabilities, and brings superior value to its commercial clients by combining this specialized expertise with customer databases to develop and execute custom-designed, seamless programs. United Marketing Group is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-15 Wisdom Tools

Bloomington, Indiana, United States

Wisdom Tools, Inc. is a provider of customized, Web-based learning that leverages the power of stories. Its scenarios bring content to life and cause the audience to internalize a new experience, absorb knowledge and gain understanding through drama.

Sell -