M&A Deal Summary

SSM Partners Acquires KEEPS

On January 6, 2021, growth capital firm SSM Partners acquired software company KEEPS

Acquisition Highlights
  • This is SSM Partners’ 4th transaction in the Software sector.
  • This is SSM Partners’ 26th transaction in the United States.
  • This is SSM Partners’ 2nd transaction in Nevada.

M&A Deal Summary
Date 2021-01-06
Target KEEPS
Sector Software
Buyer(s) SSM Partners
Deal Type Recapitalization
Advisor(s) Portico Capital Securities (Financial)
Jackson Walker (Legal)

Target

KEEPS

Las Vegas, Nevada, United States
KEEPS creates solutions that provide industry-exclusive daily actionable data designed to save management time and improve profits for automotive service operations. KEEPS was founded in 1993 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

SSM Partners

Memphis, Tennessee, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

SSM Partners is a private equity firm that targets investments in smaller, rapidly growing, private companies based in the Southeast US. Areas of interest include business/outsourcing services, healthcare and consumer services. SSM focuses on transactions requiring $5 to $20 million of equity. Prospective transactions include growth financings, acquisitions, management led buyouts, and recapitalizations. SSM will also consider early-stage opportunities. SSM Partners is based in Memphis, Tennessee.

DEAL STATS #
Overall 26 of 29
Sector (Software) 4 of 5
Type (Recapitalization) 2 of 2
State (Nevada) 2 of 2
Country (United States) 26 of 29
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Apixio

San Mateo, California, United States

Apixio, Inc. is an operator of an AI healthcare analytics company that is developed to a patented analytics platform to improve healthcare delivery through novel insights from medical records and administrative data. Apixio’s computing platform is built upon insights from analyzing more than 6 million patient charts. Apixio was founded in 2009 and is based in San Mateo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 One Mnet Health

Aliso Viejo, California, United States

One Mnet Health is a provider of patient billing solutions for surgical hospitals and ambulatory surgical centers. One Mnet Health is based in Aliso Viejo, California.

Buy -
Mergr

Product

Company

Legal