M&A Deal Summary

Staple Street Capital Acquires Ivy Technology

On June 4, 2019, private equity firm Staple Street Capital acquired technology hardware company Ivy Technology from iQor

Acquisition Highlights
  • This is Staple Street Capital’s 2nd transaction in the Technology Hardware sector.
  • This is Staple Street Capital’s 1st transaction in Ireland.

M&A Deal Summary
Date 2019-06-04
Target Ivy Technology
Sector Technology Hardware
Buyer(s) Staple Street Capital
Sellers(s) iQor
Deal Type Divestiture

Target

Ivy Technology

Dublin, Ireland
Ivy Technology is a provider of aftermarket lifecycle care solutions for electronic equipment to the electronics, computer, telecommunications, medical device, internet of things (“IoT”), and other industries. Ivy Technology is based in Dublin, Ireland.

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Buyer(S) 1

Buyer

Staple Street Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Staple Street Capital is a private equity firm focused on acquiring middle-market companies with $50 to $500 million in revenue. Staple Street looks to invest up to $125 million per transaction and will consider opportunities in the business services, chemicals, communications, media, software, consumer, retail, distribution, energy, financial services, healthcare, industrial, and manufacturing sectors. Prospective transaction situations include carve-outs, family-owned business acquisitions, recapitalizations, consolidations, take privates, and special situations. Staple Street Capital was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 7 of 12
Sector (Technology Hardware) 2 of 2
Type (Divestiture) 2 of 2
Country (Ireland) 1 of 1
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Dominion Voting Systems

Toronto, Ontario, Canada

Dominion Voting Systems is a provider of hardware and software election tabulation solutions in the U.S. and Canada. Dominion Voting provides election tabulation solutions to government customers. The company's scalable and customizable platform holds industry-leading certifications and provides accessibility and efficiency at the state and local levels. Dominion Voting Systems was established in 2003 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Precise Metal Products

Phoenix, Arizona, United States

Precise Metal Products is a precision metal fabricator providing a one-stop source for complex metal, machining, formed, and finished assemblies. PMP offers extensive manufacturing capabilities including hydroforming, punch press, metal spinning, roll forming, precision machining, laser cutting, wire EDM, TIG and resistance welding, painting, and ChemFilm finishing. Precise Metal Products was founded in 1957 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

iQor

Fort Lauderdale,, Florida, United States
Category Company
Founded 2007
Sector Business Services
DESCRIPTION

iQor is a provider of business process outsourcing and product support services. iQor partners with many of the world's best-known brands to deliver solutions spanning the consumer value chain, from customer care and receivables management to product diagnostics and repair services. iQor was founded in 2007 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 2
Country (Ireland) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 iQor Holdings UK

Preston, United Kingdom

iQor UK provides outsourced debt collection services to both the public and private sectors in the UK, helping companies and organisations to manage high risk customers and ensure revenue collection.

Sell £42M
Mergr

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Company

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