Investment Summary

Stone-Goff Partners, Five Points Capital and Northwood Ventures Invest In MojoTech

On October 4, 2022, private equity firms Stone-Goff Partners, Five Points Capital and Northwood Ventures invested in software company MojoTech

Investment Highlights
  • This is Stone-Goff Partners’ 1st, Five Points Capital’s 2nd and Northwood Ventures’ 4th transaction in the Software sector.
  • This is Stone-Goff Partners’ 14th, Five Points Capital’s 85th and Northwood Ventures’ 61st transaction in the United States.
  • This is Stone-Goff Partners’ 1st, Five Points Capital’s 1st and Northwood Ventures’ 1st transaction in Rhode Island.

Investment Summary

Date 2022-10-04
Target MojoTech
Sector Software
Investor(s) Stone-Goff Partners
Five Points Capital
Northwood Ventures
Deal Type Growth Capital
Advisor(s) Fredrikson & Byron (Legal)

Target

MojoTech

Providence, Rhode Island, United States
MojoTech is a provider of software engineering, design, and product management services that enable clients to achieve strategic goals traditionally hindered by scale, complexity, regulatory and digital transformation barriers. MojoTech was founded in 2008 and is based in Providence, Rhode Island.

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Investor(S) 3

DESCRIPTION

Stone-Goff Partners is a private equity investment firm that acquires and builds lower middle-market companies. Specific areas of interest include marketing, media, education, healthcare services, industrial services, information services, consumer products and services, food and beverage, tourism, e-commerce and retail sectors. Stone-Goff Partners was established in 2006 and is headquartered in New York City.


DEAL STATS #
Overall 14 of 16
Sector (Software) 1 of 1
Type (Growth Capital) 10 of 12
State (Rhode Island) 1 of 1
Country (United States) 14 of 16
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-18 DSG

Little Rock, Arkansas, United States

DSG partners with organizations to create customized sales enablement solutions that turn growth strategies into sales results. Sales and marketing executives retain DSG to develop client-specific sales tools and content, build sales playbooks, produce education videos, and more. DSG was formed in 1992 and is based in Little Rock, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 FS Vector

Washington, District of Columbia, United States

FS Vector is a strategic consulting firm that delivers a range of advisory and advocacy solutions to fintech clients, including business strategy, regulatory, compliance, licensing, training, technology, government relations, and public policy matters. FS Vector was founded in 2018 and is based in Washington DC.

Buy -
Investor

Five Points Capital

Winston-Salem, North Carolina, United States


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 85 of 89
Sector (Software) 2 of 3
Type (Growth Capital) 15 of 18
State (Rhode Island) 1 of 1
Country (United States) 85 of 89
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Linkage

Burlington, Massachusetts, United States

Linkage offers a variety of leadership training programs for senior and high potential executives of large companies, covering such areas as organizational development, innovation, team assessment and women in leadership. Linkage was founded in 1988 and is based in Burlington, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 OutSolve

Metairie, Louisiana, United States

OutSolve provides HR compliance services including anti-discrimination analysis, compensation analysis, EEO-1 and VETS-4212 reports, and labor law posters. The company helps its diverse customer base manage complex federal, state, and local compliance requirements. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

Sell -
Investor

Northwood Ventures

Syosset, New York, United States


Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.


DEAL STATS #
Overall 66 of 71
Sector (Software) 4 of 4
Type (Growth Capital) 12 of 14
State (Rhode Island) 1 of 1
Country (United States) 61 of 65
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Heartland Paving Partners

Blaine, Minnesota, United States

Heartland Paving Partners is a provider of commercial asphalt and concrete maintenance and repair services across the upper Midwest. Heartland Paving Partners is based in Blaine, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 DK2

Burlington, Ontario, Canada

DK2 is specialized in outdoor power equipment, trailers, winches, snowplows, and auto accessories. DK2 was founded in 1997 and is based in Burlington, Ontario.

Buy -