M&A Deal Summary

Summit Partners Acquires Fortify Companies

On April 1, 2024, growth capital firm Summit Partners acquired business services company Fortify Companies

Acquisition Highlights
  • This is Summit Partners’ 26th transaction in the Business Services sector.
  • This is Summit Partners’ 319th transaction in the United States.
  • This is Summit Partners’ 3rd transaction in New Hampshire.

M&A Deal Summary

Date 2024-04-01
Target Fortify Companies
Sector Business Services
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Fortify Companies

Portsmouth, New Hampshire, United States
Fortify Companies provides comprehensive property lifecycle services, including restoration, remediation, environmental response, construction, and speciality services. Fortify Companies is based in Portsmouth, New Hampshire.

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Buyer(S) 1

Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 384 of 392
Sector: Business Services M&A 26 of 27
Type: Buyout (LBO, MBO, MBI) M&A Deals 81 of 81
State: New Hampshire M&A 3 of 3
Country: United States M&A 319 of 322
Year: 2024 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Insurcomm

Portsmouth, New Hampshire, United States

Insurcomm provides construction services for insurance-related losses and end-to-end solutions for insurance-related property losses. Insurcomm was founded in 1996 and is based in Portsmouth, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-17 Gresb

Amsterdam, Netherlands

Gresb is a provider of standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Gresb was founded in 2009 and is based in Amsterdam, Netherlands.

Sell -