Buyout (LBO, MBO, MBI) • Business Services

Summit Partners Acquires Fortify Companies

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

Acquisition Context
  • This is Summit Partners’ 26th transaction in the Business Services sector.
  • This is Summit Partners’ 327th transaction in the United States.
  • This is Summit Partners’ 3rd transaction in New Hampshire.

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M&A Deal Summary

Date April 1, 2024
Target Fortify Companies
Sector Business Services
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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 Overview 1

Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B 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 Context for Buyer #
Overall 400 of 415
Sector: Business Services 26 of 28
Type: Buyout (LBO, MBO, MBI) 84 of 84
State: New Hampshire 3 of 3
Country: United States 327 of 335
Year: 2024 4 of 12
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
2024-04-03 Netgain Solutions

Englewood, Colorado, United States

Netgain Solutions is a provider of accounting solutions via NetSuite which develop and enhance tools to streamline lease accounting, fixed asset management, loan management, closing the books. Netgain Solutions was founded in 2018 and is based in Englewood, Colorado.

Buy -