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Buyout (LBO, MBO, MBI) • Financial Services

Summit Partners Acquires OTR Solutions

On January 1, 2021, growth capital firm Summit Partners acquired financial services company OTR Solutions

Acquisition Context
  • This is Summit Partners’ 15th transaction in the Financial Services sector.
  • This is Summit Partners’ 306th transaction in the United States.
  • This is Summit Partners’ 11th transaction in Georgia.

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M&A Deal Summary
Date January 1, 2021
Target OTR Solutions
Sector Financial Services
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

OTR Solutions

Roswell, Georgia, United States
OTR Solutions provides technology and financial services, tools, and support to small and medium-sized trucking companies. The company offers a wide range of services for the trucking community, including financing and back-office solutions, a dedicated fuel team, news and education, and innovative technology to help carriers and brokers start and grow successful operations. OTR Solutions was founded in 2011 and is based in Roswell, Georgia.
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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 364 of 415
Sector: Financial Services 15 of 16
Type: Buyout (LBO, MBO, MBI) 81 of 84
State: Georgia 11 of 11
Country: United States 306 of 335
Year: 2021 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Ylopo

Santa Monica, California, United States

Ylopo is an all-in-one marketing automation platform that helps real estate agents and mortgage intermediaries build their online presence and expand their client acquisition funnel. The company’s suite of automated marketing, client conversion, client management and team management tools help brokers manage their business and improve productivity. Ylopo was founded in 2014 and is based in Santa Monica, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Jobber

Edmonton, Alberta, Canada

Jobber is a cloud and mobile software platform for home service businesses. Jobber was founded in 2011 and is based in Edmonton, Alberta.

Buy -

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