M&A Deal Summary

Sunstone Partners Acquires Avertium

On May 30, 2019, growth capital firm Sunstone Partners acquired information technology company Avertium

Acquisition Highlights
  • This is Sunstone Partners’ 3rd transaction in the Information Technology sector.
  • This is Sunstone Partners’ 6th transaction in the United States.
  • This is Sunstone Partners’ 2nd transaction in Arizona.

M&A Deal Summary

Date 2019-05-30
Target Avertium
Sector Information Technology
Buyer(s) Sunstone Partners
Deal Type Consolidation

Target

Avertium

Phoenix, Arizona, United States
Avertium is a provider of managed cybersecurity services. Avertium serves more than 1,200 customers in the retail, healthcare, hospitality, financial services, manufacturing, and public sectors. Avertium was founded in 2019 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Sunstone Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2015
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Sunstone Partners is a private investment firm focused on growth equity investments in and majority buyouts of tech companies. The Firm targets opportunities throughout North American and seeks businesses with at least $20 million in revenues and at least 20% of yearly growth. Sunstone Partners was formed in 2015 from a team that previously worked together at Trident Capital. The Firm is based in San Mateo, California.


DEAL STATS #
Overall 6 of 17
Sector: Information Technology M&A 3 of 8
Type: Consolidation M&A Deals 1 of 1
State: Arizona M&A 2 of 3
Country: United States M&A 6 of 16
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 Nexa

Phoenix, Arizona, United States

Nexa is a provider of 24/7 virtual receptionist services. Nexa serves companies in the medical, home services, and technology industries with our bilingual answering, CRM integration, lead qualification, and appointment scheduling capabilities, 24/7/365. Nexa is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Onica Group

Santa Monica, California, United States

Onica Group LLC is a cloud consulting and managed services company, helping businesses enable, operate, and innovate on the cloud. From migration strategy to operational excellence and immersive transformation, Onica is a full spectrum integrator, helping hundreds of companies realize the value, efficiency, and productivity of the cloud. Onica Group was founded in 2014 and is based in Santa Monica, California.

Sell -