M&A Deal Summary

TA Associates Acquires PairSoft

On December 17, 2025, private equity firm TA Associates acquired software company PairSoft from Turn/River

Acquisition Highlights
  • This is TA Associates’ 90th transaction in the Software sector.
  • This is TA Associates’ 271st transaction in the United States.
  • This is TA Associates’ 18th transaction in Florida.

M&A Deal Summary

Date 2025-12-17
Target PairSoft
Sector Software
Buyer(s) TA Associates
Sellers(s) Turn/River
Deal Type Secondary Buyout
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)

Target

PairSoft

Miami, Florida, United States
PairSoft provides procure-to-pay automation, helping businesses optimize their AP workflows with AI-powered solutions and seamless ERP integrations. PairSoft is based in Miami, Florida.

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Buyer(S) 1

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 375 of 375
Sector: Software M&A 90 of 90
Type: Secondary Buyout M&A Deals 75 of 75
State: Florida M&A 18 of 18
Country: United States M&A 271 of 271
Year: 2025 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-20 Intelerad

Montreal, Quebec, Canada

Intelerad is a medical imaging software provider that specialises in diagnostic viewing, reporting, and collaboration solutions. Intelerad was founded in 1999 and is based in Montreal, Quebec.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-22 Conservice

River Heights, Utah, United States

Conservice is a utility and billing management company that provides software and service solutions for over 1.6 million units in the rental housing industry. Conservice’s unique services include sending each tenant in a housing unit a single bill that encompasses rent, utilities, and any extra charges. Conservice was founded in 2000 and is based in River Heights, Utah.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

Turn/River is a private investment firm that specializes in growth capital investments, buyouts, spin-outs, and recapitalizations of small-scale technology, web and Saas companies. The Firm has a particular interest in bootstrapped companies. Turn/River Capital is based in San Francisco, California.


DEAL STATS #
Overall 9 of 9
Sector: Software M&A 5 of 5
Type: Secondary Buyout M&A Deals 3 of 3
State: Florida M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-07 SolarWinds

Austin, Texas, United States

SolarWinds provides hybrid IT infrastructure management software to customers worldwide from Fortune 500 enterprises to small businesses, government agencies and educational institutions. SolarWinds was founded in 1999 and is based in Austin, Texas.

Buy $4.4B