M&A Deal Summary

Thoma Bravo Acquires Roadnet Technologies

On December 31, 2010, private equity firm Thoma Bravo acquired business services company Roadnet Technologies from UPS

Acquisition Highlights
  • This is Thoma Bravo’s 2nd transaction in the Business Services sector.
  • This is Thoma Bravo’s 23rd transaction in the United States.
  • This is Thoma Bravo’s 1st transaction in Maryland.
Investment Fate
  • Roadnet Technologies was sold to a strategic buyer in 2013.
  • Roadnet Technologies was sold to a strategic buyer in 2013.

M&A Deal Summary

Date 2010-12-31
Target Roadnet Technologies
Sector Business Services
Buyer(s) Thoma Bravo
Sellers(s) UPS
Deal Type Divestiture

Target

Roadnet Technologies

Baltimore, Maryland, United States
Roadnet Technologies, Inc., is a provider fleet management solutions for hundreds of thousands of vehicles worldwide and in a variety of industries. Specific fleet management applications provide strategic territory and street-level route plans, real-time wireless dispatch, vehicle telematics and global positioning systems (GPS). Roadnet Technologies solutions are utilized to improve operational efficiency and driver productivity, saving customers millions of gallons of fuel every year.

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Buyer(S) 1

Buyer

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 23 of 151
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 5 of 14
State: Maryland M&A 1 of 1
Country: United States M&A 23 of 132
Year: 2010 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-29 Sirius

San Antonio, Texas, United States

Sirius is a privately held, leading national solutions integrator focused on helping organizations transform their business by managing their operations, optimizing their IT, and securing it all. Sirius was founded in 1980 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 Activant Solutions

Livermore, California, United States

Activant Solutions Inc. is a technology provider of business management solutions serving mid-market retails and distributors. Activant provides customers with industry-specific software, professional services, content, supply chain connectivity, and analytics. Activant’s systems are designed to help customers increase sales, boost productivity, operate more cost-efficiently, improve inventory turns and enhance trading partner relationships. Activant has operations in California, Texas, Colorado, Illinois, Pennsylvania, South Carolina, Canada, Ireland and the United Kingdom.

Sell -

Seller(S) 1

SELLER

UPS

Atlanta, Georgia, United States

Category Company
Founded 1907
Sector Transportation
Employees254,360
Revenue 91.1B USD (2024)
DESCRIPTION
Entrance to UPS' headquarters in Atlanta, Georgia.
Entrance to UPS' headquarters in Atlanta, Georgia.

UPS is a provider of logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS was founded in 1907 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 5
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 5
State: Maryland M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 Trans Courier Service SRL

Bucharest, Romania

Trans Courier Service SRL is an authorized service contractor offers delivery services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Pieffe Group

Italy

Pieffe offers storage, distribution and cold chain solutions to some of the world's leading pharmaceutical brands. Pieffe operates distribution centers in Milan and Rome.

Buy -