M&A Deal Summary

Thompson Street Capital Partners and Endicott Group Acquire GovSpend

On January 4, 2021, private equity firms Thompson Street Capital Partners and Endicott Group acquired information services company GovSpend

Acquisition Highlights
  • This is Thompson Street Capital Partners’ 1st and Endicott Group’s 1st transaction in the Information Services sector.
  • This is Thompson Street Capital Partners’ 62nd and Endicott Group’s 1st transaction in the United States.
  • This is Thompson Street Capital Partners’ 2nd and Endicott Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-01-04
Target GovSpend
Sector Information Services
Buyer(s) Thompson Street Capital Partners
Endicott Group
Deal Type Buyout (LBO, MBO, MBI)

Target

GovSpend

Deerfield Beach, Florida, United States
GovSpend is a provider of government intelligence solutions to thousands of government vendors and agencies. GovSpend’s web-based platform provides its clients with easy access to unparalleled depth and breadth of purchase order data, bids and RFPs, contracts, and contacts – nearly one billion records in all – from approximately 30,000 local, state, and federal government agencies. GovSpend was founded in 2011 and is based in Deerfield Beach, Florida.

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Buyer(S) 2

Buyer

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 62 of 73
Sector (Information Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 28 of 30
State (Florida) 2 of 2
Country (United States) 62 of 72
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Made4net

Hackensack, New Jersey, United States

Made4net is a provider of Warehouse Management System (WMS) and end-to-end supply chain execution software. Made4net provides best-in-class cloud-based and on-prem supply chain execution and warehouse management software for organizations of all sizes to improve the speed and efficiency of their supply chain. Made4net was founded in 2005 and is based in Hackensack, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Marmic

Joplin, Missouri, United States

Marmic is a full-service fire protection company providing inspection, maintenance, repair, and installation services to commercial customers throughout the United States. Marmic was formed in 1951 and is based in Joplin, Missouri.

Sell -
Buyer

Endicott Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Endicott Group is a private equity firm focused on profitable lower-middle market companies across the US. Endicott Capital invests exclusively in technology-enabled, B2B information services companies. The Firm seeks to make majority or minority investments in businesses with $5 to $10 million in revenue, defensible business models, high barriers to entry, and recurring revenue. Endicott Group was founded in 1996 and is headquartered in New York, New York.

DEAL STATS #
Overall 2 of 8
Sector (Information Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Florida) 1 of 1
Country (United States) 1 of 6
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 BNamericas

Santiago, Chile

BNamericas is a business intelligence platform for developers, contractors, suppliers, and financial services firms operating in the industrial project ecosystem in Latin America. It provides key contacts and technical details for over 17,000 projects across the Mining & Metals, Electric Power, Oil & Gas, Infrastructure, Water & Waste, and Petrochemicals industries. BNamericas was formed in 1996 and is based in Santiago, Chile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Creditntell

Long Island, New York, United States

Creditntell is a provider of financial, credit, and geospatial intelligence to a diverse set of customer segments, including consumer product companies, retailers, retail real estate owners and investors, and lenders. Creditntell was formed in 1957 and is based in Long Island, New York.

Buy -
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