M&A Deal Summary

TigerConnect Acquires Critical Alert Systems

On January 6, 2021, TigerConnect acquired information technology company Critical Alert Systems from Wedbush Capital Partners

Acquisition Highlights
  • This is TigerConnect’s 1st transaction in the Information Technology sector.
  • This is TigerConnect’s 2nd transaction in the United States.
  • This is TigerConnect’s 1st transaction in Maine.

M&A Deal Summary
Date 2021-01-06
Target Critical Alert Systems
Sector Information Technology
Buyer(s) TigerConnect
Sellers(s) Wedbush Capital Partners
Deal Type Add-on Acquisition

Target

Critical Alert Systems

Jacksonville, Maine, United States
Critical Alert Systems LLC is a provider of mission-critical communication services to hospitals, first responders and certain defense-related industries that utilize proprietary networks and infrastructures across the United States. Critical Alert Systems was founded in 2010 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

TigerConnect

Santa Monica, California, United States
Category Company
Founded 2010
Sector Medical Products
DESCRIPTION

TigerConnect is a communication platform uniquely designed to modernize care collaboration among doctors, nurses, care teams, and patients. TigerConnect allows hospitals and physician groups to create their own private, HIPAA-compliant mobile messaging network for physicians, nurses, and administrators. TigerConnect was founded in 2010 and is based in Santa Monica, California.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Maine) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Call Scheduler

Saint Cloud, Minnesota, United States

Call Scheduler is an online software solution to create, maintain, and communicate physician work and on-call schedules. Call Scheduler is for small and medium-sized hospitals to manage which physician is on-call for unassigned patient coverage in the Emergency Department.

Buy -

Seller(S) 1

SELLER

Wedbush Capital Partners

Los Angeles, California, United States

Investor Investor

Category Private Equity Firm
PE ASSETS 120M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Wedbush Capital Partners is a private equity firm focused on recapitalizations, growth investments in, and management buyouts of lower middle-market companies generating sales of $10 to $50 million. Sectors of interest include consumer products and services, business and financial services, and niche manufacturing. Wedbush prefers to make initial equity investments of $2 to $10 million in companies valued between $5 and $50 million. The Firm prefers opportunities in the Western US. Wedbush Capital Partners is affiliated with investment bank Wedbush Securities. The Firm is based in Los Angeles, California.

DEAL STATS #
Overall 9 of 9
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Maine) 1 of 1
Country (United States) 9 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Passport Foods

Ontario, California, United States

Passport Foods is a manufacturer and distributor of internationally-flavored foods to foodservice and retail channels in North America. Today Passport offers over 125 product SKUs across a comprehensive range of authentic, boldly-flavored product categories to food retailers and restaurants around the country. Headquartered in Southern California, Passport Foods has over 170 employees and was founded in 1978.

Sell -
Mergr

Product

Company

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