M&A Deal Summary

Tracsis Acquires RailComm

On March 14, 2022, Tracsis acquired business services company RailComm from Schooner Capital for 14M USD

Acquisition Highlights
  • This is Tracsis’ 3rd transaction in the Business Services sector.
  • This is Tracsis’ largest (disclosed) transaction.
  • This is Tracsis’ 1st transaction in the United States.
  • This is Tracsis’ 1st transaction in New York.

M&A Deal Summary
Date 2022-03-14
Target RailComm
Sector Business Services
Buyer(s) Tracsis
Sellers(s) Schooner Capital
Deal Type Add-on Acquisition
Deal Value 14M USD

Target

RailComm

Fairport, New York, United States
Railcomm provides expert rail automation systems focused on improving operational efficiencies for the world's freight and passenger rail industries. RailComm was founded in 1999 and is based in Fairport, New York.

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Buyer(S) 1

Buyer

Tracsis

Leeds, United Kingdom
Category Company
Founded 2004
Sector Software
Revenue 82M GBP (2023)
DESCRIPTION

Tracsis specializes in solving a variety of data capture, reporting, and resource optimization problems along with providing a range of associated professional services. Tracsis' products and services are used to increase efficiency, reduce cost, and improve the operational performance and decision-making capabilities for clients and customers. Tracsis has offices across the UK which service projects in Europe. Tracsis was founded in 2004 and is based in Leeds, England.

DEAL STATS #
Overall 10 of 10
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 9 of 9
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Icon Group

Dublin, Ireland

Icon Group is an interdisciplinary geoscience company specializing in Earth Observation (EO)*1, Geographical Information System (GIS), and spatial data analytics. The company has several long-term repeat contracts and employs around 60 full-time staff, all of whom will remain with the business post-transaction. Icon Group was formed in 1994 and is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

Schooner Capital

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 1971
Size Small
Type Sector Agnostic
DESCRIPTION

Schooner Capital is a private investment firm and family office focused on direct company investments, as well as investing through independent managers. For direct company investments, Schooner invests across a variety of stages and sectors. The Firm is particularly attracted to businesses with 'recurring revenue, capital efficiency, and protective moats'. Schooner was formed in 1971 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 4 of 4
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2022) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Millstone Medical Outsourcing

Fall River, Massachusetts, United States

Millstone Medical Outsourcing is a provider of outsourcing solutions to medical device OEMs, including contract packaging services alongside innovative warehousing and distribution services. Millstone Medical Outsourcing was founded in 2000 and is based in Fall River, Massachusetts.

Sell -
Mergr

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