M&A Deal Summary

Trax Group Acquires Veraction

On June 25, 2018, Trax Group acquired software company Veraction from Spire Capital Partners

Acquisition Highlights
  • This is Trax Group’s 1st transaction in the Software sector.
  • This is Trax Group’s 1st transaction in the United States.
  • This is Trax Group’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2018-06-25
Target Veraction
Sector Software
Buyer(s) Trax Group
Sellers(s) Spire Capital Partners
Deal Type Merger
Advisor(s) Dentons (Legal)

Target

Veraction

Memphis, Tennessee, United States
Veraction LLC is a provider of software enabled transportation spend management (“TSM”) solutions to large, established globally-based enterprises. Veraction’s solutions help clients to optimize transportation spend, which improves supply chain visibility, allows for better collaboration with trading partners and identifies business efficiencies and significant cost savings.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Trax Group

Irving, Texas, United States

Category Company
Founded 1993
Sector Software
DESCRIPTION

Trax Group provides software-enabled transportation spend management solutions to large, global enterprises. The Company’s solutions help clients optimize transportation spend and achieve significant cost savings through freight bill audit and payment, improved supply chain visibility, and better collaboration with shippers. Trax Group was founded in 1993 and is based in Irving, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 22 of 27
Sector: Software M&A 3 of 3
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 21 of 26
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Dynamic Quest

Greensboro, North Carolina, United States

Dynamic Quest is a managed service provider for IT services to enterprises and mid-sized businesses. The Company's services include hosted cloud services, disaster recovery, managed IT, service plans, software maintenance, application support, virtual CIO and security services. Dynamic Quest was fouded in 2000 and is based in Greensboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 O2B Kids

Gainesville, Florida, United States

O2B Kids is a provider of early education services for children in the Southeast U.S. O2B offers preschool education for children 0 to 5 years old, afterschool enrichment programs for elementary school students, and an unprecedented family membership program for all kids 0 to 13 years old. O2B Kids was founded in 1998 and is based in Gainesville, Florida.

Buy -