Investment Summary

Tritium Partners and Ocean Avenue Capital Partners Invest In Global Access

On August 13, 2014, private equity firms Tritium Partners and Ocean Avenue Capital Partners invested in information technology company Global Access

Investment Highlights
  • This is Tritium Partners’ 2nd and Ocean Avenue Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Tritium Partners’ 4th and Ocean Avenue Capital Partners’ 3rd transaction in the United States.
  • This is Tritium Partners’ 1st and Ocean Avenue Capital Partners’ 2nd transaction in Utah.

Investment Summary

Date 2014-08-13
Target Global Access
Sector Information Technology
Investor(s) Tritium Partners
Ocean Avenue Capital Partners
Deal Type Growth Capital
Advisor(s) Pacific Crest Securities, Inc. (Financial)

Target

Global Access

Lehi, Utah, United States
Global Access is a provider of online commerce technology and logistics services for retail and consumer brands, e-commerce and multichannel companies, and direct selling/direct response companies internationally. Global Access was founded in 2002 and is based in Lehi, Utah.

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Investor(S) 2

DESCRIPTION

Tritium Partners is a private equity firm focused on acquiring profitable, growth-oriented lower middle-market companies. The Firm seeks companies with $2 to $15 million of EBITDA in the internet/information services, supply chain logistics, business services, and financial services sectors. Tritium Partners was formed in 2013 and is based in Austin, Texas.


DEAL STATS #
Overall 4 of 22
Sector (Information Technology) 2 of 2
Type (Growth Capital) 1 of 14
State (Utah) 1 of 2
Country (United States) 4 of 21
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-25 Century Payments

Frisco, Texas, United States

Century Payments, Inc. is a provider of payment processing programs for merchants. The company offers electronic payment processing products and services that help business owners to accept various forms of payments. It also provides consulting services to facilitate agreements for large national merchants, including restaurant chains, airlines, hotels, consumer electronics manufacturers, and retailers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 Giact Systems

Allen, Texas, United States

Giact Systems LLC provides verification, authentication, and funds confirmation information in order to help businesses across all industries assess and manage risk in electronic payments. The company's OFAC screening, ID verification, account verification and authentication, and mobile verification solutions enable clients to focus on providing unmatched customer experiences. Giact Systems was founded in 2004 and is based in Allen, Texas.

Buy -
Investor
DESCRIPTION

Ocean Avenue Capital Partners is a private equity firm focused on special situation investments in the US and Canada. The Firm targets businesses facing transition, either in need of operational assistance, facing ownership transition, or in need of restructuring. Ocean Avenue will consider minority or majority positions and looks to commit $6 to $15 million per investment. The Firm does not have any sector preferences. Ocean Avenue Capital Partners was founded in 2010 and is based in Santa Monica, California.


DEAL STATS #
Overall 3 of 8
Sector (Information Technology) 1 of 1
Type (Growth Capital) 1 of 2
State (Utah) 2 of 2
Country (United States) 3 of 7
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Medsource Holdings

Salt Lake City, Utah, United States

Medsource Holdings, Inc. is a distributor of durable medical equipment including mobility equipment, high-end rehab motorized wheelchairs, urological supplies, sleep therapy equipment, and orthotics. Medsource Holdings is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 ODG

North Hamburg, Ontario, Canada

ODG designs and manufactures gears and transmissions. It offers spur/helical, internal, spline, skived, and worms gears, as well as worms and sprockets; and transmissions. ODG was founded in 1962 and is based in North Hamburg, Ontario.

Buy -