M&A Deal Summary

Vanco Acquires Smartcare

On January 13, 2021, Vanco acquired internet software and services company Smartcare from Charter Oak Equity

Acquisition Highlights
  • This is Vanco’s 4th transaction in the Internet Software and Services sector.
  • This is Vanco’s 4th transaction in the United States.
  • This is Vanco’s 1st transaction in Nevada.

M&A Deal Summary

Date 2021-01-13
Target Smartcare
Sector Internet Software and Services
Buyer(s) Vanco
Sellers(s) Charter Oak Equity
Deal Type Add-on Acquisition

Target

Smartcare

Las Vegas, Nevada, United States
Smartcare is a provider of cloud-based software and training for effective childcare center management and financial sustainability. Smartcare was founded in 2014 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Vanco

Bloomington, Minnesota, United States

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

Vanco is a provider of credit card, debit card and ACH processing solutions primarily to small- and medium-sized businesses. Vanco operates a channel-driven strategy targeting community banks, trade associations and affinity partners. Vanco was founded in 2006 and is based in Bloomington, Minnesota.


DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (Nevada) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Charms

Garland, Texas, United States

Charms is a provider of web-based software for the music education sector, with nearly 7,000 active schools, over 35,000 active users, and close to 2,000,000 student records. Charms was founded in 2001 and is based in Garland, Texas.

Buy -

Seller(S) 1

SELLER

Charter Oak Equity

Westport, Connecticut, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Charter Oak Equity is a private equity group focused on control investments in lower middle-market companies valued between $25 and $150 million. The Firm looks for businesses operating large markets with significant room for growth. Target sectors include niche manufacturing, packaging, medical products, specialty chemicals, consumer products, and financial services. Charter Oak generally targets family-owned companies or non-core divisions of larger companies. Charter Oak Private Equity was formed in 1992 and is based in Westport, Connecticut.


DEAL STATS #
Overall 25 of 27
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (Nevada) 1 of 1
Country (United States) 25 of 27
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Chemres

Princeton, New Jersey, United States

Chemres is a compounder and global logistics provider of high-performance specialty polymer materials, services, and solutions. Chemres has been servicing the medical, packaging, and wire & cable markets using multiple manufacturing technologies since 1995. Chemres’s Chesapeake, VA plant is uniquely qualified for the production of medical-grade, mission-critical resins to meet customers’ demanding performance standards. Chemres was founded in 1995 and is based in Princeton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Chemres

Princeton, New Jersey, United States

Chemres is a compounder and global logistics provider of high-performance specialty polymer materials, services, and solutions. Chemres has been servicing the medical, packaging, and wire & cable markets using multiple manufacturing technologies since 1995. Chemres’s Chesapeake, VA plant is uniquely qualified for the production of medical-grade, mission-critical resins to meet customers’ demanding performance standards. Chemres was founded in 1995 and is based in Princeton, New Jersey.

Sell -