M&A Deal Summary

Veriforce Acquires PEC Safety Operations

On May 15, 2019, Veriforce acquired safety/security company PEC Safety Operations from Thoma Bravo and RF Investment Partners

Acquisition Highlights
  • This is Veriforce’s 1st transaction in the Safety/Security sector.
  • This is Veriforce’s 1st transaction in the United States.
  • This is Veriforce’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2019-05-15
Target PEC Safety Operations
Sector Safety/Security
Buyer(s) Veriforce
Sellers(s) Thoma Bravo
RF Investment Partners
Deal Type Merger

Target

PEC Safety Operations

Mandeville, Louisiana, United States
PEC Safety Operations LLC is a technology and training company focused on providing technology-enabled contractor management service for reporting and measuring contractor risk, safety and compliance information to owner clients (operators). PEC Safety was formed in 1993 and is based in Mandeville, Louisiana.

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Buyer(S) 1

Buyer

Veriforce

The Woodlands, Texas, United States
Category Company
Founded 1993
Sector Information Technology
DESCRIPTION

Veriforce is a provider of integrated compliance, safety, and training solutions specifically tailored to energy operators and their contractors within the upstream, midstream, and downstream segments of the energy industry. Veriforce was founded in 1993 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 1 of 4
Sector (Safety/Security) 1 of 1
Type (Merger) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 ComplyWorks

Calgary, Alberta, Canada

ComplyWorks is a provider in compliance management. The company’s web-based solutions cover the entire compliance lifecycle from contractor management to workforce management, worksite management, and payment. ComplyWorks was established in 2004 and is based in Calgary, Alberta.

Buy -

Seller(S) 2

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 42 of 79
Sector (Safety/Security) 1 of 1
Type (Merger) 3 of 9
State (Louisiana) 1 of 1
Country (United States) 41 of 73
Year (2019) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Autodata Solutions Group

London, Ontario, Canada

Autodata Solutions Group provides SaaS and software solutions that increase the effectiveness of the automotive sales chain and help put vehicles in consumers' driveways. Autodata Solutions Group was founded in 1990 and is based in London, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Apryse

Vancouver, British Columbia, Canada

Apryse provides a software development kit that enables document processing, conversion, and collaboration by enterprise customers in a range of industries. Apryse was founded in 1998 and is based in Denver, Colorado.

Buy -
SELLER

RF Investment Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2016
PE ASSETS 683M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RF Investment Partners is a private investment firm focused on providing flexible capital solutions to small and mid-sized companies. The Firm looks to invest $10 to $40 million of equity/debt capital capital to support businesses with at least $10 million of revenue. Funds are generally used to support buyouts, recapitalizations, acquisitions, shareholder liquidity needs, and family successions. RF Investment Partners was formed in 2016 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 6
Sector (Safety/Security) 1 of 1
Type (Merger) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 True Capital Partners

Haddonfield, New Jersey, United States

True Capital Partners is a platform focused on talent management with a suite of products and services that deliver efficient talent solutions across organizations that focus on connecting tech and high-growth companies with the right talent and advising beyond the hire. True Capital Partners was founded in 2012 and is based in Haddonfield, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Statewide Restoration

Sacramento, California, United States

Statewide Restoration provides fire restoration and repair of damaged residential and commercial properties. Statewide, with offices in Sacramento, Portland and Seattle is a one-stop provider of fire restoration services, including contents cleaning, storage, and construction/re-build for homeowners recovering from a house fire. Statewide Restoration was established in 2008 and is based in Sacramento, California.

Buy -
Mergr

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Company

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