M&A Deal Summary

Vermont Information Processing Acquires eostar

On May 25, 2022, Vermont Information Processing acquired internet software and services company eostar from Seaport Capital

Acquisition Highlights
  • This is Vermont Information Processing’s 1st transaction in the Internet Software and Services sector.
  • This is Vermont Information Processing’s 1st transaction in the United States.
  • This is Vermont Information Processing’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-05-25
Target eostar
Sector Internet Software and Services
Buyer(s) Vermont Information Processing
Sellers(s) Seaport Capital
Deal Type Add-on Acquisition

Target

eostar

Holland, Michigan, United States
eostar is a provider of end-to-end software solutions for beverage distributors, including route accounting, warehouse management, forecasting, and mobile sales capabilities through its proprietary software. eostar was established in 1986 and is based in Holland, Michigan.

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Buyer(S) 1

Buyer

Vermont Information Processing

Colchester, Vermont, United States
Category Company
Founded 1972
Sector Information Technology
DESCRIPTION

Vermont Information Processing is a technology provider for brewers, distributors, wineries, soda bottlers, and other companies in the beverage industry. Vermont Information Processing was founded in 1972 and is based in Colchester, Vermont.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Seaport Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 26 of 31
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 15 of 19
State (Michigan) 1 of 1
Country (United States) 24 of 29
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Pearl Media

Montclair, New Jersey, United States

Pearl Media develops, manages, and sells unique marketing, digital, and static media opportunities. Working with real estate assets, Pearl develops urban core, mixed-use commercial space, transit centers, and transit adjacent properties in top markets with premium place-based static and digital signage. It targets and transforms large format static properties and vacant storefronts into best-in-market out-of-home advertising opportunities. Pearl Media is based in Montclair, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-29 Quatris Healthco

Bedford, Texas, United States

Quatris Healthco is a provider of specialized healthcare software and database solutions, as well as hosting, software maintenance, and support services for small and medium-sized physician practices. Quatris Healthco was established in 2013 and is based in Bedford, Texas.

Sell -
Mergr

Product

Company

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