M&A Deal Summary

Volaris Group Acquires WennSoft

On February 28, 2023, Volaris Group acquired software company WennSoft from LLR Partners

Acquisition Highlights
  • This is Volaris Group’s 42nd transaction in the Software sector.
  • This is Volaris Group’s 24th transaction in the United States.
  • This is Volaris Group’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2023-02-28
Target WennSoft
Sector Software
Buyer(s) Volaris Group
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

WennSoft

New Berlin, Wisconsin, United States
WennSoft is a provider of end-to-end field services software and solutions. The Company’s platform offers highly tailored vertical solutions based on extensive field services operations expertise and enables customers to manage and streamline the installation, maintenance and repair processes with a strong emphasis in mobility. WennSoft was founded in 1995 and is based in New Berlin, Wisconsin.

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Buyer(S) 1

Buyer

Volaris Group

Mississauga, Ontario, Canada
Category Company
Sector Software
DESCRIPTION

Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions.

DEAL STATS #
Overall 69 of 80
Sector (Software) 42 of 52
Type (Add-on Acquisition) 61 of 71
State (Wisconsin) 1 of 1
Country (United States) 24 of 27
Year (2023) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 ClickDimensions

Atlanta, Georgia, United States

ClickDimensions is an email marketing and marketing automation solution for Microsoft Dynamics CRM. The company develops the ClickDimensions and Automational branded online marketing automation solutions that include email marketing, web intelligence, lead scoring, campaign management, web forms/surveys, social discovery, relationship management, and more. The ClickDimensions and Automational solutions enable organizations to discover who is interested in their products, quantify their level of interest, and take the appropriate actions. ClickDimensions is based in

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 FunctionFox

Victoria, British Columbia, Canada

FunctionFox designs and builds timesheet and project management software for creative agencies and teams. The company's solutions cater to marketing teams, creative teams, design teams and freelancers providing flexible solutions based on their needs. It offers Classic, Premiere, and In-House solution bundles. FunctionFox is based in Victoria, British Columbia.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 70 of 76
Sector (Software) 14 of 15
Type (Add-on Acquisition) 44 of 47
State (Wisconsin) 2 of 3
Country (United States) 69 of 75
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 Viventium

Brooklyn, New York, United States

Viventium is a cloud-based human capital management solution, providing a remarkable user experience, unbeatable analytics, and insight for small to medium-sized businesses. Viventium is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-30 Agility

Las Vegas, Nevada, United States

Agility provides business continuity and disaster recovery solutions to businesses of all sizes, including access to power generators, office space, communications, and computer systems. Agility Recovery was founded in 1989 and is based in Las Vegas, Nevada.

Sell -
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