M&A Deal Summary

Vontas Acquires Orion Labs

On December 11, 2023, Vontas acquired information technology company Orion Labs from Argentum Capital Partners

Acquisition Highlights
  • This is Vontas’ 1st transaction in the Information Technology sector.
  • This is Vontas’ 1st transaction in the United States.
  • This is Vontas’ 1st transaction in California.

M&A Deal Summary

Date 2023-12-11
Target Orion Labs
Sector Information Technology
Buyer(s) Vontas
Sellers(s) Argentum Capital Partners
Deal Type Add-on Acquisition

Target

Orion Labs

San Francisco, California, United States
Orion Labs is a secure and encrypted global platform for instant voice communication for people and machines, on any device, over any network, over any distance, without boundaries. Orion’s platform provides a heads-up and eyes-free interface that enables people to communicate and do things with the power of their voice. Orion Labs was formed in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Vontas

Cedar Rapids, Indiana, United States

Category Company
Sector Information Technology
DESCRIPTION

Vontas helps create smart, safe, reliable, accessible, and more connected public transit experiences through real-time technology. It helps agencies make public transit the desired mode of transportation in their communities. Vontas is based in Cedar Rapids, Indiana.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 43 of 47
Sector: Information Technology M&A 5 of 5
Type: Add-on Acquisition M&A Deals 30 of 32
State: California M&A 6 of 7
Country: United States M&A 41 of 45
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Fleetworthy Solutions

Madison, Wisconsin, United States

Fleetworthy Solutions is a provider of outsourced compliance services to owners and operators of truck fleets that take them Beyond Compliant. Fleetworthy combines exceptional client service, advanced technologies and more than 30 years of transportation industry expertise to make sure that drivers and assets are fleet worthy. The company helps private fleets, for-hire carriers, and third-party logistics companies of all sizes surpass compliance of federal, state, and local regulations and streamline processes to reduce costs and mitigate risks. Fleetworthy Solutions was established in 1983 and is based in Madison, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 EmpowerMX

Frisco, Texas, United States

EmpowerMX provides cloud-based software-as-a-service (SaaS) solutions used to manage, plan, execute, and optimize aircraft maintenance, repair, and overhaul. The company’s FleetCycle software suite, is being used by many of the world’s largest commercial airlines and MROs to reduce maintenance costs and lower aircraft maintenance turn-around times (TAT) by eliminating unproductive processes, supporting higher workforce utilization, digitizing traditionally paper-based and manual processes, and providing real-time visibility into task completion. EmpowerMX was established in 1999 and is based in Frisco, Texas.

Sell -