M&A Deal Summary

Vontier Acquires DRB

On July 19, 2021, Vontier acquired software company DRB from New Mountain Capital for 965M USD

Acquisition Highlights
  • This is Vontier’s 1st transaction in the Software sector.
  • This is Vontier’s largest (disclosed) transaction.
  • This is Vontier’s 1st transaction in the United States.
  • This is Vontier’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-07-19
Target DRB
Sector Software
Buyer(s) Vontier
Sellers(s) New Mountain Capital
Deal Type Add-on Acquisition
Deal Value 965M USD

Target

DRB

Akron, Ohio, United States
DRB is a provider of tech-enabled devices and software solutions to the car wash industry. DRB Systems offers tech-enabled devices, software, and expert support to help car wash operators run their car wash, manage their daily performance, and grow their business. DRB was founded in 1984 and is based in Akron, OH.

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Buyer(S) 1

Buyer

Vontier

Raleigh, North Carolina, United States

Category Company
Founded 2019
Sector Information Technology
Employees8,000
Revenue 3.0B USD (2024)
DESCRIPTION

Vontier is a global industrial technology company focused on transportation and mobility solutions. Vontier’s innovative products, services, and software advance efficiency, safety, security, and environmental compliance worldwide. Vontier was founded in 2019 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 1 of 4
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 4
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Driivz

Hod Hasharon, Israel

Driivz is a global software supplier to EV operators and service providers, accelerating the plug-in EV industry's dynamic and continuous transformation. The company's intelligent, cloud-based platform spans EV charging operations, energy management, advanced billing capabilities and driver self-service tools. Driivz's team of EV experts serve customers in more than 20 countries, including global industry players such as Volvo Group, EVgo, Gilbarco Veeder-Root, ElaadNL, ESB, Mer and eMobility Power. Its platform manages tens of thousands of EV chargers in North America, Europe, and APAC, used by almost 1 million EV drivers. Driivz was formed in 2013 and is based in Hod Hasharon, Israel.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 38 of 53
Sector: Software M&A 6 of 8
Type: Add-on Acquisition M&A Deals 18 of 24
State: Ohio M&A 1 of 1
Country: United States M&A 35 of 50
Year: 2021 M&A 7 of 9
Size (of disclosed) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Ascensus Specialties

Bellevue, Washington, United States

Ascensus Specialties is a manufacturer of specialty chemicals primarily in two end-markets: pharmaceutical drug manufacturing and pulp & paper processing. In pharmaceutical drug manufacturing, sodium borohydride is used as a reducing agent. In pulp & paper processing, sodium borohydride is used as a bleaching agent to prepare paper products for end-customer use. Ascensus Specialties was founded 2014 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Homrich Berg

Atlanta, Georgia, United States

Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as a financial team for clients, including high-net-worth individuals, families, and not-for-profits. Homrich Berg was founded in 1989 and is based in Atlanta, Georgia.

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