M&A Deal Summary

WayPoint Capital Partners Acquires Greenshades Software

On October 4, 2022, family office WayPoint Capital Partners acquired software company Greenshades Software from SFW Capital Partners

Acquisition Highlights
  • This is WayPoint Capital Partners’ 2nd transaction in the Software sector.
  • This is WayPoint Capital Partners’ 6th transaction in the United States.
  • This is WayPoint Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2022-10-04
Target Greenshades Software
Sector Software
Buyer(s) WayPoint Capital Partners
Sellers(s) SFW Capital Partners
Deal Type Secondary Buyout

Target

Greenshades Software

Jacksonville, Florida, United States
Greenshades Software is a provider of the payroll tax and human capital management (“HCM”) information and software solutions with deep integrations into leading mid-market ERP platforms such as the Microsoft Dynamics portfolio of products, amongst many others. Greenshades Software was founded in 2002 and is based in Jacksonville, Florida.

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Buyer(S) 1

DESCRIPTION

WayPoint Capital Partners is a private investment firm focused on working in partnership with founders and management teams to build and grow companies. WayPoint does not have any sector preferences and looks to commit $10 to $30 million per transaction. WayPoint Capital Partners is based in New York City.


DEAL STATS #
Overall 8 of 8
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Florida M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 IDX

Beaverton, Oregon, United States

IDX is a provider of identity protection and data breach services for companies and individuals throughout the U.S. It combines consumer-centric software and concierge-style professional services in serving organizations across government, healthcare, commercial enterprises, financial institutions, and higher education. IDX was founded in 2003 and is based in Beaverton, Oregon.

Sell -

Seller(S) 1

SELLER

SFW Capital Partners

Rye, New York, United States

Category Private Equity Firm
Founded 2007
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

SFW Capital Partners is a private equity firm that seeks investments in U.S.-based, lower middle market companies that provide analytical tools or related outsourced analytical services. Specific areas of interest include test, measurement, and control instruments, as well as analytical software and information services. SFW primarily seeks control positions where the firm can commit $25 to $100 million per transaction. SFW Capital Partners was formed in 2007 and is based in Rye, New York.


DEAL STATS #
Overall 12 of 13
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 4
State: Florida M&A 1 of 1
Country: United States M&A 12 of 13
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Filtec

Torrance, California, United States

Filtec is a provider of advanced in-line inspection instrumentation and systems for the beverage industry. The company provides electronic equipment for inspection and marking of empty and full containers on bottling, canning, and packaging. Filtec was founded in 1958 and is based in Torrance, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 Micromeritics

Norcross, Georgia, United States

Micromeritics is a provider of analytical instrumentation for particle and materials characterization. Micromeritics offers market-leading technologies for the characterization of surface area and porosity, density and volume, physical and chemical adsorption, and size and shape of particles. Micromeritics was founded in 1962 and is based in Norcross, Georgia.

Sell $630M