M&A Deal Summary

WeWork Acquires Managed by Q

On April 3, 2019, WeWork acquired business services company Managed by Q for 220M USD

Acquisition Highlights
  • This is WeWork’s 2nd transaction in the Business Services sector.
  • This is WeWork’s largest (disclosed) transaction.
  • This is WeWork’s 9th transaction in the United States.
  • This is WeWork’s 6th transaction in New York.
Investment Fate
  • Managed by Q was divested to a consortium of strategic buyers in 2020.

M&A Deal Summary
Date 2019-04-03
Target Managed by Q
Sector Business Services
Buyer(s) WeWork
Deal Type Add-on Acquisition
Deal Value 220M USD

Target

Managed by Q

New York, New York, United States
Managed by Q is the platform for office management. Q makes it easy to run an office by connecting offices to services, including cleaning, maintenance, office administration, IT, and security. Companies use Q’s marketplace to discover vetted service providers, request project quotes, schedule work, and pay for office services, all in one place. A solution for recurring and ad-hoc office needs, Q saves companies valuable time and supports office operations for thousands of businesses nationwide.

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Buyer(S) 1

Buyer

WeWork

New York, New York, United States
Category Company
Founded 2010
Sector Real Estate
Revenue 3.2B USD (2022)
DESCRIPTION
WeWork co-working office in Austin, Texas.
WeWork co-working office in Austin, Texas.

WeWork is a global network of co-working offices and living spaces that looks to foster a community amongst its members. WeWork was established in 2010 and is based in New York City.

DEAL STATS #
Overall 11 of 16
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 11 of 16
State (New York) 6 of 9
Country (United States) 9 of 14
Year (2019) 2 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Euclid Analytics

San Francisco, California, United States

Euclid is a spatial-analytics platform whose team and technology helps enterprises better understand how their employees use workplaces, and create more productive, engaging spaces for their teams. Euclid’s team has built a proprietary analytic offering that uses WiFi signals to understand how space is used without the installation of any additional hardware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Waltz

New York, New York, United States

Waltz has developed a mobile application and reader that makes it easy for employees and guests to securely enter buildings and offices. Waltz has advanced and sophisticated products to provide that single credential to members and to help better connect members with spaces.

Buy -
Mergr

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