M&A Deal Summary

WorkWave Acquires TaskEasy

On November 1, 2022, WorkWave acquired business services company TaskEasy from Aries Capital Partners and Level Equity

Acquisition Highlights
  • This is WorkWave’s 1st transaction in the Business Services sector.
  • This is WorkWave’s 9th transaction in the United States.
  • This is WorkWave’s 2nd transaction in Utah.

M&A Deal Summary

Date 2022-11-01
Target TaskEasy
Sector Business Services
Buyer(s) WorkWave
Sellers(s) Aries Capital Partners
Level Equity
Deal Type Add-on Acquisition

Target

TaskEasy

Salt Lake City, Utah, United States
TaskEasy is a provider of home exterior services brings contractors and property owners together, providing services for fair market prices, at consistent levels of quality. TaskEasy was founded in 2011 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

WorkWave

Holmdel, New Jersey, United States

Category Company
Founded 1984
Sector Internet Software and Services
DESCRIPTION

WorkWave is a provider of an intuitive cloud-based field service management and fleet management solutions that help enterprising organizations with a mobile workforce transform their businesses. WorkWave was founded in 1984 and is based in Holmdel, New Jersey.


DEAL STATS #
Overall 9 of 9
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 9
State: Utah M&A 2 of 2
Country: United States M&A 9 of 9
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 TEAM Software

Omaha, Nebraska, United States

TEAM Software is a developer of financial, operations, and workforce management solutions for contractors with distributed workforces of any size, with a focus on the building service and security industries. TEAM Software was founded in 1989 and is based in Omaha, Nebraska.

Buy -

Seller(S) 2

SELLER

Aries Capital Partners

Salt Lake City, Utah, United States

Investor Investor Investor


Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Aries Capital Partners is a private equity firm focused on buyout and growth equity investment opportunities in middle-market companies. Aries looks to invest in businesses with at least $10 million in revenue and earnings of $2 million or higher. Prospective companies typically have defensible competitive advantages, growth opportunities, sustained profit margins, and strong management. Aries Capital Partners was formed in 2007 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Utah M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Clientbook

Lehi, Utah, United States

Clientbook is a mobile app to facilitate easy clienteling by high-ticket retail sales associates. By using Clientbook, retailers gain visibility and control over the customer experience, resulting in more store visits, better sales conversion rates, and higher average dollar sales. Clientbook was founded in 2017 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-21 Builder.ai

London, United Kingdom

Builder.ai is an AI powered software development platform that empowers enterprises, small businesses and entrepreneurs to build, run and scale their software using reusable, Lego-like features, a vetted network of developers and the state-of-the-art software assembly line, running in the cloud. Builder.ai is based in London, United Kingdom.

Sell -
SELLER

Level Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 16 of 26
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 12
State: Utah M&A 1 of 1
Country: United States M&A 15 of 24
Year: 2022 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Mytonomy

Bethesda, Maryland, United States

Mytonomy is a platform Provides medical education video content to healthcare companies for patient education, engagement, retention, and acquisition. Mytonomy was founded in 2011 and is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Made.com

London, United Kingdom

Made.com is an online design brand that offers high-quality furniture. Made.com is bringing consumers a new way to buy furniture, cutting out the middlemen, and hence saving up to 70% off high street prices. Made.com aims to disrupt high-end furniture stores by controlling each element of its supply chain from manufacturing to the e-commerce platform. Made.com was founded in 2010 and is based in London, United Kingdom.

Sell -