ABRY Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, ABRY Partners has acquired 11 companies. It has also invested in 14 others.

ABRY Partners’ most common sectors for investment areinformation technology (22%) and business services (13%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (27%) and growth capital (26%). In total, ABRY Partners has invested in 31 US states and 9 different countries. Its largest (disclosed) acquisition occurred in 2013 when it acquired Lightower Fiber Networks for $2.0B.

In the last 3 years, ABRY Partners has exited 15 companies. The Firm’s most common exit type is trade sale (53%). ABRY Partners’ largest (disclosed) exit occurred in 2017 when it sold Lightower Fiber Networks for $7.1B.

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M&A Summary

  • M&A Total Activity266
    • M&A Buy Activity169
    • M&A Sell Activity97
  • Total Sectors Invested 24
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 105
  • M&A Advisors 18

ABRY Partners

ABRY Partners

888 Boylston, Ste. 1600,
Boston, Massachusetts 02199
United States
(617) 859-2959
www.abry.com
info@abry.com

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Digital Media, Education, Financial Services, Healthcare Services, Information Technology, Insurance, Internet Software and Services, Leisure, Media, Medical Products, Publishing, Safety/Security, Software, Staffing

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, PIPE

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 50 -
Target EBITDA - -
Investment Size 20 200
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (7.0/yr) # 134 10 14 6 5 - 169
vol $6.2B $1.8B $8.0B
Sell (3.6/yr) # 80 3 11 2 2 - 98
vol $25.3B $5.7B $1.8B $32.8B
  267

Most Recent M&A

Company Date Value Type
Prime Capital Investment Advisors 2023-07-12 - Stake Purchase
Overland Park, Kansas · www.pciawealth.com
Socius Insurance Services, Inc. 2023-05-23 - Trade Sale
San Francisco, California · www.sociusinsurance.com
Reward Gateway Ltd. 2023-05-16 1.8B GBP Trade Sale
London, United Kingdom · www.rewardgateway.com
Ascend Healthcare, Inc. 2023-03-01 - Buyout (LBO, MBO, MBI)
Chandler, Arizona · www.ascendtelehealth.com
Precision Strategies 2023-02-22 - Growth Capital
New York, New York · www.precisionstrategies.com
TeraSky Ltd. 2023-01-26 - Growth Capital
Petach Tikva, Israel · www.terasky.com
Propark Mobility 2023-01-01 - Buyout (LBO, MBO, MBI)
Hartford, Connecticut · www.propark.com
Better Protection 2022-12-20 - Growth Capital
Oakbrook Terrace, Illinois · www.btrprotection.com
Dynasty Financial Partners LLC 2022-12-17 - Growth Capital
St. Petersburg, Florida · www.dynastyfinancialpartners.com
Intellivo 2022-08-03 - Secondary Sale
Memphis, Tennessee · www.intellivo.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
illumifin Corp. 2021-05-17 AmeriLife - Administrative Partners of America 2024-01-09 2
Greenville, South Carolina · www.illumifin.com Clearwater, Florida
Inspira Financial Trust LLC 2019-01-04 Benefit Resources, Inc. 2023-07-13 4
Oak Brook, Illinois · www.inspirafinancial.com Rochester, New York · www.benefitresource.com
Inoapps Ltd. 2022-04-13 Tier1, Inc. 2022-10-11 1
Aberdeen, United Kingdom · www.inoapps.com Warrendale, Pennsylvania · www.tier1inc.com
Alvaria, Inc. 2021-01-01 Cicero - Intelligent Analytics Platform 2022-07-19 1
Atlanta, Georgia · www.aspect.com Cary, North Carolina
Safety Holdings, Inc. 2016-04-06 Collision Management Systems Ltd. 2022-04-28 3
Denver, Colorado · www.sambasafety.com Milton Keynes, United Kingdom · www.c-m-s.tech
Inspira Financial Trust LLC 2019-01-04 PayFlex Systems USA, Inc. 2022-04-05 3
Oak Brook, Illinois · www.inspirafinancial.com Omaha, Nebraska · www.payflex.com
illumifin Corp. 2021-05-17 Long Term Care Group, Inc. 2022-02-24 1
Greenville, South Carolina · www.illumifin.com Eden Prairie, Minnesota · www.ltcg.com
High Street Insurance Partners LLC 2021-04-16 Insurance Services Group, Inc. 2022-01-21 19
Traverse City, Michigan · www.hsip.com Edmonds, Washington · www.insuranceservicesgroup.com
Options Technology Ltd. 2020-01-07 Fixnetix Ltd. 2021-01-06 2
London, United Kingdom · www.options-it.com London, United Kingdom · www.fixnetix.com
Franklin Energy Services LLC 2019-07-31 Build It Green - Utility Business 2019-10-01 3
Port Washington, Wisconsin · www.franklinenergy.com Oakland, California

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 14 (25%) - 36 (21%) 1.2B (16%)
Business Services 9 (16%) - 21 (12%) 215M (3%)
Communications 1 (2%) 402M (100%) 16 (9%) 3.8B (48%)
Software 6 (11%) - 13 (8%) -
Internet Software and Services 2 (4%) - 12 (7%) 1.8B (22%)
Media - - 11 (7%) 650M (8%)
Insurance 4 (7%) - 11 (7%) -
Healthcare Services 1 (2%) - 9 (5%) -
Marketing 6 (11%) - 7 (4%) -
Information Services - - 5 (3%) 222M (3%)
Education - - 4 (2%) -
Financial Services 3 (5%) - 4 (2%) -
Publishing - - 4 (2%) -
Technology Hardware 1 (2%) - 3 (2%) 100M (1%)
Consumer Services 1 (2%) - 2 (1%) -
Digital Media 2 (4%) - 2 (1%) -
Safety/Security 1 (2%) - 2 (1%) -
Aerospace - - 1 (1%) -
Environmental - - 1 (1%) -
Leisure 1 (2%) - 1 (1%) -
Real Estate 1 (2%) - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Transportation 1 (2%) - 1 (1%) -
Utilities 1 (2%) - 1 (1%) -
Total 55 $402M 169 $8.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 44 (80%) - 144 (85%) 5.5B (68%)
  California 2 (4%) - 19 (11%) -
  Texas 4 (7%) - 18 (11%) 410M (5%)
  New York 5 (9%) - 11 (7%) 530M (7%)
  New Jersey 3 (5%) - 11 (7%) 1.2B (15%)
  Florida 2 (4%) - 10 (6%) -
  Massachusetts 2 (4%) - 8 (5%) 2.0B (25%)
  Arizona 4 (7%) - 7 (4%) -
  Colorado 3 (5%) - 7 (4%) -
  Georgia 2 (4%) - 7 (4%) -
  Illinois 3 (5%) - 6 (4%) 100M (1%)
  Pennsylvania 1 (2%) - 4 (2%) -
  North Carolina - - 4 (2%) 140M (2%)
  Michigan 2 (4%) - 3 (2%) 222M (3%)
  Washington 2 (4%) - 3 (2%) -
  Minnesota 1 (2%) - 3 (2%) -
  Virginia - - 3 (2%) 215M (3%)
  Connecticut 1 (2%) - 2 (1%) -
  Wisconsin 1 (2%) - 2 (1%) -
  South Carolina 1 (2%) - 2 (1%) -
  Indiana 1 (2%) - 2 (1%) -
  Tennessee - - 2 (1%) -
  Oregon 1 (2%) - 1 (1%) -
  New Hampshire 1 (2%) - 1 (1%) -
  Kansas 1 (2%) - 1 (1%) -
  Iowa 1 (2%) - 1 (1%) -
  District of Columbia - - 1 (1%) 650M (8%)
  Alabama - - 1 (1%) -
  Ohio - - 1 (1%) -
  Nevada - - 1 (1%) -
  Missouri - - 1 (1%) -
  Kentucky - - 1 (1%) -
United Kingdom 6 (11%) - 11 (7%) 1.8B (22%)
Canada 1 (2%) - 5 (3%) 361M (5%)
  Ontario - - 3 (2%) 361M (5%)
  Quebec 1 (2%) - 2 (1%) -
Sweden 2 (4%) - 3 (2%) -
Norway 1 (2%) 402M (100%) 2 (1%) 402M (5%)
Israel 1 (2%) - 1 (1%) -
Germany - - 1 (1%) -
Bermuda - - 1 (1%) -
Puerto Rico - - 1 (1%) -
Domestic 44 (80%) - 144 (85%) 5.5B (68%)
Cross-border 11 (20%) 402M (100%) 25 (15%) 2.5B (32%)
Total 55 $402M 169 $8.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (9%) - 45 (27%) 362M (5%)
Growth Capital 23 (42%) - 43 (25%) -
Secondary Buyout 11 (20%) - 39 (23%) 2.9B (37%)
Recapitalization 7 (13%) - 15 (9%) 2.2B (27%)
Stake Purchase 2 (4%) - 9 (5%) -
Going Private 1 (2%) 402M (100%) 4 (2%) 2.0B (25%)
Consolidation 2 (4%) - 4 (2%) 530M (7%)
Divestiture 2 (4%) - 3 (2%) -
Venture - - 3 (2%) -
Acquisition Financing 1 (2%) - 2 (1%) -
Joint Venture - - 1 (1%) -
PIPE 1 (2%) - 1 (1%) -
Total 55 $402M 169 $8.0B

Exits by Deal Type

Type Total # Value
Secondary Sale 31 (32%) 4.6B (14%)
Trade Sale - Public Company 29 (30%) 22.9B (72%)
Trade Sale 23 (23%) 2.3B (7%)
Merger 3 (3%) 2.0B (6%)
Recapitalization 3 (3%) -
Bankruptcy 2 (2%) -
IPO 2 (2%) -
Stake Sale 2 (2%) -
Unknown 2 (2%) -
SPAC 1 (1%) -
Total 98 $31.7B

Top M&A Advisors

Financial Deals
Sica Fletcher LLC
 2
DH Capital
 2
BrightTower
 2
Legal Deals
Kirkland & Ellis
 26
Locke Lord
 2
Latham & Watkins
 2

Deal Values

buy # Total
> $1B 3 $5.0B
$100M to $1B 9 $2.9B
< $100M 1 $100M
TOTAL $8.0B
Largest Lightower Fiber Networks LLC
$2.0B (2013-04-11)
sell # Total
> $1B 10 $25.1B
$100M to $1B 18 $7.7B
< $100M 1 $23M
TOTAL $32.8B
Largest Lightower Fiber Networks LLC
$7.1B (2017-07-18)

M&A Connections

Deals
Acquired from
Investor(s)
25%
43 (25%)
Strategic(s)
2%
4 (2%)
Exited to
Investor(s)
33%
32 (33%)
Strategic(s)
55%
54 (55%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

12.8B USD

Established

1989

Specialist/Generalist

Specialist

Leadership

Royce Yudkoff

Co- Founder

Andrew Banks

Co-Founder

C. J. Brucato

CEO

Jay Grossman

Chair

Peggy Koenig

Chair Emeritus

FAQ

When was ABRY Partners founded?

ABRY Partners was founded in 1989.

What type of investor is ABRY Partners?

ABRY Partners is a private equity firm.

Where is ABRY Partners headquartered?

ABRY Partners is headquartered in Boston, Massachusetts.

How much capital does ABRY Partners have under management?

ABRY Partners has 12.8B USD under management.

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