GTCR Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, GTCR has acquired 15 companies. It has also invested in 2 others.

GTCR’s most common sectors for investment arehealthcare services (16%) and information technology (12%) . The Firm’s most common investment types include secondary buyout (25%) and stake purchase (20%). In total, GTCR has invested in 30 US states and 6 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired Wells Fargo Asset Management for $2.1B.

In the last 3 years, GTCR has exited 3 companies. The Firm’s most common exit type is trade sale (49%). GTCR’s largest (disclosed) exit occurred in 2020 when it sold Optimal Blue for $1.8B.

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M&A Summary

M&A Total Activity213
- M&A Buy Activity132
- M&A Sell Activity81
Total Sectors Invested 29
Total Countries Invested 6
M&A Buy/Sell Connections 83
M&A Advisors 43

GTCR

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	-	-
Enterprise Value	-	-

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

Enterprise Value

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (4.0/yr)	#	112	4	7	4	5	-	132
vol	$7.9B		$2.1B		$180M		$10.2B
Sell (1.8/yr)	#	72	6	3	-	-	-	81
vol	$23.0B	$1.8B	$1.1B				$26.0B
	213

Year

≤ '19

'20

'21

'22

'23

'24

Buy (4.0/yr)

112

132

vol

$7.9B

$2.1B

$180M

$10.2B

Sell (1.8/yr)

vol

$23.0B

$1.8B

$1.1B

$26.0B

213

Company	Date	Value	Type
Cloudbreak Health LLC	2023-11-16	180M USD	Divestiture
Columbus, Ohio · www.cloudbreak.us
Foundation Source Philanthropic Services, Inc.	2023-09-13	-	Secondary Buyout
Fairfield, Connecticut · www.foundationsource.com
ADT - Commercial Fire & Security Segment	2023-08-08	-	Divestiture
Boca Raton, Florida
Once For All	2023-07-24	-	Secondary Buyout
Paris, France · www.onceforall.com
Worldpay, Inc.	2023-07-06	-	Divestiture
Jacksonville, Florida · www.worldpay.com
Biocoat, Inc.	2022-11-02	-	Secondary Buyout
Horsham, Pennsylvania · www.biocoat.com
Visionary Broadband Seller, Inc.	2022-06-06	-	Growth Capital
Gillette, Wyoming · www.vcn.com
PathGroup, Inc.	2022-05-13	-	Secondary Buyout
Brentwood, Tennessee · www.pathgroup.com
Experity, Inc.	2022-03-01	-	Buyout (LBO, MBO, MBI)
Machesney Park, Illinois · www.experityhealth.com
Reich & Tang Deposit Networks LLC	2021-12-21	-	Growth Capital
New York, New York · www.rnt.com
View All >>

Company

Date

Value

Type

Cloudbreak Health LLC

2023-11-16

180M USD

Divestiture

Columbus, Ohio · www.cloudbreak.us

Foundation Source Philanthropic Services, Inc.

2023-09-13

Secondary Buyout

Fairfield, Connecticut · www.foundationsource.com

ADT - Commercial Fire & Security Segment

2023-08-08

Divestiture

Boca Raton, Florida

Once For All

2023-07-24

Secondary Buyout

Paris, France · www.onceforall.com

Worldpay, Inc.

2023-07-06

Divestiture

Jacksonville, Florida · www.worldpay.com

Biocoat, Inc.

2022-11-02

Secondary Buyout

Horsham, Pennsylvania · www.biocoat.com

Visionary Broadband Seller, Inc.

2022-06-06

Growth Capital

Gillette, Wyoming · www.vcn.com

PathGroup, Inc.

2022-05-13

Secondary Buyout

Brentwood, Tennessee · www.pathgroup.com

Experity, Inc.

2022-03-01

Buyout (LBO, MBO, MBI)

Machesney Park, Illinois · www.experityhealth.com

Reich & Tang Deposit Networks LLC

2021-12-21

Growth Capital

New York, New York · www.rnt.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
Park Place Technologies, Inc.	2015-11-30	NorthSmart Third Party Maintenance Services	2024-01-23	19
Cleveland, Ohio · www.parkplacetechnologies.com	Atlanta, Georgia
Resonetics LLC	2018-02-01	Tru Tech Systems, Inc.	2023-09-01	1
Nashua, New Hampshire · www.resonetics.com	Mt. Clemens, Michigan · www.trutechsystems.com
PC Dreamscape Opco, Inc.	2020-05-12	Mediaocean - Lumina	2023-06-12	3
New York, New York · www.guideline.ai	New York, New York
Simplifi Holdings, Inc.	2017-08-31	Bidtellect, Inc.	2023-02-28	3
Fort Worth, Texas · www.simpli.fi	Delray Beach, Florida · www.bidtellect.com
PPC Flexible Packaging	2021-10-01	StePac L.A. Ltd.	2023-02-01	1
Buffalo Grove, Illinois · www.ppcflex.com	Tefen, Israel · www.stepac.com
Resonetics LLC	2018-02-01	Memry Corp.	2023-01-09	11
Nashua, New Hampshire · www.resonetics.com	Bethel, Connecticut · www.memry.com
Transaction Data Systems, Inc.	2021-05-17	Tabula Rasa HealthCare, Inc. - PrescribeWellness Business	2022-06-21	1
Orlando, Florida · www.tdsclinical.com	, New Jersey
PC Dreamscape Opco, Inc.	2020-05-12	SQAD LLC	2022-04-16	2
New York, New York · www.guideline.ai	Tarrytown, New York · www.sqad.com
EaglePicher Technologies LLC	2018-01-23	EaglePicher Technologies - Medical Power Business	2022-04-11	2
Joplin, Missouri · www.eaglepicher.com	Vancouver, British Columbia
Park Place Technologies, Inc.	2015-11-30	Congruity360 - Storfirst	2022-02-01	18
Cleveland, Ohio · www.parkplacetechnologies.com	Pembroke, Massachusetts

Company

Acquired

Add-On/Sale

Date

Park Place Technologies, Inc.

2015-11-30

NorthSmart Third Party Maintenance Services

2024-01-23

Cleveland, Ohio · www.parkplacetechnologies.com

Atlanta, Georgia

Resonetics LLC

2018-02-01

Tru Tech Systems, Inc.

2023-09-01

Nashua, New Hampshire · www.resonetics.com

Mt. Clemens, Michigan · www.trutechsystems.com

PC Dreamscape Opco, Inc.

2020-05-12

Mediaocean - Lumina

2023-06-12

New York, New York · www.guideline.ai

New York, New York

Simplifi Holdings, Inc.

2017-08-31

Bidtellect, Inc.

2023-02-28

Fort Worth, Texas · www.simpli.fi

Delray Beach, Florida · www.bidtellect.com

PPC Flexible Packaging

2021-10-01

StePac L.A. Ltd.

2023-02-01

Buffalo Grove, Illinois · www.ppcflex.com

Tefen, Israel · www.stepac.com

Resonetics LLC

2018-02-01

Memry Corp.

2023-01-09

Nashua, New Hampshire · www.resonetics.com

Bethel, Connecticut · www.memry.com

Transaction Data Systems, Inc.

2021-05-17

Tabula Rasa HealthCare, Inc. - PrescribeWellness Business

2022-06-21

Orlando, Florida · www.tdsclinical.com

, New Jersey

PC Dreamscape Opco, Inc.

2020-05-12

SQAD LLC

2022-04-16

New York, New York · www.guideline.ai

Tarrytown, New York · www.sqad.com

EaglePicher Technologies LLC

2018-01-23

EaglePicher Technologies - Medical Power Business

2022-04-11

Joplin, Missouri · www.eaglepicher.com

Vancouver, British Columbia

Park Place Technologies, Inc.

2015-11-30

Congruity360 - Storfirst

2022-02-01

Cleveland, Ohio · www.parkplacetechnologies.com

Pembroke, Massachusetts

Sector	Current #	Value	All-time #	Value
Healthcare Services	3 (8%)	180M (5%)	20 (15%)	855M (8%)
Information Technology	4 (11%)	-	15 (11%)	500M (5%)
Business Services	3 (8%)	-	15 (11%)	-
Financial Services	4 (11%)	2.1B (62%)	11 (8%)	4.0B (39%)
Communications	4 (11%)	-	11 (8%)	800M (8%)
Software	4 (11%)	1.1B (33%)	9 (7%)	1.5B (15%)
Life Science	3 (8%)	-	8 (6%)	-
Insurance	2 (5%)	-	6 (5%)	1.0B (10%)
Internet Software and Services	-	-	5 (4%)	-
Medical Products	3 (8%)	-	5 (4%)	-
Safety/Security	1 (3%)	-	4 (3%)	828M (8%)
Test/Measurement Equipment	1 (3%)	-	2 (2%)	480M (5%)
Aerospace	1 (3%)	-	2 (2%)	-
Chemicals	2 (5%)	-	2 (2%)	-
Information Services	-	-	2 (2%)	-
Marketing	1 (3%)	-	2 (2%)	-
Media	-	-	2 (2%)	-
Utilities	-	-	1 (1%)	205M (2%)
Transportation	-	-	1 (1%)	38M (< 1%)
Consumer Products	-	-	1 (1%)	-
Consumer Services	-	-	1 (1%)	-
Defense	-	-	1 (1%)	-
Distribution	-	-	1 (1%)	-
Electrical Equipment	1 (3%)	-	1 (1%)	-
Environmental	-	-	1 (1%)	-
Food	-	-	1 (1%)	-
Machinery	-	-	1 (1%)	-
Packaging	1 (3%)	-	1 (1%)	-
Real Estate	-	-	1 (1%)	-
Total	38	$3.4B	133	$10.2B

Sector

Current #

Value

All-time #

Value

Healthcare Services

3 (8%)

180M (5%)

20 (15%)

855M (8%)

Information Technology

4 (11%)

15 (11%)

500M (5%)

Business Services

3 (8%)

15 (11%)

Financial Services

4 (11%)

2.1B (62%)

11 (8%)

4.0B (39%)

Communications

4 (11%)

11 (8%)

800M (8%)

Software

4 (11%)

1.1B (33%)

9 (7%)

1.5B (15%)

Life Science

3 (8%)

8 (6%)

Insurance

2 (5%)

6 (5%)

1.0B (10%)

Internet Software and Services

5 (4%)

Medical Products

3 (8%)

5 (4%)

Safety/Security

1 (3%)

4 (3%)

828M (8%)

Test/Measurement Equipment

1 (3%)

2 (2%)

480M (5%)

Aerospace

1 (3%)

2 (2%)

Chemicals

2 (5%)

2 (2%)

Information Services

2 (2%)

Marketing

1 (3%)

2 (2%)

Media

2 (2%)

Utilities

1 (1%)

205M (2%)

Transportation

1 (1%)

38M (< 1%)

Consumer Products

1 (1%)

Consumer Services

1 (1%)

Defense

1 (1%)

Distribution

1 (1%)

Electrical Equipment

1 (3%)

1 (1%)

Environmental

1 (1%)

Food

1 (1%)

Machinery

1 (1%)

Packaging

1 (3%)

1 (1%)

Real Estate

1 (1%)

Total

$3.4B

133

$10.2B

State/Country	Current #	Value	All-time #	Value
United States	36 (95%)	3.4B (100%)	127 (95%)	7.8B (77%)
	Illinois	7 (18%)	-	19 (14%)	2.3B (23%)
	Florida	6 (16%)	-	13 (10%)	-
	New York	5 (13%)	1.1B (33%)	13 (10%)	1.1B (11%)
	California	2 (5%)	2.1B (62%)	10 (8%)	2.6B (26%)
	Texas	2 (5%)	-	8 (6%)	-
	Tennessee	1 (3%)	-	8 (6%)	-
	Ohio	3 (8%)	180M (5%)	6 (5%)	855M (8%)
	Georgia	1 (3%)	-	6 (5%)	516M (5%)
	Maryland	-	-	5 (4%)	-
	North Carolina	1 (3%)	-	4 (3%)	38M (< 1%)
	Connecticut	2 (5%)	-	3 (2%)	-
	Missouri	2 (5%)	-	3 (2%)	-
	Pennsylvania	1 (3%)	-	3 (2%)	-
	Colorado	-	-	3 (2%)	-
	Virginia	-	-	3 (2%)	-
	New Hampshire	1 (3%)	-	2 (2%)	390M (4%)
	Oregon	1 (3%)	-	2 (2%)	-
	Wisconsin	-	-	2 (2%)	-
	New Jersey	-	-	2 (2%)	-
	Kentucky	-	-	2 (2%)	-
	Wyoming	1 (3%)	-	1 (1%)	-
	Delaware	-	-	1 (1%)	-
	Alabama	-	-	1 (1%)	-
	Utah	-	-	1 (1%)	-
	Oklahoma	-	-	1 (1%)	-
	Nevada	-	-	1 (1%)	-
	Nebraska	-	-	1 (1%)	-
	Minnesota	-	-	1 (1%)	-
	Massachusetts	-	-	1 (1%)	-
	Kansas	-	-	1 (1%)	-
United Kingdom	-	-	2 (2%)	1.4B (14%)
France	1 (3%)	-	1 (1%)	-
Switzerland	1 (3%)	-	1 (1%)	-
Bermuda	-	-	1 (1%)	1.0B (10%)
Canada	-	-	1 (1%)	-
	Alberta	-	-	1 (1%)	-
Domestic	36 (95%)	3.4B (100%)	127 (95%)	7.8B (77%)
Cross-border	2 (5%)	-	6 (5%)	2.4B (23%)
Total	38	$3.4B	133	$10.2B

State/Country

Current #

Value

All-time #

Value

United States

36 (95%)

3.4B (100%)

127 (95%)

7.8B (77%)

Illinois

7 (18%)

19 (14%)

2.3B (23%)

Florida

6 (16%)

13 (10%)

New York

5 (13%)

1.1B (33%)

13 (10%)

1.1B (11%)

California

2 (5%)

2.1B (62%)

10 (8%)

2.6B (26%)

Texas

2 (5%)

8 (6%)

Tennessee

1 (3%)

8 (6%)

Ohio

3 (8%)

180M (5%)

6 (5%)

855M (8%)

Georgia

1 (3%)

6 (5%)

516M (5%)

Maryland

5 (4%)

North Carolina

1 (3%)

4 (3%)

38M (< 1%)

Connecticut

2 (5%)

3 (2%)

Missouri

2 (5%)

3 (2%)

Pennsylvania

1 (3%)

3 (2%)

Colorado

3 (2%)

Virginia

3 (2%)

New Hampshire

1 (3%)

2 (2%)

390M (4%)

Oregon

1 (3%)

2 (2%)

Wisconsin

2 (2%)

New Jersey

2 (2%)

Kentucky

2 (2%)

Wyoming

1 (3%)

1 (1%)

Delaware

1 (1%)

Alabama

1 (1%)

Utah

1 (1%)

Oklahoma

1 (1%)

Nevada

1 (1%)

Nebraska

1 (1%)

Minnesota

1 (1%)

Massachusetts

1 (1%)

Kansas

1 (1%)

United Kingdom

2 (2%)

1.4B (14%)

France

1 (3%)

1 (1%)

Switzerland

1 (3%)

1 (1%)

Bermuda

1 (1%)

1.0B (10%)

Canada

1 (1%)

Alberta

1 (1%)

Domestic

36 (95%)

3.4B (100%)

127 (95%)

7.8B (77%)

Cross-border

2 (5%)

6 (5%)

2.4B (23%)

Total

$3.4B

133

$10.2B

Type	Current #	Value	All-time #	Value
Secondary Buyout	17 (45%)	-	33 (25%)	1.2B (12%)
Buyout (LBO, MBO, MBI)	3 (8%)	-	26 (20%)	1.2B (12%)
Stake Purchase	1 (3%)	-	26 (20%)	-
Divestiture	4 (11%)	2.3B (67%)	12 (9%)	4.5B (44%)
Consolidation	6 (16%)	-	12 (9%)	-
Growth Capital	3 (8%)	-	9 (7%)	-
Going Private	2 (5%)	1.1B (33%)	6 (5%)	3.1B (31%)
Recapitalization	2 (5%)	-	6 (5%)	-
PIPE	-	-	2 (2%)	200M (2%)
Venture	-	-	1 (1%)	-
Total	38	$3.4B	133	$10.2B

Type

Current #

Value

All-time #

Value

Secondary Buyout

17 (45%)

33 (25%)

1.2B (12%)

Buyout (LBO, MBO, MBI)

3 (8%)

26 (20%)

1.2B (12%)

Stake Purchase

1 (3%)

26 (20%)

Divestiture

4 (11%)

2.3B (67%)

12 (9%)

4.5B (44%)

Consolidation

6 (16%)

12 (9%)

Growth Capital

3 (8%)

9 (7%)

Going Private

2 (5%)

1.1B (33%)

6 (5%)

3.1B (31%)

Recapitalization

2 (5%)

6 (5%)

PIPE

2 (2%)

200M (2%)

Venture

1 (1%)

Total

$3.4B

133

$10.2B

Type	Total #	Value
Trade Sale - Public Company	27 (33%)	15.8B (65%)
Secondary Sale	19 (23%)	3.9B (16%)
Trade Sale	13 (16%)	4.6B (19%)
IPO	13 (16%)	-
Merger	3 (4%)	-
Unknown	3 (4%)	-
Bankruptcy	2 (2%)	-
Stake Sale	1 (1%)	-
Total	81	$24.3B

Type

Total #

Value

Trade Sale - Public Company

27 (33%)

15.8B (65%)

Secondary Sale

19 (23%)

3.9B (16%)

Trade Sale

13 (16%)

4.6B (19%)

IPO

13 (16%)

Merger

3 (4%)

Unknown

3 (4%)

Bankruptcy

2 (2%)

Stake Sale

1 (1%)

Total

$24.3B

Financial	Deals
Jefferies	6
Barclays Investment Bank	4
Credit Suisse Investment Banking	4

Financial

Deals

Jefferies

Barclays Investment Bank

Credit Suisse Investment Banking

Legal	Deals
Kirkland & Ellis	44
Latham & Watkins	13
Skadden, Arps, Slate, Meagher & Flom LLP	2

Legal

Deals

Kirkland & Ellis

Latham & Watkins

Skadden, Arps, Slate, Meagher & Flom LLP

buy	#	Total
> $1B	4	$5.6B
$100M to $1B	10	$4.6B
< $100M	1	$38M
TOTAL	$10.2B
Largest	Wells Fargo Asset Management $2.1B (2021-02-23)

buy

Total

> $1B

$5.6B

$100M to $1B

$4.6B

< $100M

$38M

TOTAL

$10.2B

Largest

Wells Fargo Asset Management
$2.1B (2021-02-23)

sell	#	Total
> $1B	10	$13.8B
$100M to $1B	22	$12.2B
TOTAL	$26.0B
Largest	Optimal Blue LLC $1.8B (2020-07-27)

sell

Total

> $1B

$13.8B

$100M to $1B

$12.2B

TOTAL

$26.0B

Largest

Optimal Blue LLC
$1.8B (2020-07-27)

		Deals
Acquired from
Investor(s)	26%	35 (26%)
Strategic(s)	8%	10 (8%)
Exited to
Investor(s)	25%	20 (25%)
Strategic(s)	53%	43 (53%)

Deals

Acquired from

Investor(s)

35 (26%)

Strategic(s)

10 (8%)

Exited to

Investor(s)

20 (25%)

Strategic(s)

43 (53%)

FAQ

When was GTCR founded?

GTCR was founded in 1980.

What type of investor is GTCR?

GTCR is a private equity firm.

Where is GTCR headquartered?

GTCR is headquartered in Chicago, Illinois.

How much capital does GTCR have under management?

GTCR has 15.0B USD under management.

GTCR Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

GTCR

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Top M&A Advisors

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

PE Assets

Established

Specialist/Generalist

Leadership

Aaron Cohen

Benjamin Daverman

Collin Roche

Constantine Mihas

Craig Bondy

FAQ

When was GTCR founded?

What type of investor is GTCR?

Where is GTCR headquartered?

How much capital does GTCR have under management?

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