Like PetroBase

closed 12/9/2020 via BNC Analysis

inerG, acquired PetroBase

synopsis: inerG, Inc., an energy assets economics software company, has acquired PetroBase LLC, a complete oil and gas management software solution. PetroBase integrates economic, production and operational data in a single application for powerful analysis that empowers efficient solutions.
buyer: inerG
inerG is a petroleum economics and reserves software platform. inerG makes the process of evaluating, funding, monitoring and optimally managing energy asset portfolios simpler. Their cloud-based platform improves the efficiency of A&D evaluation, integration and oil & gas assets management. "
target: PetroBase
PetroBase is a complete oil and gas management software solution. PetroBase integrates economic, production and operational data in a single application for powerful analysis that empowers efficient solutions. They enable clients to streamline their operations and make more informed decisions.
price ($mm)
rev ($mm)
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closed 6/10/2021 via PR Newswire

Hellman & Friedman LLC, acquired Enverus

synopsis: Hellman & Friedman (H&F), a premier global private equity firm, has acquired majority ownership of Enverus, the leading global energy data analytics and SaaS technology company, from Genstar Capital. The investment from H&F will enable Enverus to accelerate its development of market-leading software and analytics solutions.
buyer: Hellman & Friedman LLC
Hellman & Friedman is a global private equity firm focused on large-scale equity investments in high-quality growth businesses. H&F partners with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. "
target parent: Genstar Capital LLC
target: Enverus
Enverus is the leading energy SaaS company delivering highly-technical insights and predictive/prescriptive analytics that empower customers to make decisions that increase profit. Enverus is a strategic partner to more than 6,000 customers in 50 countries.
price ($mm)
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closed 8/2/2018 via PR Newswire

Genstar Capital LLC, acquired DrillingInfo Inc.

synopsis: Genstar Capital, a leading private equity firm, announced that it has completed the previously announced acquisition of Drilling Info Holdings, Inc. Drillinginfo delivers business-critical insights to oil and gas industries through a state-of-the-art SaaS platform.
buyer: Genstar Capital LLC
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for more than 25 years. Based in San Francisco, Genstar works in partnership with its management teams to transform its portfolio companies into industry-leading businesses. "
target parent: Insight Venture Partners
target: DrillingInfo Inc.
Drillinginfo delivers business-critical insights to oil and gas industries through a state-of-the-art SaaS platform built on industry-leading data and energy analytics. Their solutions deliver value across the upstream and downstream supply chain.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/28/2017 via

Quorum Business Solutions, Inc., acquired WellEz

synopsis: Quorum, the leader in digital transformation for the oil and gas industry, announced it has acquired WellEz, a leader in cloud-based well lifecycle analytics for the upstream oil and gas industry. Both companies are based in Houston, TX.
buyer parent: SilverLake
buyer: Quorum Business Solutions, Inc.
Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. "
target: WellEz
WellEz is a leader in cloud-based well lifecycle analytics for the upstream oil and gas industry. WellEz provides users with a web-based application to enter and access data from the field.
price ($mm)
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closed 9/14/2016 via BNC Analysis

Professional Datasolutions, Inc., acquired Intellifuel Inc.

synopsis: Professional Datasolutions, Inc. (PDI), a provider of enterprise-class automation software systems to the convenience retail and wholesale petroleum industries, has completed the acquisition of Intellifuel Systems Inc., a provider of fuel management and logistics solutions for downstream and midstream participants in the fuel supply chain.
buyer parent: TA Associates
buyer: Professional Datasolutions, Inc.
Professional Datasolutions, Inc. ("PDI"), provides software, hosted solutions and professional services to multi-unit convenience retailers and wholesale petroleum marketers. PDI's software systems include retail automation, supply-chain management, business intelligence, and more. "
target: Intellifuel Inc.
Intellifuel provides fuel management and logistics solutions to the fuel supply chain. Their solutions provide easily-mastered web-based software, excellent customer results, and a demonstrable return on investment.
price ($mm)
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closed 10/24/2018 via Company Press Release

Great Hill Partners LLC, acquired Ikon Science

synopsis: Ikon Science announced that Great Hill Partners, a leading Boston-based private equity firm, has acquired their global business. Ikon Science develops quantitative subsurface software technology and solutions that increase the value of oil and gas reserves while reducing drilling costs and operational uncertainty.
buyer: Great Hill Partners LLC
Great Hill Partners is a private equity that seeks to partner with rapidly growing middle market companies operating in the following sectors: business services, financial technology, healthcare technology, Internet, logistics, media/communications, software and transaction processing. "
target: Ikon Science
Ikon Science develops software technology for the oil & gas industries. Their RokDoc platform brings the expertise and innovation required to build knowledge and confidence in sub-surface decision-making, predicting safer, cheaper and more efficient exploration, reservoir optimisation and drilling.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 6/8/2022 via BNC Analysis

Valsoft Corp, acquired Inatech Solutions

synopsis: Valsoft Corporation Inc., a Canadian-based company specializing in the acquisition and development of vertical market software businesses, has announced its acquisition of Inatech, a rapidly expanding energy trading and risk management solutions company, previously owned by Glencore.
buyer: Valsoft Corp
Based in Canada, Valsoft Corporation acquires and develops vertical market software companies through which each business can deliver the best mission-critical solutions for customers in their respective industry or niche. "
target parent: Glencore
target: Inatech Solutions
Established in 2002, Inatech is an innovative cloud-based energy trading risk management (ETRM) and fuel management solutions company. Inatech is the preferred partner for traditional energy trading businesses in their transition journey from fossil to alternative fuels.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 1/4/2017 via Company Press Release

Pason Systems, acquired Verdazo Analytics Inc.

synopsis: Pason Systems Inc. has acquired all of the issued and outstanding shares of Verdazo Analytics Inc. Verdazo is a Calgary-based, privately owned software company offering discovery analytics. Verdazo’s product allows energy producers to make informed decisions on how to enhance production, improve operations, and increase overall profitability.
buyer: Pason Systems (TSX:PSI:$129.83)
Pason Systems Inc. is a leading global provider of specialized data management systems for drilling rigs. Their solutions, which include data acquisition, wellsite reporting, remote communications, and web-based information management, enable collaboration between the rig and the office. "
target: Verdazo Analytics Inc.
Verdazo is a Calgary-based, privately owned software company offering discovery analytics. Founded in 2006, the Company’s product allows energy producers to make informed decisions on how to enhance production, improve operations, and increase overall profitability.
price ($mm)
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closed 8/23/2022 via BusinessWire

EnergyCAP, Inc., acquired Wattics

synopsis: EnergyCAP, a pioneer in energy and sustainability enterprise resource planning (ERP) software, announced the acquisition of Wattics, an innovative global provider of energy management analytics and monitoring software.
buyer parent: Resurgens Technology Partners
buyer: EnergyCAP, Inc.
EnergyCAP is the leading Energy and Sustainability ERP, empowering customers with full control and understanding of their energy and sustainability data to reduce their carbon footprint and drive savings. "
target: Wattics
Wattics is an innovative energy management analytics and monitoring platform that allows energy and sustainability professionals to manage, monitor, and analyze energy, commodities, and related data – from a single dashboard.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/22/2022 via BNC Analysis

Smart Metering Systems plc., acquired n3rgy

synopsis: Smart Metering Systems, a fully integrated energy infrastructure company in the UK, has acquired n3rgy Data Ltd, a data software company in the UK. n3rgy provides digital services to businesses involved in the transforming energy market. Their SaaS platform collects energy consumption, generation and tariff data from smart meters.
buyer: Smart Metering Systems plc. (AIM:SMS:$108.48)
Smart Metering Systems (SMS) is a fully integrated energy infrastructure company in the UK. SMS provides a full end-to-end service, from funding and installation to management and maintenance. The company installs and manages smart meters, energy data, and other carbon reduction assets. "
target: n3rgy
n3rgy is a data software company in the UK. n3rgy provides digital services to businesses involved in the transforming energy market. Their SaaS platform collects energy consumption, generation and tariff data from smart meters to help businesses improve their existing services and develop new ones.
price ($mm)
$1.71
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/27/2021 via Company Press Release

Uplight, acquired Agentis

synopsis: Uplight, a leading technology partner for energy providers, has acquired Agentis, a customer engagement platform for utility businesses. Agentis' SaaS platform enables energy providers to provide a state-of-the-art digital experience to their business customers. They deliver energy analytics that help users to improve call center effectiveness.
buyer parent: Rubicon Technology Partners
buyer: Uplight
Uplight is the leading provider of end-to-end customer-centric technology solutions dedicated solely to serving the energy ecosystem. Uplight provides software and services to more than 85 of North America’s leading electric and gas utilities serving 110 million homes and businesses. "
target: Agentis
Agentis is a customer engagement platform for utility businesses. Agentis' SaaS platform enables energy providers to provide a state-of-the-art digital experience to their business customers. They deliver energy analytics that help users to lower costs and improve call center effectiveness.
price ($mm)
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closed 5/12/2021 via BusinessWire

Resource Innovations, acquired Nexant Inc.

synopsis: Resource Innovations, a woman-led energy consulting company, announced it is adding energy services and software firm Nexant, Inc. to the organization. Nexant develops and delivers intelligent grid software, clean energy solutions, and engineering and consulting services to the global energy and petrochemical industries.
buyer: Resource Innovations
Resource Innovations is a woman-led energy consulting company. Resource Innovations was founded by women and uniquely led by an all-women C-suite with decades of industry expertise. "
target parent: TeleSoft Partners
target: Nexant Inc.
Nexant develops and delivers intelligent grid software, clean energy solutions, and engineering and consulting services to the global energy and petrochemical industries. It is a pioneer in developing and advancing technology solutions for the electric power grid and alternative energy.
price ($mm)
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announced 8/6/2020 via BusinessWire

Q CELLS, will acquire Growing Energy Labs, Inc.

synopsis: Q CELLS, a leading global solar company, will acquire Growing Energy Labs, Inc. (Geli), a provider of software and business solutions for designing, automating, and managing energy storage systems. Geli’s suite of products creates an ecosystem where project developers, OEMs, financiers, and project operators can deploy advanced energy projects.
buyer parent: Hanwha Solutions
buyer: Q CELLS
Q CELLS is a leading global solar company. Q CELLS manufacturers high-quality solar cells and modules that are extremely reliable and achieve outstanding energy yields. They offer products for residential, commercial and utility use. "
target: Growing Energy Labs, Inc.
Growing Energy Labs, Inc. (Geli) is a provider of software and business solutions for designing, automating, and managing energy storage systems. Geli’s suite of products creates an ecosystem where project developers, OEMs, financiers, and project operators can deploy advanced energy projects.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 6/12/2019 via Market Watch

Trane Inc., acquired EcoFactor

synopsis: Trane, a world leader in air conditioning systems, services and solutions, has acquired EcoFactor, a leader in cloud-based home energy management solutions. EcoFactor offers an AI powered analytics platform that actively manages thermostats to improve comfort and save time and money.
buyer parent: Ingersoll Rand
buyer: Trane Inc.
Trane is a world leader in air conditioning systems, services and solutions. Trane offers a broad range of energy-efficient heating, ventilation and air conditioning (HVAC) systems for residential and commercial customers. "
target: EcoFactor
EcoFactor is a leader in cloud-based home energy management solutions. EcoFactor offers an AI powered analytics platform that actively manages thermostats to improve comfort and save time and money. Their platform also monitors and predicts HVAC performance problems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/18/2018 via Company Press Release

Digital Energy Solutions GmbH & Co. KG, acquired ATHION GmbH

synopsis: Digital Energy Solutions, a German provider of integrated solutions for sustainable and cross-sector energy management, has acquired ATHION, a Germany company that supports companies in the digitalization and management of their energy systems. ATHION's energy management solutions provide automated energy data analyses and adaptive load forecasts.
buyer: Digital Energy Solutions GmbH & Co. KG
Digital Energy Solutions is a German provider of integrated solutions for sustainable and cross-sector energy management in electricity, heat and mobility. The company analyzes the energy systems of their customers and helps them to optimize their energy generation, demand and consumption. "
target: ATHION GmbH
ATHION is a Germany company that supports industrial, trade, commerce, and utility companies in the digitalization and management of their energy systems. Their SaaS energy management solutions provide automated energy data analyses, adaptive load forecasts and resource planning optimization.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/7/2016 via BNC Analysis

Stratean, Inc., acquired CleanSpark LLC

synopsis: Stratean, Inc., the developer of a patented and revolutionary “stratified” downdraft gasifier, announced the company has acquired CleanSpark, a leading provider of engineering, software and controls for innovative distributed energy resource management systems, in an all-equity transaction valued at approximately $36 million.
buyer: Stratean, Inc. (SRTN:$0.00)
Stratean, Inc. successfully designs, engineers, manufactures and patents a revolutionary 'stratified' downdraft gasifier. It has work alongside several partners to create a logical solution for profitability handling MSW, Coal, Plastics, Municipal Sewage and many other feedstocks. "
target: CleanSpark LLC (CLSK:$10.40)
CleanSpark offers advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. CleanSpark's software allows energy generated locally to be shared with other interconnected microgrids.
price ($mm)
$36
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/4/2015 via Company Press Release

SunGard Data Systems Inc., will acquire Energeya S.r.l.

synopsis: SunGard has announced that it has agreed to acquire the entire share capital of Energeya S.R.L., a provider of high-performance software solutions that support core processes across the energy management value chain for the European gas and power industry.
buyer: SunGard Data Systems Inc.
SunGard is one of the world’s leading software and technology services companies, with annual revenue of about $2.8 billion. SunGard provides software and processing solutions for financial services, education and the public sector. "
target: Energeya S.r.l.
Energeya solutions for energy companies and for high-volume energy consumers automate the whole energy management value chain focusing on forecasting, trading, supply and optimization management, planning, risk, portfolio management and settlement for power, gas, oil, CO2 and renewables commodities.
price ($mm)
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closed 10/29/2007 via BusinessWire

TeleSoft Partners, acquired Nexant Inc.

synopsis: TeleSoft Partners, a Silicon Valley venture capital firm, announced it has acquired a majority interest in Energy Software & Consulting I and II which, on a combined basis, is the largest preferred shareholder in Nexant, Inc., an energy sector software, engineering, and consulting firm.
buyer: TeleSoft Partners
TeleSoft is a venture capital firm focused on next generation high-tech start-ups and manages capital commitments of $625+ million. TeleSoft and its principals have funded and helped build some 60 portfolio companies, resulting in 32 acquisitions and IPOs. "
target: Nexant Inc.
Nexant develops and delivers intelligent grid software, clean energy solutions, and engineering and consulting services to the global energy and petrochemical industries. It is a pioneer in developing and advancing technology solutions for the electric power grid and alternative energy.
price ($mm)
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EBITDA ($mm)
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closed 5/15/2019 via Company Press Release

Innogy, acquired Greenergetic GmbH

synopsis: Innogy SE is intensifying its commitment to working in partnership with the online energy service provider Greenergetic GmbH, acquiring 100% of its shares. Greenergetic operates an integrated energy services platform that gives utilities the ability to offer their customers individually plannable products and services related to energy services.
buyer: Innogy (DB:IGY:$39,494.25)
innogy is a leading German energy company, with more than 42,000 employees and activities in 16 countries across Europe. With its three business segments Renewables, Grid & Infrastructure and Retail, innogy addresses the requirements of a modern, decarbonised, decentralised and digital energy world."
target: Greenergetic GmbH
Germany-based Greenergetic GmbH develops and distributes an integrated energy service platform (EDL Portal) with solutions for municipal utilities and energy supply companies as well as their commercial and private customers.
price ($mm)
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announced 10/21/2013 via PR Newswire

Global Water Technologies, Inc., will acquire GreenSuite

synopsis: Global Water Technologies, an innovative company that focuses on technologies that improve water efficiency, announces plans to expand its opportunities in the emerging smart water sector with the acquisition of GreenSuite, an innovative Software-as-a-Service (SaaS) platform to provide better data to utility customers on usage analytics.
buyer: Global Water Technologies, Inc. (GWTR:$0.10)
Global Water Technologies, Inc. is an innovative company that identifies, develops and commercializes new non-chemical, filtration and other technologies to improve water efficiency. "
target: GreenSuite
GreenSuite’s cloud-based Saas efficiency information portal gives utility companies an engaging tool to promote, educate and reward customer usage behavior. Incenting desirable usage behavior makes utility demand more predictable, which helps lower peak demand costs.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 12/9/2020 via BNC Analysis

inerG, acquired PetroBase

synopsis: inerG, Inc., an energy assets economics software company, has acquired PetroBase LLC, a complete oil and gas management software solution. PetroBase integrates economic, production and operational data in a single application for powerful analysis that empowers efficient solutions.
buyer: inerG
inerG is a petroleum economics and reserves software platform. inerG makes the process of evaluating, funding, monitoring and optimally managing energy asset portfolios simpler. Their cloud-based platform improves the efficiency of A&D evaluation, integration and oil & gas assets management. "
target: PetroBase
PetroBase is a complete oil and gas management software solution. PetroBase integrates economic, production and operational data in a single application for powerful analysis that empowers efficient solutions. They enable clients to streamline their operations and make more informed decisions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/9/2020 via BNC Analysis

inerG, acquired PetroBase

synopsis: inerG, Inc., an energy assets economics software company, has acquired PetroBase LLC, a complete oil and gas management software solution. PetroBase integrates economic, production and operational data in a single application for powerful analysis that empowers efficient solutions.
buyer: inerG
inerG is a petroleum economics and reserves software platform. inerG makes the process of evaluating, funding, monitoring and optimally managing energy asset portfolios simpler. Their cloud-based platform improves the efficiency of A&D evaluation, integration and oil & gas assets management. "
target: PetroBase
PetroBase is a complete oil and gas management software solution. PetroBase integrates economic, production and operational data in a single application for powerful analysis that empowers efficient solutions. They enable clients to streamline their operations and make more informed decisions.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 1/20/2021 via BNC Analysis

Atonix Digital, acquired Atonix Digital

synopsis: Atonix Digital's management team has acquired the company from Black & Veatch, a global engineering, procurement, consulting and construction company. Atonix Digital is a software company focused on operational intelligence. Their software helps power, water, and oil & gas companies to simplify asset performance management.
buyer: Atonix Digital
Atonix Digital is a software company focused on operational intelligence for resource intensive industries. Atonix Digital helps power, water, and oil & gas companies simplify asset performance management by putting data to work to optimize performance, improve efficiency, and detect emerging risks."
target parent: Black & Veatch Holding Company
target: Atonix Digital
Atonix Digital is a software company focused on operational intelligence for resource intensive industries. Atonix Digital helps power, water, and oil & gas companies simplify asset performance management by putting data to work to optimize performance, improve efficiency, and detect emerging risks.
price ($mm)
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announced 5/23/2018 via Company Press Release

P2 Energy Solutions, Inc., will acquire iLandMan

synopsis: P2 Energy Solutions (“P2”), the leader in upstream oil and gas software, announced it has signed a definitive agreement to acquire iLandMan (“iLandMan”), a leading cloud-based land and lease management software provider.
buyer parent: Advent International
buyer: P2 Energy Solutions, Inc.
P2 Energy Solutions empowers the people who power the world. P2 is the world's largest software and technology company dedicated to the upstream oil and gas industry, with solutions spanning the entire value chain from exploration to decommissioning. "
target: iLandMan
iLandMan is a SaaS-based, real-time tract- and formation-based software for exploration & production (E&P) companies that provides complete access to all company projects, along with maps and reports that both increase efficiency and eliminate wasteful duplication of effort.
price ($mm)
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announced 9/6/2022 via BNC Analysis

Reliance Industries Limited, will acquire SenseHawk

synopsis: Reliance Industries, the largest private sector corporation in India, will acquire a 79.4% stake in SenseHawk Inc., a developer of software-based management tools for the solar energy generation industry. SenseHawk's SaaS software provides solutions for terrain analysis, task management, jobsite management, asset management, and more.
buyer: Reliance Industries Limited (NSEI:RELIANCE:$87,650.06)
Based in India, Reliance Industries Limited is a Fortune 500 company that is an integrated player across energy, materials, retail, entertainment, and digital services. Reliance's products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums. "
target: SenseHawk
SenseHawk is a developer of software-based management tools for the solar energy generation industry. SenseHawk's SaaS software helps with process optimization, automation, and asset management. Their platform provides solutions for terrain analysis, task management, jobsite management, and more.
price ($mm)
$32*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/5/2020 via BusinessWire

Quorum Software, acquired Landdox

synopsis: Quorum Software, a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced that it has acquired Landdox, the leading innovator in cloud-first land technology.
buyer parent: Thoma Bravo, LLC
buyer: Quorum Software
Quorum Software offers a leading portfolio of finance, operations and accounting solutions that empower customers to streamline operations that drive growth and profitability. The myQuorum software platform delivers open standards, mobile-first design, and cloud technologies to drive innovation. "
target: Landdox
Landdox is a growth-stage SaaS company that reimagines the way energy and infrastructure companies manage their core assets. Their flagship product is a cloud-based application that is easily customizable, intuitively designed, and delights customers as much as it expands their operational range.
price ($mm)
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closed 9/4/2019 via PR Newswire

BayWa r.e., acquired PowerHub

synopsis: BayWa r.e., a global renewable energy developer, service provider and wholesaler, has acquired PowerHub, a Toronto-based renewable energy asset management platform. PowerHub helps asset managers centralize and streamline project and portfolio information so that they could work smarter.
buyer parent: BayWa AG
buyer: BayWa r.e.
BayWa r.e. is a global renewable energy developer, service provider and wholesaler. BayWa r.e. delivers renewable energy solutions worldwide, and have brought over 2.5 GW of energy online. Across solar and wind, BayWa r.e rethinks how energy is produced, stored and best used. "
target: PowerHub
PowerHub is a Toronto-based renewable energy asset management platform. PowerHub helps asset managers centralize and streamline project and portfolio information so that they could work smarter. PowerHub unlocks efficiencies, capabilities, and insights that save businesses money.
price ($mm)
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announced 4/10/2019 via Company Press Release

AVEVA Group plc, will purchase Software Assets from MaxGrip

synopsis: AVEVA, a global leader in engineering and industrial software, acquired the software assets of MaxGrip. MaxGrip’s software and extensive asset library enables customers to define and implement comprehensive revenue cycle management strategies based on asset criticality and risk.
buyer parent: Schneider Electric SE
buyer: AVEVA Group plc (LSE:AVV:$1,119.63)
Aveva is a leading global provider of engineering, design and information management software solutions. For almost 50 years, Aveva software has enabled the creation of the world’s most complex power and process plants, vessels and offshore facilities. "
seller: MaxGrip
MaxGrip’s software and extensive asset library enables customers to define and implement comprehensive revenue cycle management strategies based on asset criticality and risk.
price ($mm)
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closed 7/7/2016 via BNC Analysis

Caterpillar Oil & Gas, acquired M2M Data Corporation

synopsis: Caterpillar Oil & Gas, Caterpillar Inc.’s oil and gas division, has acquired M2M Data Corporation. M2M is a provider of SaaS remote asset and equipment management and advanced remote monitoring solutions. Their solutions take distributed asset monitoring and assessment to a new level of accuracy and timeliness.
buyer parent: Caterpillar, Inc.
buyer: Caterpillar Oil & Gas
Caterpillar Oil & Gas, with headquarters in Houston, Texas, consolidates all the sales and service activities for Caterpillar Inc.’s oil and gas power solutions. Their sales and service network supports customers in the drilling, production, well service and gas compression segments. "
target: M2M Data Corporation
M2M Data Corporation has been leveraging a Software as a Service (SaaS) approach to deliver remote asset and equipment management and advanced remote monitoring solutions since 1999. M2M’s solutions take distributed asset monitoring and assessment to a new level of accuracy and timeliness.
price ($mm)
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announced 12/20/2012 via Market Wire

CalAmp Corp., will acquire Wireless Matrix Corporation

synopsis: CalAmp Corp. agreed to acquire the operations of Wireless Matrix Corporation. Wireless Matrix is a leading provider of fleet tracking applications and satellite communications services to the utility, oil and gas, rail and municipal verticals as well as to service fleets of large enterprise customers in North America.
buyer: CalAmp Corp. (CAMP:$241.26)
CalAmp develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. The Company's two business segments are Wireless DataCom, which serves enterprise, utility and government customers. "
target: Wireless Matrix Corporation (WSMXF:$33.33)
Wireless Matrix Corporation provides fleet solutions to improve delivery metrics. The company's software and wireless data solutions provide intelligence for managing, measuring and monitoring service execution.
price ($mm)[EV]
$53 [$48]
rev ($mm)
$33
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 6/11/2012 via PR Newswire

PeopleNet Communications Corporation, acquired GEOTrac Systems Inc.

synopsis: Trimble announced that it has acquired privately-held GEOTrac Systems Inc. of Calgary, a leading provider of wireless fleet management and worker safety solutions for the oil and gas industry. The addition of GEOTrac is expected to extend PeopleNet's industry-leading transportation solutions to address the North American oil and gas industry.
buyer parent: Trimble Navigation Limited
buyer: PeopleNet Communications Corporation
PeopleNet, a Trimble Company, is focused on providing innovative Internet-based and integrated onboard computing and mobile communications systems to improve North America's trucking industry's fleet management. "
target: GEOTrac Systems Inc.
GEOTrac Systems Inc. is a privately-held company providing fleet management and worker safety solutions for the oil and gas industry. Focused on this vertical, GEOTrac is able to provide custom solutions relevant to the needs of field operations.
price ($mm)
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announced 12/1/2021 via BusinessWire

Blackstone Group LP, will acquire irth Solutions

synopsis: Blackstone announced that Blackstone Energy Partners will acquire Irth Solutions, a leading provider of cloud-based software-as-a-service (“SaaS”) solutions that automate processes for damage prevention and asset protection across critical network infrastructure assets.
buyer: Blackstone Group LP (BX:$16,433.94)
Blackstone is one of the world's leading investment firms. Their asset management businesses, with over $731 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds. "
target parent: Gauge Capital
target: irth Solutions
Irth Solutions is the leading provider of cloud-based asset protection solutions to improve resilience of critical asset infrastructure, including their flagship 811 ticket management solution.
price ($mm)
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closed 3/25/2015 via Company Press Release

Pandell, purchased Land Management Software Set from Divestco Inc.

synopsis: Pandell, a pioneer of Software-as-a-Service (SaaS) industry solutions, announced that it has purchased the land management software set; LandRite, iLand, and MapQ, from Calgary-based geoscience solutions provider, Divestco. The transaction also includes the associated resource team, and a large customer base of more than 120 energy companies.
buyer: Pandell
Pandell is a software solutions company that delivers industry specialized software products and business services. For oil and gas companies, Pandell offers a suite of back-office software products and outsourced production and financial accounting services. "
seller: Divestco Inc. (TSXV:DVT:$22.05)
Divestco's Land Management Software Set includes: LandRite (Land and Asset Management), iLand (Surface Land Acquisitions Management), and MapQ (Surface Land Mapping). Divestco is a Calgary-based geoscience solutions provider.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/17/2013 via GlobeNewswire

Vaisala OYJ, acquired 3TIER

synopsis: Vaisala strengthens its position in the renewable energy market through the acquisition of 3TIER Inc. 3TIER provides project feasibility, asset management and forecasting services to companies operating in the renewable energy market globally. Vaisala's strategic intent has been to build a stronger position in the renewable energy sector.
buyer: Vaisala OYJ (HLSE:VAIAS:$470.21)
Vaisala Corporation develops and manufactures electronic measuring systems and instruments. The company has three business areas: Meteorology, Weather Critical Operations, and Controlled Environment. "
target: 3TIER
3TIER provides project feasibility, asset management and forecasting services to companies operating in the renewable energy market globally. While the majority of 3TIER's business comes from the wind energy market, the company also serves customers in the solar and hydro energy markets.
price ($mm)
$15
rev ($mm)
$9
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
closed 1/9/2013 via Company Press Release

Crane Group, acquired irth Solutions

synopsis: Crane Group has purchased a controlling interest in irth Solutions. irth Solutions provides leading asset management solutions to gas, oil, electric, telecommunications and other utility companies, across the country to increase operational efficiency, improve workforce productivity, comply with regulatory requirements and ensure safety.
buyer: Crane Group
Crane Group is a private holding and management company based in Columbus, Ohio. Our holdings comprise a network of local, regional, and global companies in both manufacturing and the building trades. "
target parent: Cerca Group LLC
target: irth Solutions
irth Solutions provides the leading business intelligence solutions to gas, oil, electric, telecommunications and other utility companies across the country to increase operational efficiency, improve workforce productivity, comply with regulatory requirements and ensure public safety.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2011 via BusinessWire

Cerca Group LLC, Main Street Capital Partners, LLC, acquired IRTH Solutions, Inc

synopsis: Cerca Group LLC announced the acquisition of IRTH Solutions, Inc., the leading provider of software and services to the damage prevention industry in the United States. Cerca Group led the investment group which included IRTH’s management team and Main Street Capital Corporation.
buyer: Main Street Capital Partners, LLC ( MAIN:$421.45)
buyer: Cerca Group LLC
Cerca Group is a sector-focused, stage-independent private investment firm based in New York City, seeking attractive investment opportunities primarily in the business services and software and communications sectors. "
target: IRTH Solutions, Inc
IRTH Solutions is the leading provider of software and services to the damage prevention industry. IRTH’s customers include the country’s largest pipeline operators, utilities, telecom carriers, municipalities, and call-before-you-dig One Call Centers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/22/2021 via GlobeNewswire

Generac Holdings Inc., will acquire Tank Utility

synopsis: Generac Holdings Inc., a leading global designer and manufacturer of energy technology solutions, will acquire Tank Utility, Inc., a provider of IoT propane tank monitoring solutions. Tank Utility provides cloud-based software and analytics that help fuel companies to streamline logistics, reduce delivery costs, and improve customer retention.
buyer: Generac Holdings Inc. (NYSE:GNRC:$3,189.85)
Generac is a leading global designer and manufacturer of a wide range of energy technology solutions and other power products. As an industry leader serving residential, light commercial, and industrial markets, Generac's products and solutions are available globally. "
target: Tank Utility
Tank Utility is a provider of IoT propane tank monitoring solutions. Tank Utility provides cloud-based software and analytics that help fuel companies to streamline logistics, reduce delivery costs, and improve customer retention. They also offer a tank monitoring app for homeowners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2018 via Company Press Release

SUEZ ENVIRONNEMENT, acquired Optimatics

synopsis: SUEZ, a world leader in smart and sustainable resource management, has acquired Optimatics, the world-leading provider of infrastructure planning software that enables water and wastewater utilities to reduce costs while ensuring optimal performance.
buyer: SUEZ ENVIRONNEMENT (ENXTPA:SEV:$20,401.90)
SUEZ is a world leader in smart and sustainable resource management. SUEZ provides water and waste management solutions that enable cities and industries to optimize their resource management and strengthen their environmental and economic performances, in line with regulatory standards. "
target: Optimatics
Optimatics is the world-leading provider of infrastructure planning software that enables water and wastewater utilities to reduce costs while ensuring optimal performance. Their Optimizer software is a powerful tool for analyzing hundreds of planning options across multiple asset types.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/11/2022 via BNC Analysis

Wolfepak Software, acquired Land Information Services

synopsis: WolfePak Software, a leading provider of business automation technology for independent oil and gas upstream and midstream companies, announced that it has acquired the LandVantage and LIS Outsourcing businesses from Land Information Services, the leading provider of cloud-based land management software and outsourced services.
buyer parent: Charlesbank Capital Partners LLC
buyer: Wolfepak Software
WolfePak Software is a leading provider of financial, accounting and regulatory compliance software to the oil and gas industry. WolfePak's software packages can be customized with additional modules to meet more complex accounting and reporting needs as their client's business grows. "
target: Land Information Services
Based out of Oklahoma City, OK, Land Information Services (LIS) is a leading enterprise land software and energy back-office outsourcing provider.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/13/2022 via BNC Analysis

Ebene group, acquired Senoee

synopsis: The Ebene group, the Luxembourg-based holding company of the Dalmaz family, has acquired a 95% stake in Senoee, a BI platform for risk managers in France. Senoee provides data for managing industrial risks. Their platform enables users to map industrial heritage, identify climate risks, and obtain estimates of the sites to be insured.
buyer: Ebene group
The Ebene group is the Luxembourg-based holding company of the Dalmaz family. Ebene operates in four areas of activity in France and internationally, including IT consulting, IT publishing, expertise in industrial and real estate assets, and hotels. "
target: Senoee
Senoee is a business intelligence platform for risk managers in France. Senoee provides data for managing and anticipating industrial risks. Their platform enables users to map industrial heritage, identify climate risks, and obtain an estimate of the value of the sites to be insured.
price ($mm)
$2.04*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/3/2019 via PR Newswire

Trimble, will acquire CityWorks

synopsis: Trimble announced it has signed a definitive agreement to acquire privately-held Cityworks (Azteca Systems LLC), a leading provider of enterprise asset management (EAM) software for utilities and local government.
buyer: Trimble (TRMB:$3,659.10)
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. "
target: CityWorks
Cityworks streamlines the way government agencies and utilities manage infrastructure and property by combining the power and flexibility of Geographic Information System (GIS) mapping technology with the business logic of asset management, permitting, licensing and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/13/2019 via PR Newswire

Fiix Inc., acquired Alchemy IoT

synopsis: Fiix Inc, the leading provider of cloud-based maintenance and asset management software, announced it has acquired Alchemy IoT, an industrial asset intelligence company. Alchemy IoT Inc. develops Internet of Things (IoT) asset intelligence software for industrial applications.
buyer: Fiix Inc.
Fiix creates modern maintenance software that’s easy to use, flexible, and affordable. Its cloud-based CMMS (computerized maintenance management system) is disrupting the market by revolutionizing how thousands of companies worldwide schedule, organize, and track maintenance. "
target: Alchemy IoT
Alchemy IoT Inc. develops Internet of Things (IoT) asset intelligence software for industrial applications. It develops Clarity, a cloud-based web and mobile application for improving fleet management, plant maintenance, and manufacturing performance for industrial assets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Matching Companies
Ticker: XTRA:PSAN
 
 
 
 
 
 
 
 
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PSI AG
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year
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mCloud Corporation
mCloud Corporation
Canada-based mCloud's AI-powered AssetCare platform offers complete asset management solutions to three distinct segments: smart facilities, power generation, and process industries, including oil and gas.
year
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Connexion Media Limited
Connexion Media is an ASX listed Internet of Things (IoT) technology company revolutionising smart car technology for the automotive industry. Connexion has developed two flagship Software as a Service (SaaS) products that deliver cutting edge technology: CXZ Telematics and miRoamer.
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