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Verisae Has Been Acquired by Accruent

Friday, September 23, 2016


William Blair acted as the exclusive financial advisor to Verisae, Inc., a portfolio company of Marlin Equity Partners, in connection with its sale to Accruent, LLC, a portfolio company of Genstar Capital. The transaction was announced and completed on September 19, 2016, and exemplifies William Blair’s continued market leadership in enterprise software M&A.

Transaction Highlights

  • Deep relationships and unparalleled domain expertise: Verisae and Marlin were attracted to William Blair’s extensive knowledge and industry experience within the enterprise software sector, as well as strong relationships with—and unique insight into—likely strategic and financial acquirers.
  • Process and execution excellence: William Blair constructed and managed an extremely competitive and highly efficient custom process with a group of potential strategic and financial acquirers.  Successfully positioning Verisae as a mission-critical asset, William Blair produced a strong competitive dynamic and ultimately facilitated an exceptional outcome for Verisae’s shareholders.
  • Instrumental guidance and counsel:  William Blair’s transaction team was integrally involved throughout each step of the transaction process, including close collaboration with Verisae in developing marketing materials, coordinating due diligence with multiple parties, and negotiating key contract terms.

About the Companies

Verisae is the leading provider of cloud-based solutions that connect real estate facilities and assets to the maintenance and service network through the Industrial Internet of Things for global enterprises across numerous industries. The company’s platform serves as the mission-critical hub of interoperability for all equipment, maintenance and real estate operations, mobile workforce management systems, and third-party service providers, streamlining processes and significantly improving operations. Verisae enables its customers to reduce costs, improve customer satisfaction, and increase profits by integrating business information and processes. Its platform drives powerful, predictive insights and automates workflow.

Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing tailored solutions that meet its business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships, and extensive network of operational resources significantly strengthen a company's outlook and enhance value.

Accruent is a global provider of enterprise software for real estate and facilities management across a number of industry vertical end-markets, including telecom, retail, corporate, education, healthcare, and public sector. The company offers a full suite of functionality covering a facility’s lifecycle, including capital planning, project management, lease administration, space management, and facility management. Accruent’s customers use the company’s software to assist in managing decision-making across their multiple facilities and/or real estate properties.

Genstar Capital is a San Francisco-based private equity firm that invests in leading middle-market companies across multiple industries. Genstar partners with leading industry executives to accelerate growth and profitability at its portfolio companies. Through its in-depth partnerships with management, Genstar provides value-added resources to help each portfolio company achieve its strategic goals.

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