ASG (Alpine Investors) Acquires Aplos

Aplos (ASG) Acquires Raisely

May 1, 2023

Cloud & SaaS

Raisely, a nonprofit fundraising SaaS platform, will join Aplos — the foundation of ASG’s nonprofit software vertical (backed by Alpine Investors). Raisely’s founders and team will remain in their roles as the combined organization aims to accelerate growth and expand fundraising capabilities for nonprofits, with a focus on scaling in the U.S.

ASG (Alpine Investors Portfolio) Acquires Sierra Interactive

October 13, 2022

Cloud & SaaS

ASG, a portfolio company backed by Alpine Investors, has acquired Sierra Interactive, a Louisville-based provider of lead generation and CRM software for real estate teams. The transaction positions ASG to expand its footprint in vertical real estate SaaS and accelerate Sierra's product and team growth.

ASG (Alpine Investors) Acquires ProfitSword

November 17, 2020

Cloud & SaaS

ASG, a portfolio company of Alpine Investors, has acquired ProfitSword, a hotel property operations and business-intelligence SaaS provider headquartered in Orlando, Florida. The deal is an add-on to ASG’s hospitality technology vertical and will see ProfitSword’s founders transition out while select leadership remain and ASG/Alpine add operational and go-to-market resources.

Alpine Software Group (ASG) Acquires ThinkLP

January 13, 2023

Cloud & SaaS

Alpine Software Group (ASG), a portfolio company of Alpine Investors, has acquired ThinkLP, a Waterloo, Ontario–headquartered provider of retail loss prevention and safety case management SaaS. The deal brings ThinkLP into ASG's vertical SaaS platform (ASG's 50th software acquisition); founder Doug Treleaven will transition out of day-to-day operations and Spencer Marzouk will become CEO.

Coincheck Group N.V. Acquires Aplo SAS

October 14, 2025

Payments & Fintech

Coincheck Group N.V. has completed the acquisition of Aplo SAS, a Paris-based institutional crypto prime brokerage, in an all-stock transaction. Aplo — which serves more than 60 institutional clients — will continue to be led by its four founders and will be integrated to accelerate product development, expand liquidity and financing solutions, and broaden Coincheck's institutional offerings across jurisdictions.

ASG (Alpine Investors) Acquires PackageRoute

September 8, 2021

Cloud & SaaS

ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, has acquired PackageRoute, a last-mile delivery app that provides visibility and route/stop management for independent service providers and drivers. The acquisition is an add-on to ASG's Logistics Technology vertical and will be used to expand ASG's last-mile capabilities and accelerate product growth.