Workiva Inc. Acquires Denmark-based ParsePort

Modera Wealth Management Acquires Parsec Financial

May 1, 2023

Wealth Management

Modera Wealth Management has acquired the Parsec Financial team, bringing Parsec's Asheville-based advisory practice into Modera and creating a combined firm with over $10.5 billion AUM and more than 180 employees across 14 East Coast offices. The transaction was completed with backing from Modera's existing minority equity partner, TRIA Capital Partners; Parsec leadership will take senior roles within Modera.

Universal Logistics Holdings Acquires Parsec Rail Terminal Operator

September 30, 2024

Logistics & Distribution

Universal Logistics Holdings, Inc. acquired Parsec (including Parsec Intermodal of Canada ULC and OB Leasing, LLC) for $193.6 million. Parsec is a Cincinnati-based provider of rail terminal management, drayage and intermodal services with ~2,100 employees and $230.2 million of trailing-twelve-month revenue; the business will operate within Universal's contract logistics segment to expand its rail terminal capabilities and is expected to be immediately accretive.

Paragon Group Acquires Parseq Limited

February 13, 2026

Professional Services

Paragon Group has acquired Parseq Limited, a UK-based specialist in document, finance, and payment process automation, to strengthen its business process services capabilities. The deal (which includes 354 employees globally) is intended to expand Paragon's UK footprint, accelerate innovation by integrating Parseq's robotic process automation and machine learning capabilities, and secure intellectual property for financial services clients.

Portside Acquires LeaseWorks

August 15, 2024

Software

Portside, a cloud-based aviation software provider backed by Vista Equity and Insight Venture Partners, has acquired LeaseWorks, a provider of cloud-based lease and asset management software (Aeris suite) for aircraft lessors and airlines. The deal erweitert Portside's product suite into aircraft leasing, enabling expanded lifecycle management capabilities and scale for both organic and inorganic growth.

Paragon Group Acquires Parseq from Parabellum Investments

June 10, 2020

Professional Services

Paragon Group has acquired Parseq, a UK-based business process outsourcing (BPO) provider, from Dubai-based investor Parabellum Investments. The deal expands Paragon's UK BPO and payment-processing capabilities and adds scale across Parseq's processing centres in Rotherham, Glasgow and international sites.

Workiva Inc. Acquires AuditNet

December 14, 2021

Professional Services

Workiva Inc. has acquired AuditNet, a global provider of audit content, tools and a digital community used by more than 160,000 audit practitioners. The acquisition (terms not disclosed) will integrate AuditNet’s content into the Workiva platform and Workiva Marketplace to strengthen the company’s GRC and audit offerings.