Silver Spike Acquisition Corp. Completes Business Combination with WM Holding Company (Weedmaps)

WM Technology Acquires Cannabis CRM Platform Sprout (and Related Assets)

September 14, 2021

Cloud & SaaS

WM Technology, Inc. (Nasdaq: MAPS) purchased Sprout — a cloud-based CRM and marketing platform for the cannabis industry — acquiring the assets of MembersRSVP, LLC and Text Ripple, Inc. (collectively “Sprout”) and also acquiring equity interests in Transport Logistics Holding Company, LLC (d/b/a Merry Go Jane / Cannveya and Canncurrent). The deal expands WM Technology’s WM Business product capabilities by adding CRM, omni-channel marketing, loyalty, compliance and analytics functionality for cannabis retailers.

Hg Makes Strategic Investment in ProcessMAP

January 5, 2022

Cloud & SaaS

Hg, a leading software-focused private equity investor, has made a significant growth investment in ProcessMAP to accelerate the company's product development and global expansion in the EHS (environmental, health and safety) software market. ProcessMAP's management will retain a significant stake and the capital and sector expertise from Hg will be used to broaden the company's global footprint and advance its analytics-driven SaaS offering.

MWG Holdings Group, Inc. Acquires Oz Distribution

December 22, 2021

Logistics & Distribution

MWG Holdings Group, Inc. acquired Oz Distribution to add a wholesale cannabis distribution business serving more than 400 California dispensaries. The acquisition vertically integrates Oz's branded products (Royal Tree, Royal Dab, Royal Bud) into MWG's supply chain to expand product reach for MWG's Perfect Union retail locations across California.

SPS Commerce Acquires MAPADOC

August 27, 2019

Software

SPS Commerce, a Minneapolis-based retail cloud services provider, acquired the MAPADOC business (an operating unit of SWK Technologies/SilverSun Technologies) for $11.5 million in cash. The purchase adds MAPADOC’s EDI system automation capabilities and deeper ERP integrations for the Sage and Acumatica markets to SPS Commerce’s retail trading network and cloud platform.

Wacona Capital Acquires Mid-Atlantic Power Specialists

October 7, 2024

Electrical Services

Wacona Capital has acquired Mid-Atlantic Power Specialists, Inc. (MAPS), a specialty electrical services provider focused on data center customers in the greater Washington, D.C. / Northern Virginia market. Brightwood Capital partnered with Wacona to provide financing and will have a board representative to support MAPS' next phase of growth; Quantive Advisors served as exclusive financial advisor to MAPS.

Potomac Equity's Watermark Solutions Merges with Synergy Resources to Form WM Synergy

August 21, 2023

IT Services

Potomac Equity Partners provided additional capital to its portfolio company Watermark Solutions to merge with Synergy Resources, creating WM Synergy — an expanded ERP, technology and cloud hosting provider serving manufacturers and distributors. The combined business will offer Infor, Acumatica and Hexagon ERP implementations, managed hosting and related consulting services across North America; financial terms were not disclosed.