Fortive to Acquire ServiceChannel for Approximately $1.2 Billion

July 12, 2021

Fortive entered into a definitive agreement with Bayard Capital and Accel Partners to acquire ServiceChannel, a global provider of SaaS-based multi-site facilities maintenance service solutions with an integrated service-provider network. The $1.2 billion transaction is expected to close in the third quarter of 2021, subject to customary closing conditions and regulatory approvals.

Buyers
Fortive Corporation
Targets
ServiceChannel
Sellers
Bayard Capital, Accel Partners
Industry
Cloud & SaaS
Location
Washington, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.