Francisco Partners Agrees to Acquire Blackline Safety for up to $850 Million
April 8, 2026
Francisco Partners agreed to acquire Blackline Safety Corp. in a cash-and-contingent-value-right deal valuing the equity at about USD 804 million and up to USD 850 million including contingent payments. Under the definitive arrangement agreement, Blackline shareholders will receive $9.00 per share in cash at closing plus a CVR worth up to $0.50 tied to Blackline achieving annualized recurring revenue (ARR) targets by October 31, 2027.
- Buyers
- Francisco Partners Management, L.P., Apollo Purchaser, Inc.
- Targets
- Blackline Safety Corp.
- Sellers
- Blackline Safety shareholders (as selling holders in the arrangement), DAK Capital Inc., Lowy Family Group, Cody Slater, Brad Gilewich
- Industry
- IT Services
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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