Nineth Street Capital Partners to Acquire SwiftMotion Inc

Novanta Inc. Acquires Motion Solutions

November 14, 2023

Manufacturing

Novanta Inc. has agreed to acquire Motion Solutions for $189 million in cash, a provider of high-precision, customized motion subsystems and components for medical, life sciences, and advanced industrial OEMs. The acquisition (completed) expands Novanta's capabilities and presence in precision medicine, lab automation, medical robotics and related end markets; Motion Solutions is headquartered in Irvine, California and has over 110 employees and expected 2023 revenue of ~$85 million.

Blackline Safety Acquires Swift Labs

March 31, 2022

Engineering Services

Blackline Safety Corp. acquired Ontario-based IoT design and engineering consultancy Swift Labs Inc. for total consideration of $5 million (cash and shares), with the transaction closing on March 31, 2022. The acquisition expands Blackline's product development capacity and brings Swift Labs' IoT, wireless and embedded systems expertise into Blackline's connected worker portfolio.

Absolute Software Acquires NetMotion from The Carlyle Group

July 1, 2021

Cybersecurity

Absolute Software Corporation completed its acquisition of NetMotion Software, Inc. from The Carlyle Group for approximately $340 million in cash, funded with about $65 million of cash on hand and a $275 million secured term loan from Benefit Street Partners. The deal integrates NetMotion's ZTNA and mobile VPN capabilities into Absolute's Endpoint Resilience platform to expand network access and zero-trust capabilities for remote and hybrid workforces.

Motion Solutions (Frontenac) Acquires nPoint

January 21, 2020

Manufacturing

Motion Solutions, majority-owned by private equity firm Frontenac, has acquired nPoint, a Middleton, Wisconsin-based provider of high-precision nanopositioning systems. The deal expands Motion Solutions' precision positioning and nanopositioning product portfolio for OEM customers in life sciences, medical equipment and technology markets; terms were not disclosed.

Novanta to Acquire Schneider Electric Motion USA for $115 Million

July 12, 2021

Industrial Services

Novanta Inc. agreed to acquire Schneider Electric Motion USA (SEM/IMS/Intelligent Motion Systems) for $115 million in cash. The deal is expected to close in the third quarter of 2021, subject to customary closing conditions and regulatory approvals.

Stage Fund Acquires GetSwift

July 18, 2023

Logistics & Distribution

Stage Fund (also referenced as Stage Equity Partners) acquired GetSwift, a provider of last‑mile delivery management software and related eCommerce and scheduling products. The deal transfers GetSwift’s SaaS assets into Stage’s portfolio to expand its capabilities in technology and logistics and support growth across North America, Europe and Asia.