Onfolio Holdings Inc. Acquires Majority Interest in Eastern Standard

Onfolio Holdings Acquires Majority Interest in SEO Marketing Inc. (DDS Rank)

June 7, 2024

Marketing & Advertising

Onfolio Holdings Inc. has entered into an agreement to acquire a 66% majority interest in the assets of SEO Marketing Inc., which does business as DDS Rank, with Onfolio's special purpose vehicle (Onfolio Agency SPV LLC) taking the remaining minority stake. DDS Rank, a dental-focused digital marketing and SEO provider based in Hampden, Maine, generated roughly $310,000 in 2023 revenue (approximately 91% recurring) and was acquired for $600,000; Onfolio expects to materially grow revenue and EBITDA through marketing and operational improvements.

Onfolio Holdings Acquires RevenueZen Business

January 4, 2024

Marketing & Advertising

Onfolio Holdings Inc. (through its Delaware subsidiary RevenueZen LLC) acquired substantially all assets of RevenueZen LLC for a total purchase price of $1,105,000, paid in cash, preferred shares and a secured promissory note. RevenueZen is a B2B marketing agency (SEO, content and LinkedIn marketing) based in Portland, Oregon; Onfolio said the acquisition brings an experienced team onboard and positions the business for organic growth and further acquisitions.

Onex Acquires Majority Stake in OneDigital from New Mountain Capital

October 8, 2020

Insurance

Onex Corporation (the Onex Group) agreed to acquire a majority ownership stake in OneDigital from New Mountain Capital, with the transaction valuing OneDigital at $2.65 billion and including an approximate $960 million equity investment by Onex. OneDigital, a leading U.S. employee benefits brokerage and retirement/wealth advisory firm headquartered in Atlanta with more than 2,000 employees, will have Onex and employees owning roughly 83% upon closing; New Mountain will sell down its position. The deal is expected to close in late 2020 pending customary approvals, including HSR clearance.

Dunes Point Capital Acquires Majority Interest in Eastern Communications

January 7, 2025

Telecommunications

Dunes Point Capital, LP acquired a majority interest in Eastern Communications, Ltd., a national distributor and technical service provider of mission‑critical communication devices and network infrastructure for public safety agencies. The investment is led by Dunes Point Capital Fund III with co-investors including funds managed by Partners Capital and debt financing from Audax Private Debt, TPG Twin Brook and Manulife; Eastern is headquartered in Queens, New York and employs approximately 200 people.

Summa Equity and Goldman Sachs Acquire Stakes in EcoOnline

February 18, 2020

Cloud & SaaS

Summa Equity Fund II and Goldman Sachs Merchant Banking Division have each agreed to acquire a 33% ownership stake in EcoOnline from selling shareholders including Summa Equity Fund I and Viking Venture, securing new capital to support the company's international expansion. The transaction, which keeps Summa Equity as a controlling shareholder, will fund organic and acquisition-based growth of EcoOnline's HSEQ SaaS platform and is subject to antitrust approval.

Flex Technology Group Acquires Standard Office Systems of Atlanta

May 18, 2022

IT Services

Flex Technology Group (FTG), with backing from multi-family office Oval Partners, has acquired Standard Office Systems of Atlanta (SOS). SOS will become a platform company to anchor FTG's expansion into the Southeast; Bryan Ammons and the existing SOS leadership will remain as equity holders and continue to run the business.