Ventoux CCM Acquisition Corp Completes Business Combination with Presto Automation

NewAlpha Acquires Majority Stake in Presto Engineering

December 12, 2018

Industrial Services

NewAlpha Asset Management has acquired a majority stake in Presto Engineering through its Growth Equity fund, investing alongside founder Michel Villemain and with minority participation from Adaxtra Capital and Bpifrance Investissement. The transaction (from sellers Seventure Partners and CM-CIC Capital Privé) will support Presto's international growth, expand its recurring services for the ASIC production value chain, and accelerate deployment into automotive, IoT and other industrial markets.

Thompson Street Capital Partners Portfolio Company PestCo Holdings Acquires Presto Pest Control

November 9, 2021

Environmental Services

Thompson Street Capital Partners’ portfolio company PestCo Holdings, LLC acquired the assets of Presto Pest Control, Inc., a Telford, Pennsylvania-based commercial pest control provider focused on the restaurant industry. The deal is PestCo’s first add-on as it pursues a consolidation strategy in the fragmented pest control market; terms were not disclosed.

ACE Convergence Acquisition Corp. to Merge with Tempo Automation (Tempo Automation Holdings, Inc.)

March 17, 2022

IT Services

ACE Convergence Acquisition Corp. (ACE) entered into an agreement and plan of merger with Tempo Automation to complete a business combination, after which the combined entity is expected to be renamed Tempo Automation Holdings, Inc. ACE and Tempo expect the transaction to close subject to conditions in the merger agreement and shareholder approvals. Separately, Cantor Fitzgerald’s affiliate committed to purchase up to $100 million of post-merger Tempo common stock from time to time to provide Tempo additional opportunistic capital.

CORA Group Acquires Volanté Systems

October 24, 2024

Cloud & SaaS

CORA Group has acquired Volanté Systems, a cloud-based POS and management software provider for the food service industry. Volanté will operate as a standalone brand with CEO Sunil Selby remaining in place as the company joins CORA's portfolio to expand its food-service SaaS capabilities.

Clubessential Acquires PrestoSports Inc.

September 27, 2017

Software

Clubessential acquired PrestoSports Inc., a provider of SaaS athletic content and event management software, expanding Clubessential's customer base by ~65% and launching a new Sports Division. The deal is an add-on to Clubessential (backed by Battery Ventures) that broadens its membership and club management offering with collegiate athletics website, stats, camp management and live event broadcasting capabilities.

PrePass Safety Alliance Acquires CVO Holding Company from Astatine Investment Partners

July 6, 2022

Transportation

PrePass Safety Alliance has acquired CVO Holding Company, LLC from funds managed by Astatine Investment Partners. The deal brings CVO's weigh-station bypass, electronic toll payment and safety-analytics capabilities into PrePass to strengthen service delivery for commercial carriers and government transportation partners across North America.