Acquisitions in New South Wales, Australia

Banyan Software, Inc. acquired Harrier-National (Sales) Pty. Limited ("Harrier"), a Sydney-based provider of warranty, roadside assistance, and customer-retention software for automotive dealerships. Harrier’s flagship cloud platform, Ignition, supports dealership warranty and roadside-assistance programs, CRM automation, and real-time analytics, and Banyan will support its continued growth across Australia, New Zealand, and beyond.

Invincible Software Holdings (ISH) announced the acquisition of ProSpend, a Sydney-headquartered spend management software company. The deal launches ISH’s new fintech investment track and is intended to support ProSpend’s growth across Australia and New Zealand while expanding into the United Kingdom and Ireland, with added go-to-market support and capital from ISH.

Accel-KKR made a majority equity investment in Phocas Software, a middle-market business intelligence (BI) and financial planning & analysis (FP&A) software platform. The investment will support Phocas’ global expansion and increased spending on product development, customer success, and partner services, including integrated AI features. Financial terms were not disclosed.

Aryza, a global provider of credit and debt lifecycle SaaS solutions, completed the acquisition of Bravure, a technology-enabled debt sale and recovery solutions company. Bravure, headquartered in Sydney, Australia, is known for its Bridge software platform that helps creditors analyze debt portfolios, automate collection strategy decisions, and maximize debt sale value, strengthening Aryza’s capabilities and presence in the Australian market.

Arthur J. Gallagher & Co. acquired Australia-based MACK Insurance Services, an agricultural-focused commercial insurance broker; financial terms were not disclosed. MACK’s team, led by Lizzie Carver, will join Gallagher’s brokerage operations in Australia from offices in Wagga Wagga and Narrandera, New South Wales.

Infosys agreed to acquire The Missing Link, a Sydney-based cybersecurity and IT services provider, in a deal valued at approximately AUD 120 million. The acquisition is intended to expand Infosys’ cybersecurity solutions capabilities and strengthen its presence in Australia.

United Risk completed the acquisition of Pinnacle Underwriting Pty Ltd. and its affiliate Pinnacle Holdings Group Pty Ltd., a specialty facultative reinsurance MGA headquartered in Sydney, Australia. The deal expands United Risk’s operations across the Asia-Pacific and Middle East/North Africa regions and strengthens its capabilities in facultative reinsurance across key lines including property, power generation & utilities, onshore oil & gas, and political violence & terrorism.

Legrand announced the acquisition of Computer Room Solutions (CRS), an Australian provider of white space infrastructure solutions for datacenters. CRS, headquartered in Mascot (Sydney), designs, manufactures, and commissions products such as structural ceilings, airflow containment solutions, and mechanical walls, and employs nearly 80 people with approximately €30 million in annual revenue. The deal supports Legrand’s bolt-on acquisition strategy and strengthens its datacenter offering and presence in Oceania.

PSG Equity made a US$280 million growth investment in Protecht Group, an Australian governance, risk, and compliance (GRC) software provider. The capital is intended to support Protecht’s global expansion and further development of AI-driven risk management solutions.

Orbus Software announced it has acquired Capsifi, a business architecture solutions provider. The combination will integrate Capsifi’s business architecture capabilities into OrbusInfinity to create an end-to-end, cloud-native strategic enterprise transformation platform and advance a Digital Twin of the Organization (DTO) offering.

Arthur J. Gallagher & Co. announced the acquisition of Hann Insurance Brokers Pty Ltd, an insurance brokerage based in Lambton, New South Wales, Australia; financial terms were not disclosed. Hann Insurance Brokers provides commercial property/casualty insurance services across Australia with a focus on transport, and its team will join Gallagher’s Newcastle, New South Wales office.

Bureau Veritas completed the acquisition of The APP Group, an Australian property and infrastructure services firm headquartered in Sydney. The deal strengthens Bureau Veritas’ Buildings & Infrastructure capabilities in Australia and supports expansion across the wider Asia-Pacific region, adding project management assistance, construction management, and independent project verification and certification expertise.

Fieldpiece Instruments acquired its Australian master distributor, Fieldpiece Australia, establishing a direct corporate presence in Australia. The purchase supports Fieldpiece’s expansion strategy across the Asia-Pacific region and follows the retirement-driven sale by owners Steve and Vicki Hartelust, who will assist with the transition and integration.

Woolpert has acquired Greenbox Architecture, a Sydney, Australia-based full-service architecture and interior design firm specializing in data center design and other commercial, health care, and residential work. The acquisition expands Woolpert’s architecture services and presence across the Asia-Pacific region and strengthens its global mission-critical/data center design capabilities.

SingleStore announced the acquisition of BryteFlow, an Australia-based data integration platform, to accelerate adoption of real-time analytics and generative AI use cases. BryteFlow’s change data capture and real-time ingestion capabilities will be integrated into SingleStore’s core product as “SingleConnect,” expanding connectivity to enterprise and SaaS data sources.

A consortium of investors led and managed by Blackstone, together with Canada Pension Plan Investment Board (CPP Investments), has entered into a definitive agreement to acquire AirTrunk, an Asia Pacific hyperscale data center platform, at an implied enterprise value of over A$24 billion. The stake being sold comprises Macquarie Asset Management and PSP Investments’ combined 88% interest, with AirTrunk founder and CEO Robin Khuda also realizing part of his stake while remaining CEO; the deal is subject to regulatory approval including Australia’s FIRB.

Motorola Solutions has acquired Noggin, a global provider of cloud-based business continuity planning, operational resilience, and critical event management (CEM) software. Noggin is headquartered in Sydney, Australia, and the deal expands Motorola Solutions’ emergency coordination and enterprise safety/security software portfolio. Financial terms were not disclosed.

Betashares entered into a binding agreement for Temasek to invest up to A$300 million, with Temasek taking a minority shareholding in the Australian financial services company. Following completion, Temasek will join Betashares staff members and existing investor TA Associates as shareholders, supporting Betashares’ continued expansion in Australia and internationally.

Quadrant Private Equity has agreed terms to invest growth equity in Birch & Waite, a Sydney-based commercial food business. The investment is being made from Quadrant’s seventh buyout fund and values Birch & Waite at just over $300 million.

Volaris Group Inc. has acquired Delacon, a provider of call tracking, call management, and speech analytics solutions used to measure and optimize advertising campaign performance. Delacon will join Volaris’ portfolio of marketing management technology businesses and continue to operate independently under the leadership of founder and CEO Michael Center.

PEXA acquired a 100% stake in Sydney-based environmental analytics and data startup Land Insight. The deal expands PEXA’s digital property settlements offering by adding climate and environmental risk data (e.g., natural hazards, pollution, ground hazards) for property owners and B2B/B2G customers.

Advent International reached an agreement to acquire a majority shareholding in luxury fashion brand ZIMMERMANN. The stake will be acquired from Style Capital, while Style Capital and the Zimmermann family will retain significant minority ownership as the company pursues continued global expansion.

Raisely, a nonprofit online fundraising platform, will join Aplos, the foundation of ASG's nonprofit software vertical. The transaction is intended to accelerate Raisely’s growth—particularly in the U.S.—while Raisely’s founders and team continue in their roles.

Atturra, a Sydney-based technology services provider, agreed to acquire Sydney IT solutions provider Somerville Group for $15 million in cash plus 1,647,059 Atturra shares, with an additional earn-out of up to $2.6 million based on FY23–FY24 performance goals. Somerville provides enterprise managed services across cloud, connectivity, modern workplace, security, and hardware/software lifecycle management, with a strong footprint in Australia’s education sector. The deal is expected to complete by 31 March 2023, subject to conditions precedent.

Snowplow acquired Sydney-based Poplin Data, its exclusive integration and enablement partner in Australia and New Zealand. The deal brings Poplin Data’s data consulting and Snowplow ecosystem tool development capabilities in-house and establishes Snowplow’s APAC Operating Hub in Sydney. Financial terms were not disclosed.

Novotech, an Asia-Pacific biotech-focused contract research organization (CRO), acquired EastHORN Clinical Services, a European full-service CRO. The deal supports Novotech’s global expansion and enhances its ability to provide early-to-late phase clinical, medical, and regulatory services across Europe, the United States, and Asia-Pacific.

International Data Corporation (IDC) acquired ETBS, an IT benchmarking and assessment firm with price, service, and cost data covering more than 45 countries. The deal expands IDC’s IT sourcing and benchmarking dataset and methodologies, strengthening its IT metrics product portfolio and integrating ETBS’s market pricing model with IDC’s existing sourcing and pricing tools.

TPG Capital Asia completed a majority investment in iNova Pharmaceuticals, an Asia-Pacific consumer healthcare and branded prescription medicines company, alongside co-investors. Existing investor Pacific Equity Partners (PEP) re-invested from its new fund and will remain a minority stakeholder as iNova pursues regional expansion and continued M&A.

Zoetis Inc. has completed its acquisition of Jurox, a privately held Australian animal health company that develops, manufactures, and markets veterinary medicines for livestock and companion animals. The deal expands Zoetis’ animal health portfolio—adding products such as Alfaxan—and provides additional R&D and manufacturing capacity in Australia; financial terms were not disclosed.

Humanforce announced the closing of a significant new growth investment from Accel-KKR. The funding will support Humanforce’s expansion of its cloud-based workforce management suite, potential acquisitions, and continued global growth serving deskless and shift-based workforces.

Cision has completed the acquisition of Streem, a realtime media monitoring and intelligence platform focused on the Australia and New Zealand market. The transaction involves the sale of 100% of Streem’s shares to Cision, with Streem continuing as an independent brand and retaining its management team. The deal is an add-on acquisition for Cision, which is owned by private equity firm Platinum Equity.

Ontario Teachers' Pension Plan Board (Ontario Teachers') made a new investment in GreenCollar, joining KKR’s Global Impact Fund as a significant shareholder. The investment is intended to support GreenCollar’s continued global expansion across carbon, water quality, biodiversity and plastics environmental markets; financial terms were not disclosed.

Ultra Commerce announced it has acquired Slatwall Commerce to integrate the two eCommerce platforms into a single, more comprehensive enterprise commerce offering. The combined business will deliver expanded features (including product and order management and headless commerce capabilities) to support B2B, B2C, and D2C customers as they scale.

Alteryx, Inc. (NYSE: AYX) has acquired Hyper Anna, a Sydney, Australia-based cloud platform that generates AI-driven automated insights from data. The deal expands Alteryx’s analytics automation capabilities toward an end-to-end pipeline from data sources through to automated, contextual insights, aiming to make advanced analytics more accessible to non-technical users.

Incubeta, a global digital marketing group, has acquired Sydney-based analytics and consulting firm Panalysis. The deal expands Incubeta’s analytics and Google Marketing Platform capabilities in Australia and strengthens its ability to deliver data-driven digital marketing solutions globally.

Spell Capital Partners acquired Duromer Products Pty (Australia) and DuroColour Vietnam Ltd (Vietnam) in a tandem transaction to expand its global footprint in thermoplastic compounding and masterbatch manufacturing. Duromer produces customized thermoplastic polymers and compounds, while DuroColour manufactures color and additive masterbatches serving markets including automotive, textiles, and construction.

Jensen Hughes, a global safety, security, and risk-based engineering and consulting firm, acquired Australia-based code consulting and fire safety engineering company BCA Logic. The deal marks Jensen Hughes’ first entry into the Australian market and expands its geographic reach, with BCA Logic continuing operations during integration as a co-branded entity.

Ultra Commerce has acquired Vesta eCommerce, a global SaaS software business providing product data management solutions for merchants with large or complex product catalogs. The combination integrates Ultra Commerce’s enterprise eCommerce platform with Vesta’s product data management capabilities to improve product data accuracy, remove growth barriers, and automate data processing for customers. Separately, Ultra Commerce also completed a capital raise alongside the acquisition to fund accelerated growth and product development.

Avetta, a supply chain risk management software provider, agreed to acquire Pegasus, an Australia-based worker competency management software and services company. Following the deal, Pegasus will serve as Avetta’s base of operations in Australia, and Pegasus CEO Adam Boyle and existing investor Accel-KKR will roll equity into Avetta. The transaction is expected to close subject to regulatory approvals.

Livingbridge has agreed to sell its stake in TSA Management, a client-side project management and advisory services provider across Australia and New Zealand, to Quadrant Private Equity. TSA Management, founded in 2001 and headquartered in Sydney, will enter a new partnership with Quadrant following Livingbridge’s investment from its Livingbridge 6 fund.

BetaShares, an Australian exchange-traded fund (ETF) manager, received a significant strategic investment from TA Associates to support expansion of its business activities. As part of the transaction, TA Associates acquired the shares in BetaShares previously held by Mirae Asset Financial Group and other minority investors; financial terms were not disclosed.

Clearlake Capital-backed Janus International Group, through its wholly owned subsidiary Steel Storage Australia, acquired G&M Stor-More Pty Ltd. The deal strengthens Steel Storage Australia’s presence in the New South Wales market and expands Janus’s self-storage design and construction solutions offering across Australia and the broader Australasian region.

SugarCRM Inc. acquired Loaded Technologies, a Sydney-based business consulting, CRM strategy, and cloud implementation services provider. The deal expands SugarCRM’s customer experience (CX) implementation services capacity in Australia and the broader Asia-Pacific region, supporting deployments of its AI-powered sales, marketing, and service platform.

Pegasus, a workforce competency management platform, acquired Newcastle-based software start-up Compliance Fox to expand its workforce competency network to better support SMEs and subcontractors. The deal marks Pegasus’ first acquisition following a significant growth investment from Accel-KKR earlier in 2020, and Compliance Fox’s software will be integrated into the Pegasus platform.

A consortium led by Macquarie Asia Infrastructure Fund 2 (MAIF2), a fund managed by Macquarie Infrastructure and Real Assets (MIRA), reached financial close on the acquisition of an 88% stake in AirTrunk. The transaction values AirTrunk at more than A$3 billion and is intended to accelerate the hyperscale data centre platform’s expansion across Asia-Pacific. The stake was acquired from Goldman Sachs, Sixth Street Partners, and founder/CEO Robin Khuda, who will retain a material ownership position and remain CEO.

The Riverside Company has invested in Independent Living Specialists (ILS), a Sydney-based retailer and distributor of mobility and homecare products. The investment is intended to support ILS’s continued growth and accelerate national expansion across Australia, both organically and through future bolt-on acquisitions.

SCF Partners, in partnership with Perth-based Viburnum Funds and existing management, acquired Contract Resources. Contract Resources is a Sydney-headquartered provider of specialized industrial and mechanical services for Oil & Gas and other industrial end markets across Australia, New Zealand, and the Middle East. CEO Adam Machon will remain CEO and retain an ownership stake.

Volaris Group Inc. announced that it has acquired Holocentric, a Sydney-based provider of model-based solutions focused on risk, compliance, and business management systems. Holocentric will continue operating under its existing brand and leadership team while benefiting from Volaris’ support and investment.

ALM acquired Australia's General Counsel Summit from Connect Media. The Sydney-based General Counsel Summit is an education and networking conference for in-house general counsel, expanding ALM’s portfolio of legal events and services into Australia as part of its global growth strategy.