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Performant Capital Acquires Bolt On, Combines It With Myshopmanager And Unotifi To Create Leading Software Platform To The Automobile Repair Industry

Oct 25, 2021•almost 4 years ago

Acquiring Company

Performant Capital

Acquired Company

Bolt-On

Chicago

Description

Performant Capital announced today that it has acquired a leading SaaS provider of automotive service workflow software tools, Bolt On Technology (“Bolt On”). Performant will integrate Bolt On with existing portfolio companies MyShopManager and Unotifi. The resulting SaaS platform is uniquely suited to increase revenue and profitability for auto repair services with its cloud-based solutions. The businesses will continue to market under their respective brands, and Bolt On founder and CEO Michael Risich will serve as CEO for the combined businesses.

Company Information

Company

Performant Capital

Location

Chicago, Illinois, United States

About

Performant Capital is a Chicago-based, lower middle market private equity firm focused on investments in technology-driven companies. Performant acquires businesses across SaaS, technology-enabled services, and data intelligence products and services. With over 50 years of collective investing and operating experience in these sectors, Performant’s principals seek opportunities where its depth of investing, operating expertise, and partner network can materially impact performance. More information about Performant Capital can be found at www.performantcapital.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed