These 22 companies buy technology services businesses

What They Look For

• Long-term client contracts
• Recurring revenue from services
• Skilled technical teams
• High utilization rates

Service Categories

• IT consulting & integration
• Custom software development
• Cloud & managed services
• Cybersecurity & data services
• Tech-enabled/automated services
* Services businesses valued on EBITDA multiples vs revenue multiples

saas.group

Founded by serial entrepreneurs, acquires bootstrapped SaaS companies with a founder-friendly approach to elevate products and organizations. Built by founders and product enthusiasts.

Seattle, USA
Founded 2017
Industries B2B Software, Tech Services
Target ~$1M - $10M ARR
Response time 24 hours
Deal structure All cash, Flexible

Thoma Bravo

Leading software-focused private equity firm with $181B+ AUM and 40+ year history, exclusively investing in software and technology companies with focus on categorical leadership.

Chicago, USA
Founded 1980
Industries B2B Software, Tech Services
Deal structure All cash

Think3

$1B fund designed to enable SaaS founders to take more shots on goal by acquiring lower middle-market SaaS companies and helping founders transition to new ventures.

Austin, USA
Founded 2017
Industries B2B Software, Tech Services
Target ~$3M+ ARR
Close time 4 weeks
Deal structure All cash

CVC Groups

Computer Ventures in Canada (CVC) Groups acquires, develops, and boosts IT, Telco, VARs, MSPs, and MSSPs. Self-funded with over $1 billion in transactions and 150+ years of combined board experience.

Toronto, Canada
Industries B2B Software, Tech Services
Close time 90 days
Deal structure All cash, Flexible

Volition Capital

Boston-based growth equity firm partnering with founders to accelerate business growth and scale innovative, high-potential companies. Focuses on founder-owned, capital-efficient businesses.

Boston, Massachusetts
Founded 2010
Industries B2B Software, Tech Services
Target ~$5M - $50M ARR

TELEO Capital

Lower middle-market private equity firm targeting enterprise software, healthcare IT, and tech-enabled services with focus on empowering management teams to execute business plans.

Los Angeles, USA
Founded 2015
Industries B2B Software, Tech Services
Deal structure Flexible

Arcadea Group

Long-duration investor in typically founder-led vertical software (VSaaS) companies with permanent capital focus. Specializes in high-quality, rapid-growth VSaaS businesses with ultra-long-range potential.

Toronto, Canada
Founded 2020
Industries B2B Software, Tech Services
Target ~$1M - $20M ARR

WestView Capital

Boston-based private equity firm focused on growth-oriented companies. Partners with exceptional entrepreneurs in minority and majority recapitalizations, growth capital and buyout transactions.

Boston, USA
Founded 2004
Industries B2B Software, Tech Services
Deal structure Stock + cash, Flexible

Next Coast Ventures

Austin-based venture capital firm providing early-stage capital to high-growth startups in 'Next Coast' markets between traditional coasts, with thematic research-driven investment approach.

Austin, USA
Founded 2016
Industries B2B Software, Tech Services
Deal structure Flexible

Vista Equity Partners

Leading software-focused private equity firm with $100B+ AUM and 600+ transactions, specializing in enterprise software, data, and technology companies with founder-friendly approach.

Austin, USA
Founded 2000
Industries B2B Software, Tech Services
Deal structure Flexible

Strattam Capital

Private equity firm that invests in founder-led, independent B2B software and technology companies across North America using their Five-Point Plan process.

Austin, USA
Founded 2013
Industries B2B Software, Tech Services
Deal structure Stock + cash

Monument MicroCap Partners

Independent private investment firm focused on acquiring companies in the MicroCap Market, targeting businesses with EBITDA of $2-8 million in the United States and Canada. Seeks to partner with management teams to grow and harvest profitable businesses.

Indianapolis, USA
Founded 2018
Industries Tech Services
Deal structure Stock + cash

Performant Capital

Chicago-based lower middle-market private equity firm focused on technology-driven companies with recurring revenue, specializing in software, tech-enabled services, and data intelligence.

Chicago, USA
Founded 2019
Industries B2B Software, Tech Services
Deal structure Flexible

Horizon Capital

UK private equity firm specializing in buy-and-build strategies for technology services, software, data analytics, and business services companies with up to £100M enterprise value.

London, UK
Founded 2018
Industries B2B Software, Tech Services
Deal structure Flexible

Susquehanna Growth Equity

Growth equity investor backed by entrepreneurs (Susquehanna International Group), providing the most flexible capital for software and information services companies with no fixed time horizons.

Philadelphia, USA
Founded 2006
Industries B2B Software, Tech Services
Target ~$5M - $100M ARR
Deal structure Stock + cash, Flexible

Silversmith Capital Partners

Growth equity firm focused on supporting entrepreneurs in growing, profitable technology and healthcare companies. Partners with bootstrapped entrepreneurs as their first institutional investor.

Boston, USA
Founded 2015
Industries B2B Software, Tech Services
Deal structure Stock + cash

FPE Capital

UK private equity firm specializing in B2B software, data, and software services companies with £5M-£50M revenue, focusing exclusively on UK and Irish headquartered businesses.

London, UK
Founded 2010
Industries B2B Software, Tech Services
Deal structure Flexible

Saltwater

Holding company founded by former Uber CEO Ryan Graves, focused on acquiring and operating small, profitable technology businesses through a partner equity model with long-term ownership.

Honolulu, USA
Founded 2017
Industries B2B Software, Tech Services
Deal structure Flexible

EQT

Global investment organization with active software and technology acquisition strategy, focusing on vertical SaaS platforms, sustainability software, and enterprise solutions across multiple industries.

Stockholm, Sweden
Founded 1994
Industries B2B Software, Tech Services
Deal structure Flexible

Gemspring Capital

Lower middle-market private equity firm providing flexible capital solutions across multiple sectors, with dedicated software investment team and $2.1B in aggregate commitments.

Westport, USA
Founded 2015
Industries B2B Software, Tech Services
Deal structure Flexible

Resurgent Capital Partners

Lower middle-market private equity firm specializing in distressed, divestitured, and performing companies across SaaS, business services, healthcare, and e-commerce sectors.

Westlake Village, USA
Founded 2017
Industries B2B Software, Tech Services
Deal structure Flexible

PennSpring Capital

People-forward private equity firm focused on lower middle-market companies in business services, SaaS, education, and manufacturing with entrepreneur-first approach.

Lancaster, USA
Founded 2018
Industries B2B Software, Tech Services
Deal structure Flexible

Related Categories