Posted on 05/26/2016
Earlier this month Accruent announced its acquisition by San Francisco-based venture capital firm Genstar Capital. Let's take some time to get know Accruent's new partner!
Genstar manages total capital commitments of more than $5 billion. It focuses on leveraged buyouts of U.S. middle-market companies, generally thought of as companies with annual revenue of $50 million to $1 billion. It also owns Austin-based All Web Leads. For over 20 years, Genstar has pursued an investment strategy of developing in-depth industry knowledge, creating collaborative relationships with management teams and partnering with leading industry executives and advisors. Genstar Capital has become the partner of choice for companies and executives and a highly regarded middle-market private equity firm in North America.
Genstar's protfolio is extremely varied. Genstar seeks to invest in the life sciences and financial services, healthcare services, industrial technology, and business services and software sectors. Within the life sciences sector, investments are sought in research products, diagnostics (both consumables and services), pharmaceutical outsourcing services, medicinal chemistry and lead development, preclinical services, clinical development services, animal health and medical products. Within the industrial technology sector, it seeks to invest in equipment and component manufacturers, factory automation, packaging and building materials. Additionally, within the software services sector, the firm seeks to invest in financial services (banking, brokerage, and insurance), healthcare, pharmaceutical and life sciences, vertical data with analytic and business information solutions, and call center and telecommunications solutions. It invests mainly in the United States and Canada. The firm typically invests between $50 million and $400 million of equity per transaction but can also finance larger transactions through co-investments. It typically seeks to invest in companies with revenues ranging from $50 million to $1 billion, but also considers investing in smaller companies with EBITDA of more than $15 million.
Genstar Capital, LLC was founded in 1988 and is based in San Francisco, California. You can learn more on their website.