Industry | Private equity fund |
---|---|
Founded | 2013[1] |
Headquarters | , |
Key people |
|
Website |
www |
Bridge Growth Partners (est. in 2013) is an American
private equity fund that invests in technology and financial services companies.
[4] Bridge Growth's portfolio holdings include BackOffice Associates,
Accedian, Finalsite,
Salient CRGT, and
Solace Corporation.
In November 2014, Bridge Growth acquired CRGT, a systems integrator based in Reston, Virginia, a deal reportedly valued at $255M. [5] In August 2015, CRGT was merged with Salient to form Salient CRGT. [6]
In April 2016, Bridge Growth Partners acquired Solace Systems, a developer of middleware software and messaging appliances, in a leveraged buyout. [7] [8] The company would subsequently be renamed Solace Corporation. In September 2016, the firm invested in Finalsite, a provider of online learning and communications products, based in Glastonbury, Connecticut. [9]
In March 2017, it announced a majority equity investment in Accedian, based in Montreal, Canada, which develops service assurance and performance monitoring solutions for communications service providers. [10] In August 2017, Bridge Growth Partners announced the purchase of Goldman Sach's stake in BackOffice Associates, a data services firm. After the deal Bridge Growth became the majority stakeholder with Goldman Sachs, SAP, and management team members holding the remaining equity. [11] [12]
Industry | Private equity fund |
---|---|
Founded | 2013[1] |
Headquarters | , |
Key people |
|
Website |
www |
Bridge Growth Partners (est. in 2013) is an American
private equity fund that invests in technology and financial services companies.
[4] Bridge Growth's portfolio holdings include BackOffice Associates,
Accedian, Finalsite,
Salient CRGT, and
Solace Corporation.
In November 2014, Bridge Growth acquired CRGT, a systems integrator based in Reston, Virginia, a deal reportedly valued at $255M. [5] In August 2015, CRGT was merged with Salient to form Salient CRGT. [6]
In April 2016, Bridge Growth Partners acquired Solace Systems, a developer of middleware software and messaging appliances, in a leveraged buyout. [7] [8] The company would subsequently be renamed Solace Corporation. In September 2016, the firm invested in Finalsite, a provider of online learning and communications products, based in Glastonbury, Connecticut. [9]
In March 2017, it announced a majority equity investment in Accedian, based in Montreal, Canada, which develops service assurance and performance monitoring solutions for communications service providers. [10] In August 2017, Bridge Growth Partners announced the purchase of Goldman Sach's stake in BackOffice Associates, a data services firm. After the deal Bridge Growth became the majority stakeholder with Goldman Sachs, SAP, and management team members holding the remaining equity. [11] [12]