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New Deal


Announced

Completed

NewSpring to invest in Pillar Technology.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Private

United States

it services

Acquisition

Natural

Completed

Private Equity

Single Bidder

Synopsis

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NewSpring, a family of private equity funds invested in Pillar Technology through the NewSpring Mezzanine, the Firm’s dedicated mezzanine fund. Financial terms were not disclosed. “The expertise and experience offered by NewSpring provide us with the resources necessary to help establish another Forge, our version of a think tank, ultimately expanding our geographic reach. This geographic expansion will allow us to deliver more innovative technologies with improved quality to all of our clients across the nation.” Bob Myers, Pillar Technology CEO.

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