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Announced

Completed

PSG completed the investment in Kenect.

Financials

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

Tags

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texting

Digital Services

Friendly

Domestic

Acquisition

Minority

Single Bidder

United States

Completed

Private

Private Equity

Synopsis

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Providence Strategic Growth completed the investment in Kenect, a provider of business texting and communications technology. Financial terms were not disclosed. “We believe the Kenect team has developed a strong, highly scalable software platform and is well-positioned to address the extensive market opportunity as adoption of text communication with customers in the small and medium sized business community continues to grow,” Rick Essex, PSG Managing Director.

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