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New Deal


Announced

Completed

Serent Capital completed the acquisition of a minority stake in First Due.

Financials

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

Tags

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Private Equity

Domestic

Minority

Private

Friendly

Single Bidder

cloud-based records

Completed

Acquisition

United States

Software

Synopsis

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Serent Capital, a lower-middle market private equity, completed the acquisition of a minority stake in First Due, a fire department management solution. Financial terms were not disclosed. "The need for further innovation and better technology at state & local governments provides a unique opportunity for innovative companies like First Due to drive meaningful impact in our communities. Based on our work in the fire and EMS market and Govtech more broadly, it became clear that Andreas, Rami, and the First Due Team have created a best-in-class solution for this market. We are excited to partner alongside them and help First Due scale," Stewart Lynn, Serent Capital Partner.

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