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New Deal


Announced

Chekhub to acquire Horizonline Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Single Bidder

software development

mission-critical facility operations

Pending

Private

United States

Software

Majority

Domestic

Synopsis

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Chekhub, an app-based operations management company, agreed to acquire Horizonline Technologies, a Florida-based firm specializing in mission-critical facility operations. Financial terms were not disclosed. "The addition of Horizonline will be a vital component of the Chekhub platform that will allow our customers to incorporate powerful CMMS functionality into our operations management platform. We see a benefit in combining the companies to increase our speed to market within mission-critical facilities to help solve operational challenges. Darryl has done a tremendous job building Horizonline into a successful company and we look forward to him joining the Chekhub executive team and learning from his experience," Jon Trout, Chekhub Founder and CEO.

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