Chicago Growth Partners has acquired Marathon Data Systems, a provider of turnkey SaaS software solutions. Financial terms of the transaction were not disclosed. The sale provides an exit for Concentric Equity Partners.
ArchPoint Partners acted as sole financial advisor to Marathon Data Systems, a leading provider of turnkey SaaS software solutions used by field service businesses, such as pest control, lawn care, landscaping and HVAC service providers, to manage a wide variety of critical business processes, in its sale to equity investor Chicago Growth Partners. Financial terms of the transaction were not disclosed. This acquisition by Chicago Growth Partners positions Marathon Data Systems to maintain its leadership position in MWM/FSM/route optimization solutions across all the industry verticals it serves while accelerating its already strong organic and inorganic growth.
This transaction follows ArchPoint’s recent sale of Odyssey Software to Symantec and maintains its position as a leader in the SaaS and MWM/FSM software sectors.
Marathon Data Systems provides configurable, fully featured SaaS software solutions for field service businesses of all sizes. Its operating platform integrates tailored enterprise resource planning, mobile workforce management, route optimization and customer relationship management with a suite of website and lead generating services designed to solve key pain points for field service companies. The company had been in the portfolio of Concentric Equity Partners prior to the acquisition.
“We are excited to begin a new chapter in the long successful history of Marathon Data Systems. Our ability to leverage Concentric’s resources, relationships and expertise helped us transition from a small entrepreneurial software company into an industry leader and we are looking forward to working with Chicago Growth Partners to capitalize on our strong market position, drive future growth and take our business to the next level,” said Chris Sullens, CEO of Marathon Data.
Sullens further said, “Rob Louv and his team at ArchPoint Partners were completely engaged in the process, playing a critical role in the management and negotiation of our transaction from day one through closure. A fantastic outcome was achieved through ArchPoint leveraging their significant sector knowledge and market relationships, transaction experience and process management skill. We really felt like they were part of our team.”
About ArchPoint Partners ArchPoint Partners is consistently credited with market-leading outcomes in the technology and media sectors. ArchPoint leverages its combined experience in operations, strategy and investment banking to provide astute strategic advice for mergers, acquisitions, divestitures, spin-offs, private capital raising and restructuring. In addition, the firm provides both long-term and short-term board advisory services. ArchPoint is based in San Francisco, California and serves clients worldwide.