PE-backed Confie Seguros buys three insurance brokerages

By Iris Dorbian — 9 months ago

Confie Seguros, a portfolio company of ABRY Partners, has agreed to acquire three insurance brokerage firms: New York City-based R&R&R Brokerage Inc; Rochester, New York-based Eastern General Insurance Services Inc; and San Antonio, Texas-based Colyer Insurance Agency Inc. No financial terms were disclosed.

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ABRY Partners to acquire FastMed Urgent Care

By Iris Dorbian — 9 months ago

ABRY Partners has agreed to buy FastMed Urgent Care, a provider of urgent care services in North Carolina and Arizona. No financial terms were disclosed for the transaction that’s expected to be completed in the second quarter of this year. Houlihan Lokey served as financial advisor. FastMed’s backers include Mosaic Health Solutions.

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ABRY buys Compusearch Software

By Luisa Beltran — 9 months ago

Arlington Capital Partners and JMI Equity have sold their stakes in Compusearch Software Systems Inc. to ABRY Partners. Financial terms weren’t announced. SunTrust provided senior financing. Dulles, Virginia-based Compusearch provides acquisition and program management software to Federal agencies, DoD program offices, and government contractors.

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Lightower Fiber Networks and Fibertech Networks to merge for $1.9 bln

By Iris Dorbian — 10 months ago

Lightower Fiber Networks and Fibertech Networks have agreed to merge. The value of the transaction is $1.9 billion. The deal is expected to be completed in the third quarter of this year. Headquartered in Boxborough, Massachusetts, Lightower Fiber Networks is an all-fiber provider of custom network services. And, Fibertech, which is located in Rochester, New York, is a provider of fiber-optic based network services. Lightower Fiber Networks’s backers include Berkshire Partners, Pamlico Capital and ABRY Partners while Fibertech Networks’ backers include Court Square Capital Partners.

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PE-backed ProQuest acquires SIPX

By Iris Dorbian — 10 months ago

ProQuest, which is backed by ABRY Partners and Goldman Sachs, has bought SIPX. No financial terms were disclosed. Based in Palo Alto, California, SIPX is a provider of digital course materials that addresses copyright and costs concerns for universities. SIPX’s backers included Mohr Davidow Ventures, XSeed Capital, Stanford University and Ulu Ventures.

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Confie Seguros adds three insurance brokerages

By Luisa Beltran — 11 months ago

Confie Seguros has acquired three East Coast insurance brokerages: Your Insurance Spot Inc. based in Kissimmee, Florida; Wise Insurance Agency Inc. of Columbia, South Carolina; and, Bronkie Agency Inc. of Williamsville, New York. Financial terms weren’t announced. Confie Seguros is a portfolio company of ABRY Partners.

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ABRY to exit e-shelter

By Luisa Beltran — 12 months ago

NTT will buy nearly 87 percent of e-shelter from ABRY Partners and Investa Holdings GmbH. Financial terms weren’t announced. Investa will retain a significant holding. Frankfurt, Germany-based e-shelter designs and runs data centers in that country.

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TierPoint completes Xand acquisition from ABRY Partners

By Iris Dorbian — 1 year ago

TierPoint has closed its previously announced buy of Xand from ABRY Partners. No financial terms were disclosed. DH Capital was financial advisor to ABRY and Xand while RBC Capital Markets and Credit Suisse will provide debt financing for the transaction. Headquartered in St. Louis, Missouri, Xand provides colocation, cloud, disaster recovery and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts.

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ABRY buys majority stake in KORE

By Iris Dorbian — 1 year ago

ABRY has acquired a majority stake in KORE, a provider of managed M2M communication services. Also, KORE has acquired Raco, a provider of wireless data solutions to M2M sector. No financial were disclosed for either transaction.

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