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FieldEdge

The Deal

Bought By
Steve Lau and Rameez Ansari
Year
2015
Vehicle
Highland Creek Partners, backed by Hunter Trust, Search Fund Partners, Pacific Lake Partners, ETA Equity and The Cambria Group
Kind
Software

Field-service management software for home contractors, bought as dESCO out of a Fort Myers business founded in 1980.

What Happened Next

Sold to Advent International in March 2018 and merged with Clearent; the searchers' own firm reports eight times its money and an 85% internal rate of return.

The searchers held it 3 years, from 2015 to 2018.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Trilogy Search Partners

Hunter Search Capital

Search Fund Partners

Pacific Lake Partners

ETA Equity

The Cambria Group

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The pairing rests on the row's other sources: a person named beside the company elsewhere. The index host's card, lists the company against its own 2015 investment and its own 2018 exit and names nobody. The index host's company page, names one chief executive and the other co-chief executive, and marks the company exited beside its own 2014 investment. Its roster files the search as partner with a launch year of 2014. Nothing on it says who bought the company.