Raptor Technologies
The Deal
- Bought By
- Jim Vesterman
- Year
- 2012
- Vehicle
- Liberty Place Capital, his own search fund, backed by Search Fund Partners and M2O
- Kind
- Software
A Houston school-safety software company, bought through a classic funded search.
What Happened Next
The 2018 JMI investment returned a reported 13.5x to search investors; the company later traded onward at a reported $1.8B valuation.
They recapitalized 6 years in, in 2018, without handing over the company.
Bought at exit by JMI Equity, whose page carries that firm's own announcement of it.
Backed by the Same Firms
- CoFi · Queris Au and Ashwin Kumar · 2026
- Park Dietz & Associates · Jineet Gandhi · 2026
- Message Digital · Garrison Jones · 2026
- O&W Heat Treat · Ali Platon and Chris Goyen · 2025
- The rest of what Pacific Lake Partners has backed
- RouteGenie · Cameron Craig · 2025
- Strategic Kids · Graham Brockington and Andy Morrow · 2025
- Upper Hand · Brad Wills and Brad Greene · 2025
- Desert Services · Tim Haitaian · 2024
- The rest of what Search Fund Partners has backed
M2O
- Aproove · Curt Black · 2025
- Stage2Data · Leo Yao and Matt Fiedelholtz · 2025
- Reliable Premium Management · Henrique de Freitas · 2024
- Nirvana Risk Partners · Kabir Chanrai · 2023
- The rest of the record
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.
- The acquirer's announcement jmi.com
- Pacific Lake Partners' own account pacificlake.com
- The searchers' own account mgmt.wharton.upenn.edu
- Search Fund Partners' own account searchfunds.net
- M2O's own account m2oinc.com