WorkWave acquired by Chicago Growth Partners
Deal Synopsis
WorkWave was acquired by Chicago Growth Partners, Pondera Holdings and ParkerGale Capital through a $67.7 million LBO on August 30, 2012.
Seller Details
WorkWave is a provider of cloud-based field service and fleet management solutions intended to help organizations with a mobile workforce transform their business. The company offers a range of services including marketing automation, lead generation, GPS tracking and monitoring, lead acquisition, intelligent route planning, and disaster recovery for field service and last-mile transportation companies.
Buyer Details
Chicago Growth Partners was a private equity firm based in Chicago, Illinois. The firm invested in the education, healthcare, information services, financial technology, SaaS, environmental technology, specialty pharmaceuticals, and medical technology sectors and was founded in 2004.