Capstreet’s Acquisition of PlanetBids Wins Houston-Based Private Equity Deal of the Year from ACG Houston
May 02 2024 - 11:00AM
Capstreet, a Houston-based lower middle market private equity firm,
announced today that it was awarded Houston-Based Private Equity
Deal of the Year by The Association for Corporate Growth (ACG)
Houston. The award recognized Capstreet for its acquisition of
PlanetBids, a provider of eProcurement software as a service (SaaS)
solutions.
Capstreet acquired PlanetBids in June 2023 from founders Arpie
and Alan Zavian. PlanetBids enables public and private
organizations to improve visibility, save time, and reduce costs by
electronically managing their procurement processes through a fast
and frictionless modern interface.
“It is an honor to be recognized once again by the ACG, which
has its pulse on Houston’s middle market deal community,” said
Adrian Guerra, Partner at Capstreet. “Arpie and Alan played an
essential role in making this a noteworthy deal. They were great
partners, collaborative in getting it closed, and were in alignment
with us on our vision for the company. We are optimistic that we
can help PlanetBids take advantage of the increased demand for
eProcurement, particularly as more government agencies look to
invest in software platforms to improve efficiency.”
ACG Houston's 7th Annual Deal of the Year event, which took
place on April 24th at the Houston Country Club, celebrates
Houston's booming middle-market deal community. It honors the deals
and dealmakers who drive middle-market growth and their success in
generating job growth, capital formation, and the advancement of
meaningful business relationships in the Houston community.
About ACG HoustonACG Houston is the
region’s premier association focused on middle market corporate
growth. Our goal is to help business professionals in the M&A
community do more business with the right partners. ACG Houston
hosts a variety of events throughout the year to provide our local
business leaders an opportunity to gain visibility and connect with
people and ideas to strategically grow companies. To learn more or
become a member visit www.acg.org/houston.
About Capstreet Founded in 1990, Capstreet
invests in lower middle market software, tech-enabled services, and
industrial business services companies. With more than 50 platform
investments and more than 200 add-on acquisitions since inception,
Capstreet’s investment strategy is focused on utilizing its
Capvalue Framework® to help accelerate growth and profitability,
and create long-term sustainable businesses. The majority of
Capstreet’s investments have been with founder- or
entrepreneur-owned businesses. For more information, visit the
Capstreet website, https://capstreet.com.
Capstreet is not aware of the number of entrants surveyed for
the award. Capstreet pays a fee for membership in the ACG Houston
organization but did not pay a fee to receive this award. This
award is not to be construed as indicative of Capstreet’s future
performance. Reference to an award is only one piece of information
relevant to an evaluation of an investment adviser such as
Capstreet. Finally, this award represents information as of a
specific date and time and may not reflect important information
related to an evaluation of the investment adviser which has
occurred prior to, or subsequent to the award. ACG Houston is not
affiliated with Capstreet.
Contact:
LambertJoanne Lessner, 212-222-7436,
jlessner@lambert.comJennifer Hurson, 845-507-0571,
jhurson@lambert.com