Also Announces Key Executive Hires, New Utah Headquarters, and Strategic Acquisition of CanIRank -- Today, Scorpion, a leading provider of technology and services helping local businesses thrive, announced a $100 million investment from Bregal Sagemount to expand its technology and customer offerings. This funding is a reflection of the exceptional growth in Scorpion's business and investor belief in its vision to empower local businesses and the communities they serve. Through Scorpion's blend of AI technology

Read more

Acquisition Will Extend Diligent’s Modern Governance Platform with Steele’s Industry-Leading Ethics and Compliance Capabilities -- Diligent Corporation (“Diligent” or the “Company”), the modern governance company with a platform used by nearly 700,000 board directors and leaders across 19,000 clients, announced that it has signed an agreement to acquire Steele Compliance Solutions, Inc. (“Steele”), a global leader in ethics and compliance SaaS. Financial terms of the transaction were not disclosed. Steele is the trusted market leader

Read more

Corcentric, a leading provider of business spend management and revenue management software and services, today announced the acquisition of Vendorin from Juvo Technologies for a purchase price of $100 million. Other financial terms were not disclosed, and the acquisition was financed with cash on hand following Bregal Sagemount’s investment in May 2020. Based out of Hattiesburg, MS, Vendorin is a high growth B2B integrated payments network that makes it easy for buyers to enroll and

Read more

Procurement Advisors LLC announces its new name, logo, and website as part of comprehensive rebranding campaign. -- Procurement Advisors, North America’s leading and most data-forward group purchasing organization for Maintenance, Repair, and Operations (MRO) supplies, launches a comprehensive rebrand in response to significant investments and a rapid broadening of its analytical offerings. The change in company name to Procure Analytics reflects its high-touch, data-driven procurement solutions. Over the past several years, Procure Analytics (“PA” for

Read more

Sagemount partner Phil Yates recently participated in the FreightWaves Venture Summit along with Truckstop CEO Paris Cole. The title for the chat was “Growth Investments: a successful entry and exit with Paris Cole of Truckstop.com and Phil Yates of Bregal Sagemount.” The conversation centered on the founding and growth of Truckstop.com and what’s next for the 25-year-old company, the largest digital freight marketplace in North America. See the full interview

Read more

Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) and Align Financial Holdings, LLC (“Align”) today announced the completion of the sale of Hilltop’s wholly owned subsidiary, National Lloyds Corporation (“National Lloyds”), to Align on June 30. The transaction, which was first announced in January 2020, closed following the receipt of required regulatory approvals and the satisfaction of other customary closing conditions. Gross proceeds (before transaction expenses) at closing to Hilltop from the transaction were approximately $154.1 million,

Read more

Combined Company Renamed Open Lending and Will Trade on the Nasdaq Stock Market -- Open Lending, LLC (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, and Nebula Acquisition Corporation (NASDAQ: NEBU) ("Nebula"), a special purpose acquisition company sponsored by True Wind Capital, L.P. (“True Wind Capital”), announced today that they have closed their previously announced business combination agreement under which Nebula acquired Open Lending. The business combination was

Read more

Corcentric, a leading provider of business spend management and revenue management software and services, announced today a significant minority growth equity investment from New York-based private equity firm, Bregal Sagemount. The $80 million capital raise will support Corcentric’s product innovation and solution integration efforts as the company continues its global expansion; helping businesses reduce costs and spend more efficiently. The investment comes on the heels of a busy 24 months for Corcentric, during which the

Read more

Company Delivers Consolidated Solution to Secure 3rd Party Communications Across Email, File Sharing, Enterprise Apps, Web Forms, SFTP, MFT, and Mobile -- Accellion, Inc., provider of the enterprise content firewall that consolidates, controls, and secures sensitive third party communications, today announced a $120 million financing round led by Bregal Sagemount. Baring Private Equity, having led previous rounds, will retain a significant stake in the business. The Accellion enterprise content firewall protects the IP, PII, PHI,

Read more

Fleet software leader expands its portfolio with advanced field service solution -- GPS Insight, a leading provider of fleet software for organizations with vehicles, trailers and other mobile assets, today announced the acquisition of Chicago-based ServiceBridge, a leading field service management software company for small businesses and franchises with tools that empower field service teams to better serve their customers. The move further broadens the scope of the GPS Insight software portfolio to deliver more

Read more