Steele Compliance case study

Sagemount’s contribution to M&A sourcing, underwriting, and execution, pricing and bundling optimization, and exit planning resulted in an outsized outcome for Steele

Steele Transaction Overview

• In May 2016, Sagemount acquired a controlling interest in Steele
• During Sagemount’s hold, Steele focused on organic growth initiatives including refining its pricing strategy and aggressively investing in its software and data products
• Sagemount partnered with Steele’s management to pursue strategic M&A, vetting over 25 opportunities and closing four acquisitions focused on product roadmap acceleration. The acquisitions helped Steele evolve from a third party risk management specialist to a Steele as a “full suite” GRC software provider.
• In March 2021, Diligent Corporation acquired Steele Compliance for an fully-valued strategic multiple of revenue and EBITDA