Leader of Human Resources cloud-based software solutions
Denver, Colorado (April 15th, 2021) – The Forbes M+A Group (Forbes), a leading middle market transaction advisory firm, is pleased to announce its client, Enquiron, Boston-based provider of risk management and consultative business solutions has been acquired by Zywave, a leader in the insurance tech industry and portfolio company of Clearlake Capital.
“Working with the Forbes Team was more than executing a transaction. They took the time to learn our business and help us understand our true value factors. This understanding, combined with their professional insight and experience, allowed us to position our company to gain maximum value and return. There is a reason why they win awards year after year”, said Mike Naclerio, CEO of Enquiron.
“I am thrilled to have led the team that advised Enquiron, in preparing for, and ultimately consummating a fantastic transaction” Garit Lawson, Managing Director at the Forbes M+A Group, commented, “We were able to create a competitive process for buyers who were attracted to the unique service suite, recurring subscription revenues, blue chip customer base, and extraordinary customer retention”.
Founded in 1996, Enquiron is the leading provider of cloud-based software solutions that employers use to manage people-centric risks, be it employment law, compliance, ERISA, cyber threats, workplace safety, loss control, director’s liability, or related training. By combing data, tools, professional services, engagement drivers, and analytics, Enquiron provides a unique and high value solution that meets unmet needs in a rapidly growing market.
Zywave leads the insurance tech industry, fueling business growth for our partners with the most expansive portfolio of cloud-based sales management, client delivery, content and analytics solutions. By offering an all-on-one platform full of robust data and the most comprehensive content library available, we empower our partners to make smarter business decisions throughout the entire customer lifecycle in service of greater health, wellness and safety.
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has approximately $35 billion of assets under management, and its senior investment principals have led or co-led over 300 investments.
About The Forbes M+A Group
The Forbes M+A Group, founded in 2004 with offices in Denver, CO, Salt Lake City, UT, and Nashville TN, is an award-winning investment bank with expertise in mergers and acquisitions, capital formation, and financial restructuring within the middle market. Senior advisors at The Forbes M+A Group have 250+ years and $85 billion of combined transaction experience across a wide variety of industries and around the globe. The Forbes M+A Group has been recognized regionally as the M&A Firm of the Year for the past 5 years. For more information, please visit us at www.forbes-partners.com or phone at (303) 770-6017.
Media Contact: Kelly FitzGerald | +1 (720) 446-6767| Kelly.Fitzgerald@forbes-partners.com
For more information on this and other transactions, contact The Forbes M+A Team.