apexanalytix
Business Services
apexanalytix is a leading provider of supplier management, audit, recovery and compliance software and services.
Fund V
Location Greensboro, NC
Year of Investment 2020
CEO Steve Yurko
Status Exited 2022 (Partial)
Results
Revenue increase of ~37%since close of 2020 transaction
EBITDA increase of ~59%since close of 2020 transaction
EBITDA margin increase of ~7%since close of 2020 transaction
Value Creation Initiatives
What did the business need?
In August 2020, Carousel partnered with management to acquire apexanalytix via a continuation fund to provide continued support through access to liquidity for the ongoing organic growth initiatives of the management team.
What outcomes did we achieve?
In July of 2022, Fund V (in parallel to several other Carousel-sponsored investment funds) completed a partial exit to KKR.
How did we create value?
Fund IV
Location Greensboro, NC
Year of Investment 2014
CEO Steve Yurko
Status Exited 2020
Results
Increased revenue from SaaS solutions 150%+since 2014
Increased EBITDA by 2xduring Carousel's hold period
Added 75+new product development and implementation resources to support growth of the Company's software platform
Value Creation Initiatives
What did the business need?
In July 2014, Carousel partnered with management to recapitalize APEX and invest in management’s plan to transform and accelerate the growth of the Company’s software platform.
What outcomes did we achieve?
In August of 2020, Fund IV exited APEX via a continuation fund sponsored by Carousel entities, including Fund V.
How did we create value?
The team at Carousel have been great partners for me and the business since we undertook our recapitalization in 2014. Their understanding of APEX's business, and belief in and relationship with our team and its vision have enabled us to pursue and achieve growth and execute upon several strategic objectives that have made a significant impact for our customers. In addition to providing capital, I found that their knowledge, patience and partnership approach proved invaluable as we transformed our business from a services provider to a software and technology leader in the P2P industry. I have truly enjoyed the relationship on a personal level and the business results have been exceptional.
Steve Yurko, CEO, APEX Analytix
More Case Studies
Axium Healthcare Pharmacy, Inc. is a leading independent specialty pharmacy that provides comprehensive disease-management programs to meet the needs of patients with rare or chronic conditions.
More Case Studies
Joe Hudson’s Collision Center is a leading provider of automotive collision repair services in the Southeastern United States.
More Case Studies
Transflo is the leading provider of tech-enabled revenue cycle, document management and invoicing solutions to the transportation industry.
More Case Studies
Leading provider of enterprise-level software specifically designed for advertising agencies and marketing companies, with solutions that automate accounting, billing, project management, digital asset management and media management.
More Case Studies
A leading provider of outsourced database management, marketing program administration, data collection and data analysis services to the agriculture/crop protection, animal health and healthcare industries.
Related News
August 18, 2020
Carousel Capital Sponsors New Investment in apexanalytixJuly 25, 2014
Carousel Capital Leads Acquisition of APEX Analytix