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Founder & Managing Director Lightning Partners - Advising Industry Leading SaaS & Tech Companies

Excited to announce that TraceGains, the food & beverage industry’s leading supply chain management, compliance, and new product development platform, has been acquired by Veralto (NYSE: VLTO) for $350 million. Lightning Partners served as the exclusive financial and strategic advisor to TraceGains. This is another example of our ability to efficiently complete transactions with strategic acquirers at premium valuations. The transaction also highlights our continued success with network-based business models and in various core end markets such as vertical software, #supplychain, industrial / #manufacturing software, and #compliance. Congratulations to investors Kinetic Capital as well as TraceGains CEO Gary Nowacki and his team, who have built an industry-leading portfolio of #SaaS applications that are supported by its unique network of suppliers and CPG brands. Trusted by more than 1,200 global clients, including half of the world’s top 100 food and beverage manufacturers, the TraceGains network connects brands, manufacturers, and retailers via a vast ecosystem of >70,000 supplier locations and a comprehensive database of >500,000 ingredients and products spanning more than 150 countries. Thanks TraceGains leaders A.J. Dolan, Steven Posey, DBA, Michael Hubbard, Greg Heartman, Gary Walters, Gary Iles. Also special thanks to the awesome work by the legal team at Katten Muchin Rosenman LLP, including Jeffrey Patt, Bret Diskin, Julia Brook, Alexander Minuete Lovrine, and Josh Lewis. Congratulations to the Lightning Partners banking team on another successful transaction! #mergersandacquisitions #mergers #acquisitions #privateequity #venturecapital #SaaS #software #ai #artificialintelligence #technology #analytics #riskmanagement #retail #foodandbeverage #foodindustry #foodmanufacturing #foodtech #branding #mergersandacquisitions #ESG #productdevelopment #data #sustainability

Veralto Acquires TraceGains for $350M

Veralto Acquires TraceGains for $350M

lightningpartners.com

Gary Iles

SVP Marketing & Business Development at TraceGains

2mo

Thanks to you and the Lightening Partners Team for guiding us to such a successful outcome, joining the most ideal partner imaginable.

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We enjoyed working on it. Congrats!

Amazing outcome. Congrats dan!

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Aran Roberts

VP of Corporate Development

2mo

Congrats, Dan!

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Hector Guinness

Partner at Hg in New York

2mo

Congratulations!

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Stephen Whyte

Special situations investor (B2B software). Minority / Majority - Anywhere we can add value #investor #bootstrapping

2mo

Congratulations Gary Nowacki

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