Acquisition of Smith Technologies, LLC
Baird served as financial advisor to Francisco Partners on this transaction
AboutFrancisco Partners recently entered into a definitive agreement to acquire Smith Technologies, LLC (“Smith Technologies” or the “Company”), a wholly-owned subsidiary of J M Smith Corporation (“J M Smith”). Terms of the transaction have not been disclosed. The transaction is subject to regulatory approvals and customary closing conditions.
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch 20 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 275 technology companies, making it one of the most active and longstanding investors in the technology industry. Francisco Partners is headquartered in San Francisco, California.
Smith Technologies is a leader in community pharmacy technology, long-term care technology and public sector software through its QS/1, Integra and PUBLIQ Software brands. The Company is headquartered in Spartanburg, South Carolina.
J M Smith was founded in 1925 as a single community pharmacy in Asheville, North Carolina. In the decades since, J M Smith has grown to operate business units that supply healthcare and distribution services and technology to pharmacies, institutions, government agencies and businesses across the United States. J M Smith is headquartered in Spartanburg, South Carolina.
CONTACT US TO LEARN MORE
- March 2020
- Francisco Partners
- Target Location
- North America
- Acquiror Location
- North America