| Bridge Growth Partners | |
| Industry: | Private equity fund |
| Predecessors: | --> |
| Founded: | [1] |
| Successors: | --> |
| Hq Location City: | New York City |
| Hq Location Country: | United States |
| Areas Served: | --> |
| Owners: | --> |
Bridge Growth Partners (est. in 2013) is an American private equity fund that invests in technology and financial services companies.[2] Bridge Growth's portfolio holdings include BackOffice Associates, Accedian, Finalsite, Salient CRGT, and Solace Corporation.
In November 2014, Bridge Growth acquired CRGT, a systems integrator based in Reston, Virginia, a deal reportedly valued at $255M.[3] In August 2015, CRGT was merged with Salient to form Salient CRGT.[4]
In April 2016, Bridge Growth Partners acquired Solace Systems, a developer of middleware software and messaging appliances, in a leveraged buyout.[5] [6] The company would subsequently be renamed Solace Corporation. In September 2016, the firm invested in Finalsite, a provider of online learning and communications products, based in Glastonbury, Connecticut.[7]
In March 2017, it announced a majority equity investment in Accedian, based in Montreal, Canada, which develops service assurance and performance monitoring solutions for communications service providers.[8] In August 2017, Bridge Growth Partners announced the purchase of Goldman Sach's stake in BackOffice Associates, a data services firm. After the deal Bridge Growth became the majority stakeholder with Goldman Sachs, SAP, and management team members holding the remaining equity.[9] [10]