Confluence to Seek Acquisitions Following Majority Investment
TA Associates’ majority investment deal with Confluence includes a push toward inorganic growth.
“TA has expressed an interest in seeing us more aggressively overlay an acquisition strategy on top of our already pretty aggressive organic growth strategy,” says Mark Evans, chairman, CEO and president of Pittsburgh, PA-based Confluence.
Neither party would disclose the financial terms of the transaction, but the organizations have been on each other’s radar since 2006, when Confluence took an investment from Polaris Partners, says Evans, adding that they were also in talks with TA back then
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