Updated August 16th: I have not followed the sequence of WebEOC owners and developers all that closely. What I recall is that the system when it was developed had a specific emergency management and EOC focus. The first time it was sold, it went to a company with a medical background and then it was sold again and again (and again?).
Currently it is aligned with
Juvare and you can link to it here,
WebEOC Juvare
I will have a separate blog post and a podcast coming on WebEOC.
For now, will the Five Arrows acquisition of WebEOC make someone look like a pincushion? I do think that the increasing number of disasters that have more significant damages and impacts is drawing the attention of investment groups like Five Arrows. While climate change is an "unmentionable" term in the current federal administration, others are taking note of the impacts and looking to monetize appropriate investments.
The most recent sale is described here (Please forgive the formatting that comes from copying):
Majority Sale to Five Arrows
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Baird served as financial advisor to Juvare, LLC on this transaction
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Juvare, LLC (“Juvare”), a portfolio company of Thomas H. Lee Partners, L.P. (“THL”), has been acquired by Five Arrows. The terms of the transaction have not been disclosed.
Juvare is a worldwide leader in emergency preparedness and critical incident management and response software. Juvare solutions empower government agencies, corporations, healthcare facilities, academic institutions and volunteer organizations to leverage real-time data to manage incidents faster and more efficiently, protecting people, property and brands. Juvare is headquartered in Atlanta, Georgia.
THL invests in middle market growth companies, headquartered primarily in North America, exclusively in four sectors: Consumer, Financial Services, Healthcare and Technology & Business Solutions. THL couples their deep sector expertise with dedicated internal operating resources to transform and build great companies of lasting value in partnership with management. Since 1974, THL has raised more than $25 billion of equity capital, invested in over 150 companies and completed more than 400 add-on acquisitions representing an aggregate enterprise value at acquisition of over $200 billion. With dedicated sector and operating teams, THL brings deep domain expertise and resources to build great companies by helping to accelerate growth, improve operations and drive long-term sustainable value in partnership with management. THL is headquartered in Boston, Massachusetts.
Five Arrows is organizing this investment through its European and United States funds. Five Arrows Principal Investments (FAPI) and Five Arrows Capital Partners (FACP) are respectively the European and United States corporate private equity arms of Rothschild & Co’s Merchant Banking business. Merchant Banking manages over $16 billion globally which includes approximately $4 billion dedicated to corporate private equity, as well as a series of funds dedicated to senior and junior credits, primary and secondary fund investing and co-investments, with offices in Paris, London, New York, Los Angeles and Luxembourg. FAPI and FACP are focused on investing in middle-market companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong free cash flow conversion; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology-enabled business services and healthcare. Five Arrows in headquartered in London, the United Kingdom and New York, New York.
For additional information about this transaction, please contact:
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About Us
Baird is a leading middle-market focused global investment bank serving the M&A, equity financing and debt advisory needs of our clients throughout the United States, Europe and Asia. Since 2015, Baird has completed almost 580 advisory transactions, representing more than $167 billion in transaction value, and nearly 360 financings, raising more than $112 billion. Learn more about Baird's advisory transactions and services.
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Eric Holdeman is a contributing writer for Emergency Management magazine and is the former director of the King County, Wash., Office of Emergency Management.
