Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through Roper's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
99 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
Struers is a leading maker of materialographic (metallographic) equipment and consumables used to prepare and analyze material samples. The Danish-based business was acquired alongside Logitech. Roper divested Struers as part of the 2022 sale of its industrial 'Indicor' businesses.
Logitech is a precision lapping and polishing equipment maker acquired together with Struers. It later formed part of Roper's industrial businesses and was divested in the 2022 'Indicor' transaction.
Technolog is a U.K.-based provider of metering telemetry and monitoring solutions for water and gas utility networks. It later formed part of Roper's industrial businesses and was divested in the 2022 'Indicor' transaction.
Advanced Sensors manufactures and supports oil-in-water analyzers for the oil and gas industries. Roper acquired it to expand its Energy Systems & Controls product line.
iSqFt provides construction bid- and project-management software connecting general contractors, subcontractors and suppliers. It became a foundational part of Roper's ConstructConnect business.
United Toll Systems provides software and in-lane hardware systems for toll and traffic markets. Roper acquired its assets to complement its TransCore toll-and-traffic operations.
Dynisco provides highly engineered sensors and software used in testing, measurement and control applications, particularly for polymer processing. Roper cited Dynisco's recurring revenue base and engineering competencies as the strategic rationale. It was divested in the 2022 'Indicor' transaction.
MEDTEC develops radiation-oncology patient-positioning and immobilization products. It was combined with Roper's CIVCO medical operations.
Onvia aggregates U.S. government procurement and bid data. It was combined into Roper's ConstructConnect business to broaden its public-sector project intelligence.
Gatan designs, manufactures and markets scientific instruments used in the field of electron microscopy. The business became part of Roper's scientific imaging and instrumentation operations. Roper later sold Gatan to AMETEK in 2019.
Outgo provides cloud-based freight-payment software and AI-enabled factoring solutions that automate invoicing, underwriting, payments and collections for commercial trucking. It complements Roper's DAT and freight-matching operations.
Roper purchased the assets of the power-generation business of R/D Tech and combined it with its Zetec unit, expanding Zetec's nondestructive-evaluation offering for power-generation facilities.
CIVCO (CIVCO Medical Solutions) supplies medical accessories and patient-positioning products used in ultrasound imaging and radiation oncology. It remains a core Roper medical business.
Zetec provides nondestructive evaluation and eddy-current inspection technology used primarily for testing components in power-generation facilities. Roper expanded the business in 2004 by adding the R/D Tech power-generation line.
Duncan Technologies, based in Sacramento, California, develops digital imaging camera systems. It was added to Roper's scientific and industrial imaging operations.
Media Cybernetics is a developer of image analysis and image-processing software used in scientific and industrial imaging applications. It was folded into Roper's imaging businesses.
Foodlink provides supply-chain software and services for the foodservice and food-distribution markets. It was one of three businesses Roper acquired in 2014 to expand its supply-chain and medical platforms.
Inovonics is a provider of high-performance 900 MHz radio-frequency wireless sensor networks used in security and other monitoring applications. It remains a Roper business within its technology-enabled products.
Verathon develops medical devices for airway management, including video laryngoscopes and bronchoscopes, and bladder-volume measurement solutions for healthcare providers. It remains a core Roper medical business.
The Construction Journal provides construction project leads and bid information. Roper acquired a majority of its assets to broaden its ConstructConnect project-intelligence offering.
Bellefield provides SaaS solutions for the front office of law firms, focused on professional-service automation, compliance and timekeeping. Roper acquired substantially all of its assets.
Trucker Tools is a leader in load visibility, automated booking and digital freight-matching software for commercial trucking. Roper acquired its outstanding membership interests, complementing its DAT freight operations.
AC Analytical Controls provides chromatographic analyzers used in the petrochemical industry. The Netherlands-based business joined Roper's analytical instrumentation operations.
IPA provides automated dispensing and management systems (including linen and supply dispensing) for healthcare facilities. It was acquired as part of Roper's 2014 expansion of its medical platform.
Roper acquired substantially all of the assets of viDesktop, a software provider serving professional-services and legal-market talent and business-development workflows. Roper did not separately disclose the transaction value.
SHP provides data analytics and benchmarking information for the post-acute healthcare provider marketplace. It was part of Roper's 2014 medical-platform expansion and remains a Roper business.
Flexport Freight Tech LLC (Convoy) — a leading provider of automated load management and digital freight-matching technology connecting trusted brokers and carriers for commercial trucking; integrated into Roper's DAT business.
Brickyard Topco, Inc. (Orchard Software) — a provider of laboratory information management systems for hospitals, reference labs, physician groups, and public health entities; integrated into Roper's Clinisys business.
Provider of laboratory information management systems for hospitals, reference labs, physician groups, and public health entities
Subsplash TopCo, LLC — a leading provider of AI-enabled SaaS providing digital engagement, church management, and integrated giving solutions for faith-based organizations. approximately $800 million.
Provider of cloud-based freight payment software and AI-enabled factoring solutions that automate invoicing, underwriting, payments, and collections for commercial trucking
CentralReach Holdings, LLC — a leading provider of SaaS and AI-enabled solutions enabling the workflow and administration of ABA therapy for ASD and related disabilities care. approximately $1.850 billion.
Provider of cloud-based utility management, billing, and customer communication software solutions for municipalities and other local governments
Provider of cloud-based insurance software that automates the submission and underwriting processes for managing general agents, wholesalers, and carriers
RCP Vega Holdings, LLC, parent of Transact Campus Inc. — a leading provider of integrated campus technology and payment solutions (campus identity, secure access, tuition/fees management, payment processing, point-of-sale commerce) serving higher education, healthcare, and business campuses; integrated with Roper's CBORD business. approximately $1.607 billion.
Genesis Ultimate Holding Co., parent of Procare Software, LLC — a leading provider of SaaS and integrated payment processing for the management of early childhood education centers. approximately $1.860 billion.
Executive Business Services, Inc. (ProPricer) — a leading provider of proposal pricing software solutions for government contractors and government agencies; integrated into Roper's Deltek business.
Provider of time-tracking software solutions for project- and services-centric organizations; integrated into Roper's Deltek business. approximately $447.5 million.
Leading provider of cloud-based performance management and data solutions for healthcare, financial institution, and higher education providers; integrated into Roper's Strata business. approximately $1.381 billion.
Promium, L.L.C. — a leading provider of laboratory information management systems in the environmental and water markets; integrated into Roper's Clinisys business.
Frontline Education provides a connected platform of cloud-based administrative software purpose-built for K-12 education, spanning human capital management, business operations management, student management, and analytics used by more than 10,000 educational organizations. Roper acquired Frontline to add a leading vertical software business with durable recurring revenue. The all-cash transaction was valued at approximately $3.725 billion (about $3.375 billion net of a tax benefit, roughly 19 times estimated 2023 EBITDA) and closed on October 4, 2022, with the management team continuing to lead the business from Malvern, Pennsylvania. approximately $3.725 billion.
Frontline is a terrific business with clear niche market leadership, a proven track record of strong organic and inorganic growth, excellent cash conversion, and an outstanding management team that will thrive as part of Roper. The acquisition of Frontline demonstrates Roper's disciplined capital deployment strategy that focuses on identifying high-quality, market-leading technology businesses that will enhance Roper's cash flow compounding.Neil Hunn — Roper's President and CEO
Provider of purpose-built insurance software for managing general agents
Provider of laboratory information management systems in the toxicology and public health markets
Provider of laboratory information management systems in the toxicology, environmental, public health and agricultural markets. approximately $49.7 million.
Provider of court forms, eFiling, calendaring, and docketing software solutions
Provider of sales, marketing, and service automation software solutions for insurance agencies
EPSi is a leading provider of financial decision support and planning tools for hospitals and health systems. Roper acquired substantially all of the assets of the EPSi business from Allscripts and integrated it into its Strata Decision Technology business to strengthen its health care financial planning and performance software offering. The acquisition closed on October 15, 2020, with total consideration of $365.0 million. approximately $365 million.
Provider of life insurance illustration systems to carriers in the US
Provider of service request automation solutions for client onboarding, transaction automation, maintenance and advisor transitions
Vertafore is a leading provider of SaaS solutions for the property and casualty insurance industry, offering cloud-based agency management, compliance, workflow, and data solutions relied on by more than 20,000 agencies and 1,000 insurance carriers. Roper acquired Vertafore to add a market-leading, recurring-revenue software franchise serving the insurance vertical. The all-cash transaction carried an enterprise value of approximately $5.35 billion and closed on September 3, 2020. approximately $5.35 billion.
Vertafore is a fantastic business characterized by clear leadership in its niche market, a strong management team, high customer retention, and a long track record of consistent revenue and cash flow growth. The acquisition of Vertafore is a great example of our disciplined capital deployment strategy which focuses on durable, long-term cash flow compounding. We look forward to welcoming Vertafore to the Roper family.Neil Hunn — Roper's President and CEO
Provider of subscription-based data analytics serving long term health care facilities
Provider of subscription-based freight transaction benchmarking and analysis service
iPipeline delivers cloud-based software for the life insurance and annuity industries, providing workflow automation and integration across roughly 150 carriers, 1,350 distributors, and more than 500,000 agents. Roper acquired iPipeline to add a high-growth, recurring-revenue SaaS business to its software portfolio. The all-cash transaction was valued at $1.625 billion and closed on August 22, 2019, with iPipeline expected to contribute about $200 million of revenue and $70 million of after-tax free cash flow in 2020. approximately $1.625 billion.
The iPipeline transaction demonstrates our disciplined capital deployment strategy by acquiring another high-quality business that will help grow and compound our cash flow.Neil Hunn — Roper's President and CEO
Provider of integrated accounting, project management and field-to-office solutions for commercial construction firms
Software technologies and AI-enabled solutions used to deliver visual effects and 3D content for the entertainment and digital design industries. approximately $544 million.
Provider of software that supports the design, development and/or delivery of construction specification solutions and related services
Provider of software and ancillary services for the automation of invoicing and reporting for law firms
Provider of cloud-based software for marketing agencies, marketing departments and other creative teams to streamline the review and approval of online work and content
PowerPlan is a leading provider of financial and compliance management software for asset-intensive enterprises such as regulated utilities. Its solutions help large, capital-heavy organizations optimize financial performance, tax planning, and regulatory compliance across their fixed-asset portfolios. Roper announced the deal on May 21, 2018 and completed it on June 4, 2018.
Provider of software solutions for customer relationship management, project management and finance/accounting
Provider of search products, portals and services for legal professionals
Provider of search products, portals and services for legal professionals
Deltek is a leading global provider of software and information solutions for project-based businesses, serving niche markets including government contractors and professional services firms. Roper acquired Deltek to add a large, high-quality application software franchise with recurring revenue and strong cash flow. The all-cash transaction was valued at $2.8 billion and closed on December 28, 2016, funded through a notes offering, credit facility borrowings, and cash on hand. approximately $2.8 billion.
We are excited to announce Deltek as our next great software business,&Brian Jellison
Provider of process management software for molecular laboratories
iSqFt Holdings Inc. (d/b/a ConstructConnect) — a provider of cloud-based data, collaboration, and workflow automation solutions to the commercial construction industry, operating the largest cloud-based network for collaboration across the pre-construction process. approximately $632 million.
ConstructConnect has created the largest cloud-based network for collaboration between participants in the commercial construction industry. Its solutions facilitate the pre-construction process from opportunity identification through project award, driving efficiency and creating revenue opportunities for its users.Brian Jellison — Chairman, President and CEO, Roper Technologies
Provider of software for managing the analysis, interpretation and reporting of genetic tests
PCI Medical is a maker of probe and scope disinfection products used to clean and store ultrasound transducers and endoscopes between clinical procedures. Its cabinets, soak stations, and disinfectant solutions help hospitals and imaging centers meet infection-control and reprocessing standards for reusable medical instruments. Roper acquired the assets of the business, adding it to its medical technology operations.
Provider of clinical laboratory software headquartered in the United Kingdom
Provider of clinical process integration to private and public health sectors
Aderant Holdings, Inc. — a provider of business management software for law firms and other professional services organizations; acquired October 21, 2015 and reported in the RF Technology segment.
Provider of clinical process integration to private and public health sectors
Provider of proprietary identification card technology solutions
On Center Software provides construction automation technology, including digital takeoff, estimating, and project workflow tools for contractors and builders. Its software helps construction firms quantify materials, price bids, and manage labor productivity across projects. Roper acquired all of the company's equity and folded it into its network software operations.
Data Innovations develops clinical and blood-laboratory middleware that connects laboratory instruments, information systems, and analyzers across hospital and independent labs. Its platform standardizes data exchange, automates workflows, and applies quality-control rules to results moving between diagnostic devices and lab information systems. Roper acquired all of the company's shares and reported it within its medical software operations.
Softwriters provides operating software built for pharmacies that serve the long-term care market, including nursing homes and assisted-living facilities. Its FrameworkLTC platform manages dispensing, billing, inventory, and compliance workflows tailored to institutional pharmacy operations. Roper acquired all of the company's shares, adding it to its healthcare software portfolio.
Strata Decision Technology, LLC — a leading provider of cloud-based financial planning, decision support, and performance management software for healthcare providers; acquired January 21, 2015. approximately $140 million.
Provider of planning and budget software for health care providers
Managed Health Care Associates (MHA), headquartered in Florham Park, New Jersey, provides services and technologies supporting alternate-site health care providers who deliver care outside the acute-care hospital setting, holding leading positions in niches such as long-term care pharmacies, assisted living facilities, infusion and specialty pharmacies, and other alternate-site providers. Roper acquired MHA to complement and expand its medical software and services platform. The all-cash transaction was valued at $1.0 billion and closed on May 1, 2013, and Roper expected it to be immediately cash accretive and to generate roughly $95 million of EBITDA in the first twelve months. approximately $1.0 billion.
Sunquest develops diagnostic and laboratory information software used by hospitals and clinical laboratories. Roper acquired all of its shares in August 2012 in an all-cash deal valued at about $1.415 billion, including roughly $25 million of cash tax benefits. The acquisition expanded Roper's healthcare information-technology franchise with a business built on recurring revenue. approximately $1.415 billion.
Provider of requirements capture, safety lifecycle management and engineering software tools, and safety and control system solutions to the oil and gas, industrial process and control markets
United Controls Group (UCG) manufactures control systems for the oil and gas industry, supplying process control equipment used in energy production and processing operations. Its systems support monitoring and control of industrial processes in demanding upstream and midstream environments. Roper acquired all of the company's shares and integrated it with its existing process control businesses.
Northern Digital Inc. (NDI) is a provider of 3-D measurement and optical/electromagnetic tracking technology used in computer-assisted surgery and computer-assisted therapy applications. Roper acquired 100% of NDI's shares, adding the business to its medical platform. The transaction closed on June 3, 2011.
Provider of 3-D measurement technology for medical applications in computer-assisted surgery and computer-assisted therapy
Global provider of software-as-a-service based trading network and business intelligence solutions to the food industry. approximately $525 million.
Provider of comprehensive software solutions and related services that complements CBORD's higher education business to allow us to better serve the entire education spectrum
Provider of comprehensive software solutions and related services that complements CBORD's higher education business to allow us to better serve the entire education spectrum
Provider of comprehensive software solutions and related services that complements CBORD's high
Provider of industrial test instruments and software in our Energy Systems & Controls segment
CBORD, headquartered in Ithaca, New York, supplies campus card systems, integrated security and access controls, and related payment technology to higher-education and healthcare institutions. Roper completed the purchase in February 2008 for roughly $375 million in cash. The company was drawn to CBORD's strong customer retention and its recurring, subscription-like revenue across the education and healthcare end markets, which it viewed as offering durable growth. approximately $367 million.
Black Diamond Advanced Technology builds rugged mobile computers and portable computing systems engineered for harsh field and tactical environments. Its ruggedized hardware supports users who need durable, high-reliability computing where standard commercial devices would fail. Roper acquired the company's assets and reported the operations within its RF Technology segment.
Provider of audio recording, vibration monitoring and process control equipment for commercial and military markets
Roda Deaco Valve is a Canadian developer and manufacturer of air intake cut-off devices used to shut down engines by cutting off their air supply in hazardous environments. Its valves provide emergency overspeed protection for diesel engines operating around combustible gases, such as in oil and gas and industrial settings. Roper acquired the company's assets and added them to its energy controls operations.
DJ Instruments manufactures and supplies pressure measurement sensors used in industrial and energy applications. Its sensors provide precise pressure sensing for process monitoring and control across demanding operating conditions. Roper acquired the company's assets and reported the operations within its energy controls business.
Provider of rugged computers and software for mobile computing
Provider of igh performance digital cameras for industrial, scientific and security markets
Intellitrans provides asset tracking technology and transportation management services for bulk and break-bulk commodity shippers. Its platform monitors rail cars, trucks, and other assets while offering analytics that help producers manage logistics and supply-chain visibility. Roper acquired the company's assets and reported the operations within its RF Technology segment.
Sinmed Holding International is a European maker of medical positioning equipment used to position and immobilize patients during radiation therapy and diagnostic imaging. Its products help clinicians achieve accurate, repeatable patient setup for treatment and imaging procedures. Roper acquired all of the company's outstanding shares and reported the operations within its imaging segment.
TransCore is a provider of technologies and services in radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications, and comprehensive toll systems and processing services. Roper acquired TransCore Holdings from an investor group led by KRG Capital Partners to expand its radio frequency identification and comprehensive systems and services offerings. The all-cash transaction was valued at approximately $600 million (about $597 million net of cash and debt) and closed on December 13, 2004. approximately $600 million.
Neptune Technology Group Holdings Inc. — water and utility metering products and automatic meter reading systems; acquired from Investcorp together with DAP Technologies and DB Microware. approximately $475 million.
These businesses are an excellent strategic fit with Roper and will be accretive to our EBITDA margins, cash flow and net sales growth,&Brian Jellison — President and Chief Executive Officer of Roper
Due to a growing focus on customer service, pricing, and conservation, utilities have a rapidly growing need to measure consumption of resources more frequently, accurately, and efficiently,&Mr. Jellison