GCA Advises Onvia on Its Sale to Deltek
Onvia Inc. (NASDAQ: ONVI) creates mutual value for public and private sectors, taxpayers and society at large by connecting and accelerating the multitrillion-dollar business-to-government market. Onvia enables customers to grow their sales pipeline with access to bids, RFPs and future spending data, along with agency contacts, competitor information and market analytics. The solution is backed by Onvia’s smart search technology, CRM integration and expert support.
Deltek Inc., a subsidiary of Roper Technologies Inc. (NYSE: ROP), is the leading global provider of enterprise software and solutions for government contractors, professional services and other project-based businesses.
The acquisition of Onvia is intended to further strengthen Deltek’s GovWin IQ information solution offering by adding state, local and education market intelligence. Under the terms of the agreement, Deltek’s parent company will acquire all the outstanding shares of Onvia’s common stock for $9.00 per share in an all-cash tender offer. The offer price represents a 100% premium to Onvia’s closing stock price on October 2, 2017.
GCA acted as exclusive financial advisor to Onvia in connection with this transaction.
About GCA
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