Who actually buys sub-$10M software & services companies.

A researched directory of 29 serial acquirers, software holdcos, PE add-on buyers and search funds, with stated criteria, recent deals and sources.

Guides

Who buys vertical SaaS companies

16 matching buyers in the directory

Software holding companies that buy small businesses

9 matching buyers in the directory

Search funds that buy software companies

2 matching buyers in the directory

PE add-on buyers for small software companies

10 matching buyers in the directory

Who buys MSPs and IT services companies

2 matching buyers in the directory

saas.group

Bootstrapped SaaS acquirerHorizontal SaaSMarketing techDev tools

Deal size: $1M–$10M ARR (stated as typical; also cited $2M–$10M)

Geography: Global (HQ Cologne, Germany)

Latest: Ayrshare (2025-08)

Banyan Software

Software holdco / serial acquirerVertical market software

Deal size: $3M–$30M revenue typical; >$2M revenue; typically >$750K EBITDA (Benelux: €2M–€30M revenue, >€500K cash EBITDA)

Geography: Global (NA, LatAm, Europe, APAC)

Latest: Element 74 (2026-10-20)

Valsoft Corporation

Software holdco / serial acquirerVertical market software

Deal size: $3M–$30M ARR (stated; flexible). TAG Software Group: $3M–$100M ARR

Geography: Global (HQ Montreal)

Latest: Positive Solutions (via TAG Software Group) (2026-10-15)

Volaris Group

Constellation operating groupVertical market software

Deal size: No minimum revenue threshold (stated)

Geography: Global

Latest: Travel Trackers (2026-09-22)

Jonas Software

Constellation operating groupVertical market softwareFitness & leisureHospitality

Deal size: Not publicly stated

Geography: Global

Latest: Zoo Logic (via Vesta) (2026-09-15)

Harris Computer

Constellation operating groupPublic sectorHealthcareUtilities

Deal size: Not publicly stated

Geography: Global

Latest: TouchBistro (2026-07-07)

Perseus Group

Constellation operating groupDealership softwareVertical market software

Deal size: $4M–$1B revenue (stated in 'Working with Perseus')

Geography: Global

Latest: Starkwood Media Group (2026-04-27)

Vela Software Group

Constellation operating groupIndustrialTravel techERP

Deal size: Not publicly stated

Geography: Global (incl. Vela LatAm)

Latest: DerbySoft (majority, via Juniper) (2026-06-02)

Topicus.com / TSS

Constellation operating groupVertical market softwareAutomotiveFinance

Deal size: Not publicly stated

Geography: Europe

Latest: QUBE Automotive (via TSS) (2026)

Andromeda Software

Constellation operating groupFintechReal estate dataVertical market software

Deal size: $3M–$100M revenue (stated typical)

Geography: Global

Latest: Peocit Software Solutions (Hercules portfolio) (2026)

Constellation Software (parent)

Software holdco / serial acquirerVertical market software

Deal size: No fixed revenue floor (stated); has bought businesses below $2M

Geography: Global

Tiny

Software holdco / serial acquirerInternet businessesSaaSConsumer brands

Deal size: Not publicly stated

Geography: Global

Latest: Oso Cloud (assets) (2026-10-01)

SureSwift Capital

Software holdco / serial acquirerServicesNiche manufacturing(formerly SaaS)

Deal size: Not publicly stated

Geography: Western Canada (current thesis)

Latest: Vitay (2022-05-02)

Arcadea Group

Software holdco / serial acquirerVertical SaaSHealthcareLogistics

Deal size: Not publicly stated

Geography: Global (NA, Europe, ANZ, LatAm)

Latest: Leorad (via Animati) (2026-09-11)

Calm Capital

Software holdco / serial acquirerSaaSEssential small businesses

Deal size: Not publicly stated

Geography: Not publicly stated

Latest: Wavve (2021-03)

Awesome Motive

Bootstrapped SaaS acquirerWordPress pluginsSMB marketing tools

Deal size: Not publicly stated

Geography: Global

Latest: LedgerPort (2026)

Togetherwork

Private equity (platform & add-on)AssociationsPet careCommunity organisations

Deal size: Not publicly stated

Geography: US

Latest: PetExec (2024-11)

Xplor Technologies

Private equity (platform & add-on)Fitness & wellnessChildcareField services

Deal size: Not publicly stated

Geography: Global

Latest: Bitlancer (2026)

The Access Group

Private equity (platform & add-on)Mid-market business softwareCharityHospitality

Deal size: Not publicly stated

Geography: UK, Europe, APAC

Latest: Talent Funnel (2026-08)

Visma

Private equity (platform & add-on)AccountingPayrollTax

Deal size: Not publicly stated

Geography: Europe, LatAm

Latest: MaisMei (2026)

Main Capital Partners

Private equity (platform & add-on)B2B enterprise software

Deal size: Not publicly stated

Geography: Europe, US

Latest: Ferranti (2026-05-28)

Accel-KKR

Private equity (platform & add-on)SoftwareTech-enabled services

Deal size: Companies with revenue up to $200M+ (stated)

Geography: Global

Latest: Whip Around (2026)

Mainsail Partners

Private equity (platform & add-on)Bootstrapped B2B software

Deal size: Not publicly stated

Geography: Not publicly stated

Latest: Steelhead Technologies (2026)

Diversis Capital

Private equity (platform & add-on)SoftwareLogistics techFintech

Deal size: Not publicly stated

Geography: US

Latest: Tideworks Technology (majority) (2026-10)

Turn/River Capital

Private equity (platform & add-on)SoftwareCybersecurityIT ops

Deal size: Not publicly stated

Geography: US, Europe

Latest: StarLIMS (strategic investment) (2026-01-13)

Rubicon Technology Partners

Private equity (platform & add-on)B2B software

Deal size: Not publicly stated

Geography: US

Latest: Procede Software (2026)

Evergreen Services Group

IT services / MSP acquirerManaged IT services (MSPs)Services

Deal size: >$3M revenue, >$500K normalised EBITDA, >50% recurring (stated MSP criteria)

Geography: US, ANZ, global

Latest: OSIT (2026)

Pacific Lake Partners

Search fund investorServicesSoftwareRecurring-revenue B2B

Deal size: EBITDA ≥$2M (typically $2M–$4M); purchase price typically $10M–$30M

Geography: US

Latest: Connected Dealer Services (2026)

Relay Investments

Search fund investorSearch funds (multi-sector)

Deal size: Invests $1M–$3.5M per search acquisition (15–25% of cap table)

Geography: US, Europe