FS Vector Acquires APPROVED Licensing Platform
Deal News | Jan 16, 2025 | Stone Goff
Stone-Goff Partners, a private equity firm focusing on tech-enabled B2B service companies, has announced the acquisition of the APPROVED licensing platform by its portfolio company, FS Vector. This strategic move aims to enhance FS Vector’s capabilities in delivering comprehensive solutions in its industry. Stone-Goff Partners is recognized for fostering growth in its portfolio companies, and this latest acquisition evidences its commitment to expanding FS Vector's scope and market reach. The transaction aligns with Stone-Goff Partners’ strategy to invest in companies with promising potential in the technology-driven business services sector.
Sectors
- Private Equity
- Technology-Enabled B2B Services
Geography
- United States – Stone-Goff Partners and FS Vector are likely based in the U.S., which is inferred from the context of private equity and B2B market activities.
Industry
- Private Equity – Stone-Goff Partners is a growth-focused private equity firm engaged in the acquisition.
- Technology-Enabled B2B Services – FS Vector operates in the tech-enabled B2B services sector, which is enhanced by acquiring the APPROVED licensing platform.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stone-Goff Partners | Private Equity Firm | Company | A growth-focused private equity firm specializing in tech-enabled B2B service companies. |
| FS Vector | Target Company | Company | A portfolio company of Stone-Goff Partners that acquired the APPROVED licensing platform. |
| APPROVED | Selling Company | Company | The company acquired by FS Vector, known for its licensing platform. |