Exclusive financial advisor to Tidal Software LLC

KPMG Corporate Finance LLC acted as exclusive financial advisor to Tidal Software LLC

KPMG Corporate Finance LLC (KPMG CF) is pleased to announce the sale of Tidal Software LLC (“Tidal Software” or the “Company”) to Redwood Software, a portfolio company of Turn/River Capital. Tidal Software is a leading provider of enterprise workload automation solutions that orchestrate the execution of complex workflows across systems, applications, and IT environments. Acquired by Dillon Kane Group (“DKG”) in 2017 and headquartered in Chicago, IL, Tidal Software’s comprehensive portfolio of products and services optimize business-critical processes, increase operational efficiencies, and satisfy audit requirements for regulatory compliance. The Company serves over 400 enterprise customers across diverse end markets with blue chip names including the NYSE, Bloomberg, Boeing, Caterpillar, and Aetna, just to name a few.

“Tidal’s leading enterprise automation solutions are excellent additions to Redwood’s robust end-to-end automation portfolio,” said Chase Sorgel, a Turn/River operating partner and member of the Redwood Board of Directors. “The Turn/River team is thrilled to partner with Tidal and Redwood by providing growth capital and go-to-market support for the continued expansion of the platform.”

Of their experience with KPMG CF, Don Kane of DKG commented, “We were very impressed with the KPMG team, the quality of its work and the breadth of the outreach.” Tom Reedy, DKG Senior Managing Partner, added, “KPMG Corporate Finance brought deep software industry sector knowledge and relationships with key counterparties that ensured we canvassed the relevant market and developed an informed read.” “The professionalism of the KPMG team was evident from the beginning of the engagement. Each member brought unique skills which added significantly to the successful outcome we achieved together,” said David Dillon of DKG. 

About Redwood Software

Redwood Software is the industry leader in full stack automation for mission-critical business processes. With the first SaaS-based composable automation platform specifically built for ERP, Redwood Software’s solutions empower customers with the ability to orchestrate, manage, and monitor workflows across any application, service, or server. Redwood Software is owned by Turn/River Capital, a leading private equity firm headquartered in San Francisco, CA.

About Turn/River Capital

Turn/River Capital specializes in growth capital investments, founder liquidity, buyouts, spin-outs, and recapitalizations of technology, web, and SaaS companies. Its strategy is to combine rigorous, iterative marketing, sales, and operational execution with flexible capital to help companies double and triple their growth and build value for everyone. Turn/River Capital is headquartered in San Francisco. 

KPMG Corporate Finance

The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.

Trust KPMG Corporate Finance LLC with your next transaction.

Joseph Radecki

Joseph Radecki

Managing Director and Group Head, TMT Investment Banking, KPMG Corporate Finance LLC

+1 651-272-7305

John Paul Ditty

John Paul Ditty

Managing Director, KPMG Corporate Finance LLC

+1 503-407-1200

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