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Sustainability Software M&A: Apexanalytix Acquires ESG Enterprise

March 8, 2023 by Joe Panettieri

Apexanalytix (also known as Apex), backed by private equity firms KKR and Carousel Capital, has acquired ESG Enterprise, a provider of environmental, social and governance (ESG) management data, software and services. Financial terms of the deal were not disclosed.

Related: See all M&A deals involving ESG and sustainability consulting, technology & software firms here.

Apex, founded in 1988, develops data and analytics software for supplier management, fraud prevention, and overpayment recovery. The company, based in Greensboro, North Carolina, had 405 employees listed on LinkedIn as of March 2023. Apex serves roughly half of all Fortune 500 and Forbes Global 2000 companies. The firm's Apexportal platform automates supplier on-boarding, master data management, and monitoring of supplier and supply chain risk, Apex asserts.

KKR acquired a majority stake in ApexAnalytix in July 2022. Carousel Capital also maintains a minority stake in the business.

ESG Enterprise, founded in 2019, had 12 employees listed on LinkedIn as of March 2023. The company, based in Houston, Texas, develops SaaS-based software and data analytics that allows customers to measure their climate footprints; meet Scope 1, Scope 2, and Scope 3 reporting requirements; and comply with international regulations and other leading ESG reporting frameworks, the seller said.

In a prepared statement about the deal, Apex CEO Steve Yurko said: “Understanding and effectively managing ESG is a critical part of smart supply chain management, which is why we are excited to add ESG Enterprise to our platform. We look forward to bringing the benefits of this offering to our clients.

Steve Yurko, CEO, Apexanalytix

Added Alan Lee, CEO of ESG Enterprise: “Joining apex will enable us to make even more of an impact by helping more companies measure and therefore manage the full spectrum of sustainability risks and opportunities throughout their customers’ large and complex operations and supply chains. We look forward to continuing to innovate and further build out our technology for their benefit.”

Concluded Danny Thompson, SVP of market and product strategy for Apex: “When it comes to sustainability, requirements and objectives can vary widely from company to company, industry, and region. We are committed to giving our clients the power and flexibility to meet their business objectives and helping them manage the ESG footprints of both their operations and supply chains is a key part of that."

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