Constellation Software: Culture & M&A
Former Portfolio M&A Leader at Constellation Software
inpractise.com/articles/constellation-software-culture-and-manda
Constellation Software
Why is this company interesting?
Constellation Software is a vertical market software (VMS) serial acquirer. Founded by Mark Leonard, the company has several notable attributes: its 21 million shares outstanding have not changed since inception. It has compounded free cash flow at a 29% clip since its IPO in 2006. It has no debt, high returns on capital and maintains a rational, return-based corporate culture.
Leonard and his team are widely regarded as among the best corporate capital allocators in the world. The business itself consists of hundreds of software companies, dominant in their niches with pricing power and sticky customers.
Constellation Software: Culture & M&A(February 13, 2022)
Former Portfolio M&A Leader at Constellation Software
This executive lead global M&A for one of the fastest growing portfolios within Volaris with a focus on financial service software businesses. Through his career, he led and supported the organic and M&A based growth plans and transactions for dozens of enterprise software and professional services firms as a buyer, seller, advisor, board, management team member and as an entrepreneur.
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