News | OceanSound Partners

Portfolio Company Update Transaction AnnouncementDecember 2, 2025Burns Engineering Announces Investment from OceanSound Partners

Burns Engineering, Inc. (“Burns” or the “Company”), a leading engineering solutions provider for transportation, critical infrastructure and the built environment, today announced that it has received a strategic investment from OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and highly regulated end markets. Burns’ existing leadership, management...

Portfolio Company UpdateNovember 5, 2025Netrix Acquires U.S. Managed IT Services from Ricoh USA, Inc.

Netrix Global, a leading provider of cybersecurity and digital transformation services, today announced the acquisition of the U.S.-based IT Services business (“ITS” or the “Business”) of Ricoh USA, Inc., a subsidiary of Ricoh Company, Ltd. The acquisition significantly expands Netrix’s market presence across the United States, with additional exposure across the Northeast, Mid-Atlantic, and Southeast...

Portfolio Company UpdateOctober 16, 2025Certerra Announces Acquisition of Farabaugh Engineering and Testing

Certerra, a leading provider of technology-enabled testing, inspection, and certification services for critical infrastructure, today announced the acquisition of Farabaugh Engineering and Testing (“Farabaugh”), a specialized provider of product testing, auditing, and engineering services for construction and building components with a growing footprint across the United States. This transaction expands Certerra’s Analytical Labs and Building...

Firm UpdateSeptember 25, 2025OceanSound’s Joe Benavides ‘intrigued’ by European defense

Portfolio Company UpdateMay 6, 2025Message Broadcast is Now Convey

Message Broadcast, a longtime leader in customer engagement for utilities and other highly regulated industries, today announced it has rebranded as Convey. The new name and identity reflect the company’s evolution and its vision for the future—one where intelligent workflows redefine how highly regulated industries engage with their customers. The rebrand follows the strategic combination of...

Portfolio Company UpdateApril 28, 2025Gannett Fleming TranSystems Changes Name to GFT and Appoints Mike Orth as Chief Executive Officer

Gannett Fleming TranSystems, a leading engineering and infrastructure solutions provider, today announced that it is rebranding to GFT. The new brand reflects the integration of Gannett Fleming, TranSystems, and five recently acquired businesses into a unified national platform that delivers best-in-class infrastructure consulting services to more than 5,000 public- and private-sector clients across North America....

Portfolio Company UpdateApril 22, 2025Lynx Appoints James H. Dickinson, Former Commander of U.S. Space Command, to its Board of Directors

Lynx Software Technologies, Inc. (“Lynx” or the ”Company”), a leader in foundational, open architecture software solutions for edge computing, today announced the appointment of James H. Dickinson, a retired Army general officer and distinguished military leader with extensive expertise in space, missile defense, and strategic operations, to its Board of Directors. Jim joins the board...

Firm UpdateApril 2, 2025NAIC Member Firms Surpass Fundraising Targets Despite a Challenging Market

Fundraising for private equity in 2024 proved to be an uphill battle for most. According to financial information and analytics provider S&P Global, private equity funds worldwide secured $680.04 billion last year, a 30% decrease from about $966.37 billion raised in 2023. Liquidity constraints among investors played a major role in this decline as global private equity exits fell to a five-year low of $392.48 billion, driven by a mismatch in valuation expectations between buyers and sellers. With limited cash distributions from existing fund positions, investors felt little urgency to redeploy capital, further dampening the fundraising landscape.

Portfolio Company UpdateMarch 31, 2025Gannett Fleming TranSystems Acquires Scalar Consulting Group Scalar Enhances Transportation Engineering

Gannett Fleming TranSystems, a leading provider of engineering and infrastructure solutions, has acquired Scalar Consulting Group Inc. (“Scalar”), a Florida-based firm specializing in transportation engineering and infrastructure services. The acquisition deepens Gannett Fleming TranSystems’ presence in Florida and broadens its suite of transportation and construction engineering & inspection (“CE&I”) offerings, primarily serving government agencies and commercial...

Portfolio Company UpdateMarch 27, 2025Certerra (Formerly RMA Companies) Announces Acquisition of Tierra, Inc.

Certerra, a leading provider of technology-enabled testing, inspection, and certification services for critical infrastructure, today announced the acquisition of Tierra, Inc. (“Tierra”), a highly respected geotechnical and materials engineering firm with 27+ years of experience serving government agencies and private sector clients in Florida. The addition of Tierra strengthens Certerra’s presence in the Southeast and...