News

Firm UpdateOctober 1, 2024OceanSound Partners Closes $1.49 Billion Fund II

OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and highly regulated enterprise end markets, today announced the final close of its second fund, OceanSound Partners Fund II, LP (the “Fund”), with $1.49 billion in total capital commitments. Together with affiliated co-investment vehicles and a single-asset continuation...

Portfolio Company UpdateSeptember 26, 2024Message Broadcast Acquires AGENT511

Message Broadcast has acquired AGENT511, a provider of customer and constituent engagement solutions for utilities and local governments. The acquisition of AGENT511, along with the earlier acquisition of i2sms in May 2024, solidifies Message Broadcast’s position as the leading provider of customer engagement software for the electric utility industry. The terms of the transaction were not disclosed. The acquisitions...

Portfolio Company UpdateSeptember 24, 2024PAR Excellence Systems Adds Former U.S. Department of Veterans Affairs Secretary Dr. David J. Shulkin to Board of Directors

PAR Excellence Systems Inc. (“PAR” or the ”Company”), a leading, end-to-end provider of automated inventory management systems (“IMS”) solutions to the healthcare industry, today announced the appointment of the Honorable Dr. David J. Shulkin to its Board of Directors. Shulkin joins the board of PAR having served as ninth Secretary of the United States Department of...

Portfolio Company UpdateSeptember 9, 2024OceanSound Partners Acquires PAR Excellence, A Leading Provider of Inventory Management Systems to the Healthcare Industry

OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and highly-regulated enterprise end-markets, today announced the acquisition of PAR Excellence Systems Inc. (“PAR” or the “Company”), a leading provider of supply chain integrity and cost management solutions to the healthcare industry from Northlane Capital Partners (“Northlane”). Northlane and PAR’s management team...

Portfolio Company UpdateAugust 7, 2024Gannett Fleming and TranSystems Complete Merger, Creating New Leader in Infrastructure Consulting, and Announce CEO Transition

Gannett Fleming, a portfolio company of OceanSound Partners (“OceanSound”) and a leading engineering and infrastructure solutions provider, and TranSystems, a provider of transportation-focused engineering and infrastructure services, today announced that they have completed a strategic merger. Together, Gannett Fleming and TranSystems (collectively, the “Company”) create a best-in-class organization with approximately $1.3 billion in revenue and...

Portfolio Company UpdateJuly 10, 2024Earth Engineers Joins RMA Companies

RMA Companies (“RMA”) today announced the acquisition of Earth Engineers, a firm specializing in geotechnical engineering, construction materials testing, and special inspection services. Based in Camas, WA, with additional offices in Springfield, OR, and Aiea, HI, Earth Engineers broadens RMA’s footprint in the Pacific Northwest and adds additional expertise in engineering and materials testing, supporting RMA’s strategy...

Transaction AnnouncementApril 11, 2024OceanSound Acquires Message Broadcast in Partnership with EIP

Message Broadcast (the “Company”), a leading provider of customer engagement software for the electric utility industry, today announced that OceanSound Partners (“OceanSound”), in partnership with Energy Impact Partners (“EIP”), has acquired the Company from LINK Mobility (OB:LINK). The acquisition enables the newly independent Message Broadcast to bolster product innovation, increase investment in sales and support resources, and deliver enhanced value...

Portfolio Company UpdateApril 3, 2024OceanSound Partners Closes $1.15 Billion Single-Asset Continuation Transaction in Partnership with Apollo S3 to Support the Continued Growth of SMX

OceanSound Partners (“OceanSound”), a private equity firm that invests in technology and technology-enabled services companies serving government and highly regulated enterprise end markets, today announced the closing of a $1.15 billion single-asset continuation fund transaction in connection with the sale of its portfolio company, SMX Group, LLC, (“SMX” or “the Company”) from OceanSound Partners Fund, LP. SMX...

Portfolio Company UpdateMarch 18, 2024Gannett Fleming Acquires Texas-Based Water & Transportation Engineering Company DEC

Gannett Fleming, a leading engineering and infrastructure solutions provider, announced today that it has acquired DEC (the “Company”), a Texas-based water and transportation engineering services provider. The acquisition will deepen Gannett Fleming’s presence in the state and allow it to serve transportation and water clients on a larger scale. Founded in 1945 and headquartered in...

Portfolio Company UpdateMarch 13, 2024Insight Group Joins RMA Companies

RMA Companies (“RMA”) today announced the addition of Insight Group, a geotechnical, environmental, and construction-materials engineering consulting firm based in Charleston, South Carolina. This addition marks a significant milestone as RMA expands in the growing Southeastern market in support of its continued strategy to establish a national platform for technology-enabled testing, inspection, and certification capabilities. Insight Group...

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