News | Page 3 | OceanSound Partners

Portfolio Company UpdateNovember 13, 2024Lynx Software Technologies Announces Acquisition of Core Avionics & Industrial

Lynx Software Technologies, Inc. (“Lynx”), a leader in foundational, open architecture software solutions for edge computing, today announced the acquisition of Core Avionics & Industrial, Inc. (“CoreAVI”). CoreAVI is the leading provider of development tools, software libraries, and deployable software packages that enable safety-critical graphics processing unit (“GPU”)-based computing, including certified graphics rendering, autonomy, and...

Transaction AnnouncementOctober 29, 2024OceanSound Partners Acquires Antenna Research Associates, a Leading Provider of Integrated Radio Frequency & Advanced Communications Solutions

OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services businesses serving government and highly-regulated enterprise end-markets, today announced the completion of its acquisition of Antenna Research Associates, Inc. (“ARA” or the “Company”), a leading provider of integrated radio frequency (“RF”) and advanced communications products to the aerospace and defense (“A&D”) end-markets. ARA’s...

Portfolio Company UpdateOctober 23, 2024SMX Awarded Competitive, Single-Award $3.2B SOCPAC Task Order on AAS ASTRO Contract

SMX®, a leader in next-generation mission support, digital transformation, and IT solutions, announced today that it has been awarded a prime contract to continue its work with Special Operations Command Pacific (SOCPAC) and its mission partners supporting the United States Indo-Pacific Command (USINDOPACOM). With an estimated value of $3.2 Billion (inclusive of option periods), the...

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 23, 2024OceanSound Eyes M&A Expansion for Par Excellence

Transaction AnnouncementSeptember 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 22, 2024Increased Scale is Table Stakes in the Changing Infrastructure Consulting Market

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...