M&A Deal Summary

TriMech Solutions Acquires Solid Solutions Group

On June 27, 2022, TriMech Solutions acquired software company Solid Solutions Group from Lloyds TSB Development Capital

Acquisition Highlights
  • This is TriMech Solutions’ 6th transaction in the Software sector.
  • This is TriMech Solutions’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-06-27
Target Solid Solutions Group
Sector Software
Buyer(s) TriMech Solutions
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition

Target

Solid Solutions Group

Warwickshire, United Kingdom
website
Solid Solutions Group is a provider of engineering software solutions like 3D CAD software, simulation software to test and validate design, draft sight 2D CAD, and SolidCAM. Solid Solutions Group was founded in 1998 and is based in Warwickshire, United Kingdom.

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Buyer(S) 1

Buyer

TriMech Solutions

Glen Allen, Virginia, United States

website


Category Company
Founded 1998
Sector Software
DESCRIPTION

TriMech Solutions is a provider of computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, implementation, and staff augmentation services to customers across a variety of industries. TriMech was founded in 1998 and is based in Glen Allen, Virginia.


DEAL STATS #
Overall 8 of 8
Sector (Software) 6 of 6
Type (Add-on Acquisition) 5 of 5
Country (United Kingdom) 1 of 1
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Compumachine - Mastercam Businesses

Danvers, Massachusetts, United States

Compumachine's Mastercam Businesses is a CAM software used globally in a variety of industries.

Buy -

Seller(S) 1

SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.


DEAL STATS #
Overall 182 of 188
Sector (Software) 16 of 16
Type (Add-on Acquisition) 88 of 90
Country (United Kingdom) 176 of 182
Year (2022) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Cleveland Containers

Stockton-on-Tees, United Kingdom

Cleveland Containers is a supplier of shipping containers. Cleveland Containers is based in Stockton-on-Tees, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Aqualisa Products

Kent, United Kingdom

Aqualisa Products is the designer and manufacturer of a range of digital, mixer and electric showers and accessories. Aqualisa Products was founded in 1976 and is based in Kent, United Kingdom.

Sell -