M&A Deal Summary

DMI Acquires Aurotech

On April 5, 2022, DMI acquired information technology company Aurotech from OpenGate Capital

Acquisition Highlights
  • This is DMI’s 2nd transaction in the Information Technology sector.
  • This is DMI’s 3rd transaction in the United States.
  • This is DMI’s 1st transaction in Maryland.

M&A Deal Summary

Date 2022-04-05
Target Aurotech
Sector Information Technology
Buyer(s) DMI
Sellers(s) OpenGate Capital
Deal Type Add-on Acquisition
Advisor(s) G Squared Capital Partners (Financial)

Target

Aurotech

Silver Spring, Maryland, United States
Aurotech is a provider of digital services and business solutions for US federal healthcare and adjacent civilian agencies for which they design and implement information technology plans and build technology powered business tools. Aurotech was founded in 2007 and is based in Silver Spring, Maryland.

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Buyer(S) 1

Buyer

DMI

McLean, Virginia, United States

Category Company
Founded 2002
Sector Information Technology
DESCRIPTION
Digital Management's corporate headquarters in Bethesda, Maryland.
Digital Management's corporate headquarters in Bethesda, Maryland.

DMI is a global technology solutions company that specializes in digital strategy, design, transformation, and support. The company offers solutions for AI and analytics, commerce, customer experience, cloud platforms, application development, mobile, and cybersecurity. DMI was formed in 2002 and is based in McLean, Virginia.


DEAL STATS #
Overall 5 of 7
Sector: Information Technology M&A 2 of 4
Type: Add-on Acquisition M&A Deals 5 of 7
State: Maryland M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 Devgurus

Santiago, Chile

Devgurus is a cloud-native headless commerce solutions provider. Devgurus is based in Santiago, Chile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Ambit

Vienna, Virginia, United States

Ambit is a provider of data analytics, cybersecurity, and mission support services to the U.S. Government. Ambit was founded in 2004 and is based in Vienna, Virginia.

Buy -

Seller(S) 1

SELLER

OpenGate Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 24 of 36
Sector: Information Technology M&A 3 of 4
Type: Add-on Acquisition M&A Deals 9 of 17
State: Maryland M&A 1 of 1
Country: United States M&A 8 of 14
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Annex Cloud

McLean, Virginia, United States

Annex Cloud provides technology and service solutions that transform customer loyalty experiences for organizations, extending valued customer engagements, ultimately making beloved brands. Powered by the comprehensive and scalable Loyalty Experience Platform solution suite, the company's customers capture and use zero- and first-party data to seamlessly deliver value-based individualized experiences across the entire customer journey from awareness to purchase to retention, loyalty, and advocacy. Supporting its global enterprise clients. Annex Cloud was founded in 2010 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 EverZinc

Loncin, Belgium

EverZinc engages in the production of zinc chemicals with three product lines: fine zinc powders, zinc oxide, and zinc powders for batteries. Industrial operations are located in Belgium, the Netherlands, Norway, China, and Malaysia. EverZinc is based in Angleur, Belgium.

Sell -