M&A Deal Summary

DMI Acquires Lochbridge

On May 8, 2017, DMI acquired information technology company Lochbridge from Marlin Equity Partners

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

M&A Deal Summary
Date 2017-05-08
Target Lochbridge
Sector Information Technology
Buyer(s) DMI
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target

Lochbridge

Detroit, Michigan, United States
website
Lochbridge, Inc. is a provider of broad range of IT services for distributed, mainframe and mobile environments, and provides guidance to its customers that helps maximize the value of their technology.

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Buyer(S) 1

Buyer

DMI

McLean, Virginia, United States

website

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 3 of 7
Sector (Information Technology) 1 of 4
Type (Add-on Acquisition) 3 of 7
State (Michigan) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Golden Gekko

London, United Kingdom

Golden Gekko Ltd. is a provider of mobile application and web solutions.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 19 of 56
Sector (Information Technology) 2 of 7
Type (Add-on Acquisition) 15 of 38
State (Michigan) 1 of 1
Country (United States) 17 of 43
Year (2017) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Asentinel

Memphis, Tennessee, United States

Asentinel is a provider of Telecom Expense Management (TEM) software and complementary services that help streamline and automate fixed and mobile telecom spend. Asentinel was founded in 2002 and is based in Memphis, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Neff

Camarillo, California, United States

Neff, Inc. is an accessories and apparel company focused on the action sports youth lifestyle market. Neff is firmly established as a premier brand for action sports accessories. Neff designs and markets beanies, hats, watches, sunglasses, tee shirts, gloves and other products for the snow, skate and surf lifestyle segments.

Sell -
Mergr

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