Buyout (LBO, MBO, MBI) • Internet Software and Services

Aluminum Acquires TrueAbility

On July 20, 2023, private equity firm Aluminum acquired internet software and services company TrueAbility

Acquisition Context
  • This is Aluminum’s 1st transaction in the Internet Software and Services sector.
  • This is Aluminum’s 1st transaction in the United States.
  • This is Aluminum’s 1st transaction in Texas.

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M&A Deal Summary

Date July 20, 2023
Target TrueAbility
Sector Internet Software and Services
Buyer(s) Aluminum
Deal Type Buyout (LBO, MBO, MBI)

Target Company

TrueAbility

San Antonio, Texas, United States
TrueAbility is an assessment platform that enables organizations to evaluate technical skills effectively. The platform's advanced technology and comprehensive assessment tools empower companies to make informed decisions in talent acquisition, skills development, and career progression. TrueAbility was founded in 2012 and is based in San Antonio, Texas.
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Buyer Overview 1

DESCRIPTION

Aluminum is a private equity firm focused on North American and Japanese businesses in the information technology sector. The Firm has a special interest in acquiring, operating, and growing SaaS companies. Aluminum is headquartered in Fukuoka, Japan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1