M&A Deal Summary

Bentley Acquires Power Line Systems

On November 16, 2021, Bentley acquired software company Power Line Systems from TA Associates for 700M USD

Acquisition Highlights
  • This is Bentley’s 26th transaction in the Software sector.
  • This is Bentley’s 2nd largest (disclosed) transaction.
  • This is Bentley’s 12th transaction in the United States.
  • This is Bentley’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2021-11-16
Target Power Line Systems
Sector Software
Buyer(s) Bentley
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 700M USD
Advisor(s) Lazard Ltd. (Financial)
Goodwin Procter (Legal)

Target

Power Line Systems

Madison, Wisconsin, United States
Power Line Systems is a provider of software for the design of overhead electric power transmission lines and their structures. Its concentrated focus from the outset has been ever-improving engineering tools for overhead power line structures, earning the supportive confidence of transmission engineers as the industry standard of best practice throughout the U.S., increasingly across Europe, and opportunistically in Asia. The company's software can advantageously bring transmission-grade sophistication to broader applications in overhead distribution and in the communications grid which to deliver the more intensive reach of 5G increasingly includes newly shared towers and poles. Power Line Systems was formed in 1984 and is based in Madison, Wisconsin.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Bentley

Exton, Pennsylvania, United States
Category Company
Founded 1984
Sector Software
Employees5,200
Revenue 1.2B USD (2023)
DESCRIPTION

Bentley is a software development company that supports the professional needs of those responsible for creating and managing the world’s infrastructure, including roadways, bridges, airports, skyscrapers, and industrial and power plants, as well as utility networks. Bentley delivers solutions for the entire lifecycle of the infrastructure asset, tailored to the needs of the various professions: the engineers, architects, geospatial professionals, planners, contractors, fabricators, IT managers, operators, and maintenance engineers: who will work on and work with that asset over its lifetime. Comprised of integrated applications and services built on an open platform, each solution is designed to ensure that information flows between workflow processes and project team members to enable interoperability and collaboration. Bentley was founded in 1984 and is based in Exton, Pennsylvania.

DEAL STATS #
Overall 35 of 41
Sector (Software) 26 of 32
Type (Add-on Acquisition) 34 of 40
State (Wisconsin) 1 of 1
Country (United States) 12 of 17
Year (2021) 9 of 10
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Aarhus GeoSoftware

Aarhus, Denmark

Aarhus GeoSoftware develops the software packages AGS Workbench, SPIA, Res2DInv, and Res3DInv for the processing, inversion, and visualization of geophysical data from ground-based and airborne electromagnetic (EM), electrical resistivity tomography (ERT) remote sensing, and other sources. Aarhus GeoSoftware is based in Aarhus, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 AR2Tech

Denver, Colorado, United States

AR2Tech provides software and solutions for conditional simulation and estimation models of complex orebodies. AR2Tech was founded in 2010 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 243 of 255
Sector (Software) 53 of 55
Type (Add-on Acquisition) 126 of 130
State (Wisconsin) 2 of 2
Country (United States) 200 of 206
Year (2021) 14 of 16
Size (of disclosed) 19 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Ideal Cures

Mumbai, India

Ideal Cures is a manufacturer and exporter of pharmaceutical excipients and ready-to-use coating systems for solid oral dosage forms. Ideal Cures has EXCiPACT certified cGMP manufacturing plants located in Vasai, Jammu, and Khambat and R&D facilities in Mumbai and Vasai. The product portfolio comprises of INSTACOAT ready-to-use film coating systems, INSTANUTE coating technology for nutraceuticals and dietary supplements, ECOPOL range of Pharma Acrylic Polymer’s, ECO COOL brand of cooling compounds, ESPHERES range of sugar, microcrystalline cellulose, silicon dioxide, calcium carbonate, and tartaric acid spheres. Ideal Cures was founded in 1999 and is based in Mumbai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 VitalEdge Technologies

Cary, North Carolina, United States

VitalEdge Technologies is a global enterprise software provider for the equipment, heavy truck, and rental industries. The company is exclusively focused on the Industrial Machinery and Equipment (IM&E) domain, providing services to dealers and rental companies, including several Fortune 500 customers. The e-Emphasys Dealer Management Platform incorporates a full suite of best-in-class technology including Business Intelligence and Reporting, CRM, Mobile Field Service Applications, Inspection Applications, eCommerce Customer Portals, RFID, Artificial Intelligence, IoT and Telematics. VitalEdge Technologies was founded in 2001 and is based in Cary, North Carolina.

Buy -
Mergr

Product

Company

Legal