M&A Deal Summary

Cydecor Acquires Artel

On September 18, 2024, Cydecor acquired information technology company Artel from TPG and Torch Hill Investment Partners

Acquisition Highlights
  • This is Cydecor’s 1st transaction in the Information Technology sector.
  • This is Cydecor’s 1st transaction in the United States.
  • This is Cydecor’s 1st transaction in Virginia.

M&A Deal Summary
Date 2024-09-18
Target Artel
Sector Information Technology
Buyer(s) Cydecor
Sellers(s) TPG
Torch Hill Investment Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

Artel

Herndon, Virginia, United States
Artel's corporate headquarters in Herndon, Virginia.
Artel's corporate headquarters in Herndon, Virginia.
Artel is a telecom and information technology company focused on providing a full spectrum of network management, systems/solutions integration, information assurance/homeland security, and e-commerce services. Artel was founded in 1986 and is based in Herndon, Virginia.

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Buyer(S) 1

Buyer

Cydecor

Arlington, Virginia, United States
Category Company
Sector Information Technology
DESCRIPTION

Cydecor is a veteran-owned business that delivers mission-enabling technology solutions to national security and defense agencies. The company leverages leading-edge secure systems and software development, backed by industry-leading subject matter expertise, and business intelligence to enable decision-support for ever-evolving national security challenges. Cydecor is based in Arlington, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 2

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 267 of 267
Sector (Information Technology) 8 of 8
Type (Add-on Acquisition) 94 of 94
State (Virginia) 5 of 5
Country (United States) 193 of 193
Year (2024) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 CLEAResult

Austin, Texas, United States

CLEAResult provides energy efficiency, transition, and sustainability services. The company collaborates with a diverse network of local partners to deliver world-class technology and personalized services, making it easy for commercial and industrial businesses, governments, utilities, and residential customers to reduce their energy use and greenhouse gas emissions. CLEAResult was founded in 2003 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Techem

Eschborn, Germany

Techem specializes in smart and sustainable solutions for the real estate industry, focusing on energy efficiency and decarbonization. Techem provides digital services that help reduce energy consumption, improve water management, and increase resource conservation across properties. Techem's comprehensive offerings include remote monitoring systems for heating and water, wireless smoke detectors, and solutions for enhancing energy efficiency in buildings. Techem was founded in 1952 and is based in Eschborn, Germany.

Buy €6.7B
SELLER

Torch Hill Investment Partners

Washington, District of Columbia, United States
Category Growth Capital Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Torch Hill Investment Partners LLC is a private investment firm focused on opportunities in the IT and communications sectors. The Firm looks to provide growth capital to domestic and international companies that play vital roles in supply chain integrity, defense, intelligence and civil and corporate security. Torch Hill Investment Partners was formed in 2005 and is based in Washington DC.

DEAL STATS #
Overall 8 of 8
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Virginia) 3 of 3
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Zephyr Photonics

Zephyr Cove, Nevada, United States

Zephyr Photonics, Inc. is a provider in the defense and intelligence communities providing advanced, wide-temperature, photonics technology to develop high performance, ruggedized optical interconnect solutions for harsh and demanding mission-critical applications. Zephyr Photonics was founded in 1987 and is based in Zephyr Cove, Nevada.

Sell -
Mergr

Product

Company

Legal