M&A Deal Summary

GoEngineer Acquires Computer Aided Technology

On August 25, 2022, GoEngineer acquired software company Computer Aided Technology from CIVC Partners

Acquisition Highlights
  • This is GoEngineer’s 2nd transaction in the Software sector.
  • This is GoEngineer’s 2nd transaction in the United States.
  • This is GoEngineer’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-08-25
Target Computer Aided Technology
Sector Software
Buyer(s) GoEngineer
Sellers(s) CIVC Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Computer Aided Technology

Buffalo Grove, Illinois, United States
Computer Aided Technology is a provider of 3D design and engineering solutions across the product development continuum, including 3D CAD, 3D CAE, PDM and PLM software, 3D printing and scanning hardware, and other related technologies and consulting, training and support services. Computer Aided Technology was founded in 1992 and is based in Buffalo Grove, Illinois.

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Buyer(S) 1

Buyer

GoEngineer

Cottonwood Heights, Utah, United States

Category Company
Founded 1984
Sector Software
DESCRIPTION

GoEngineer delivers software, technology, and expertise that enable companies to unlock innovation and deliver better products faster. With more than 35 years of experience and tens of thousands of customers in high-tech, medical, machine design, energy, and other industries, GoEngineer provide best-in-class design solutions from SOLIDWORKS, Stratasys, CAMWorks, Creaform, and Oracle’s Agile PLM. GoEngineer was established in 1984 and is based in Cottonwood Heights, Utah.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-09 SolidWorks 3D CAD Software

United States

Buy -

Seller(S) 1

SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.


DEAL STATS #
Overall 47 of 49
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 14 of 14
State: Illinois M&A 7 of 7
Country: United States M&A 46 of 48
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Innovate

Calabasas, California, United States

Innovate is a provider of tech-enabled survey and sampling services to market research agencies, consulting firms, and corporations. The company focuses on enhancing the quality of its clients’ market research by using its proprietary software, deep respondent sourcing, and screening expertise, and client service model to provide insights professionals timely access to high quality, unique survey respondent populations. Innovate was founded in 2014 and is based in Calabasas, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-31 OTR

Chicago, Illinois, United States

OTR is a technology-enabled freight broker that delivers exceptionally high levels of service to customers across North America through a proprietary technology suite and network of dependable carrier partners. The Company provides a full suite of services, including refrigerated, dry van, power only, drop trailer, and cross border, among others. OTR is headquartered in Chicago, Illinois.

Buy -