M&A Deal Summary

GrayMatter Acquires HTSE

On August 23, 2022, GrayMatter acquired information technology company HTSE

Acquisition Highlights
  • This is GrayMatter’s 2nd transaction in the Information Technology sector.
  • This is GrayMatter’s 3rd transaction in the United States.
  • This is GrayMatter’s 1st transaction in Michigan.

M&A Deal Summary

Date 2022-08-23
Target HTSE
Sector Information Technology
Buyer(s) GrayMatter
Deal Type Add-on Acquisition

Target

HTSE

Portage, Michigan, United States
HTSE provides automation solutions for pharmaceutical, food and beverage, chemical and manufacturing companies. HTSE was founded in 1989 and is based in Portage, Michigan.

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Buyer(S) 1

Buyer

GrayMatter

Warrendale, Pennsylvania, United States

Category Company
Founded 1991
Sector Information Technology
DESCRIPTION

Gray Matter is a technology and consulting company, committed to transforming operations and empowering people in critical infrastructure environments. Gray Matter was founded in 1991 and is based in Warrendale, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 E-Merge Systems

Richmond, Virginia, United States

E-Merge Systems, Inc. is a preeminent industrial automation solutions provider, E-Merge has a track record of delivering continuous improvements to client processes and optimizing system performance through innovative engineering with many integration disciplines in a variety of industrial and non-industrial applications. E-Merge Systems, Inc. was founded in 1997 and is based in Richmond, Virginia.

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