M&A Deal Summary

Hale Capital Partners Acquires Athenium

On November 6, 2024, private equity firm Hale Capital Partners acquired software company Athenium from Weather Analytics

Acquisition Highlights
  • This is Hale Capital Partners’ 2nd transaction in the Software sector.
  • This is Hale Capital Partners’ 10th transaction in the United States.
  • This is Hale Capital Partners’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2024-11-06
Target Athenium
Sector Software
Buyer(s) Hale Capital Partners
Sellers(s) Weather Analytics
Deal Type Divestiture

Target

Athenium

Waltham, Massachusetts, United States
Athenium is a provider of risk and quality management solutions, offering advanced analytics software to optimize performance and manage risk. Athenium was founded in 1997 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Hale Capital Partners

New York, New York, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Hale Capital Partners is a small, private investment firm focused on minority or control investments in publicly-held companies or their subsidiaries. The Firm looks to partner with management when pursuing opportunities and generally targets 'under-appreciated' companies where there's an ability to grow with existing products/services or through acquisitions. Hale Capital Partners was found in 2007 and is based in New York City.

DEAL STATS #
Overall 10 of 10
Sector (Software) 2 of 2
Type (Divestiture) 1 of 1
State (Massachusetts) 2 of 2
Country (United States) 10 of 10
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Culmen International

Alexandria, Virginia, United States

Culmen International is a provider of a large portfolio of technical and management services, develop innovative technology solutions, and deliver youth care services, logistics, training and language services. The company is committed to enhancing global security, strengthening homeland defense, optimizing government operations and providing humanitarian assistance around the world. Culmen International was founded in 2004 and is based in Alexandria, Virginia.

Buy -

Seller(S) 1

SELLER

Weather Analytics

Washington, District of Columbia, United States
Category Company
Founded 2012
Sector Software
DESCRIPTION

Weather Analytics helps insurance companies, businesses and organizations impacted by the weather see weather differently with decision-support solutions. With 36+ years of historical, gap-filled data and robust 7 day forecasts, Weather Analytics excels at mitigating risks through weather forensics, modeling and risk analysis, and alerting tools for markets such as government, insurance, and agriculture.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Athenium

Waltham, Massachusetts, United States

Athenium is a provider of risk and quality management solutions, offering advanced analytics software to optimize performance and manage risk. Athenium was founded in 1997 and is based in Waltham, Massachusetts.

Buy -
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