M&A Deal Summary

LMI Acquires Clockwork Solutions

On November 1, 2019, LMI acquired information technology company Clockwork Solutions

Acquisition Highlights
  • This is LMI’s 1st transaction in the Information Technology sector.
  • This is LMI’s 3rd transaction in the United States.
  • This is LMI’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-11-01
Target Clockwork Solutions
Sector Information Technology
Buyer(s) LMI
Deal Type Add-on Acquisition

Target

Clockwork Solutions

Austin, Texas, United States
Clockwork Solutions, Inc. delivers technology solutions that maximize capital asset availability while minimizing life-cycle operations and maintenance costs. Equipment downtime is reduced, inventory is minimized and better positioned, system-wide asset availability is increased and new opportunities to improve profitability are identified. CSI has saved billions of dollars for its clients in the Aerospace & Defense, Power/Energy Production, and Process markets. Clockwork Solutions was founded in 1983 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

LMI

Tysons, Virginia, United States

Category Company
Sector Business Services
DESCRIPTION

LMI is a consulting firm dedicated to improving the management of government. With more than 1,000 consultants, we design and implement solutions to some of the toughest problems facing government managers in logistics, information technology, and resource allocation. LMI is based in Tysons, Virginia.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 The Tauri Group

Alexandria, Virginia, United States

The Tauri Group confronts national and homeland security challenges by creating innovative, multi-dimensional, and operationally relevant solutions based on deep subject-matter expertise and real-world operational experience. Their services include science and engineering advisory services, analytical studies, test and evaluation support, systems engineering, R&D program management, and strategic planning.

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