M&A Deal Summary

OceanSound Partners and Energy Impact Partners Acquire Convey

On April 11, 2024, private equity firms OceanSound Partners and Energy Impact Partners acquired software company Convey

Acquisition Highlights
  • This is OceanSound Partners’ 2nd and Energy Impact Partners’ 1st transaction in the Software sector.
  • This is OceanSound Partners’ 9th and Energy Impact Partners’ 7th transaction in the United States.
  • This is OceanSound Partners’ 1st and Energy Impact Partners’ 2nd transaction in Colorado.

M&A Deal Summary

Date 2024-04-11
Target Convey
Sector Software
Buyer(s) OceanSound Partners
Energy Impact Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Convey

Denver, Colorado, United States
Convey is a provider of customer engagement software for electric utilities and other highly regulated industry sectors. Convey's software solutions drive increased customer satisfaction, operational efficiency, self-service, and conversion across several communication channels and critical use cases, including power outages, payments, and energy efficiency. Convey was founded in 1998 and is based in Denver, Colorado.

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Buyer(S) 2

Buyer

OceanSound Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

OceanSound Partners is a private equity firm that makes control investments in technology and technology-enabled services companies serving government and enterprise end markets. The Firm seeks situations where it can be a hands-on investor, helping partner companies with its experience in supporting growth initiatives. OceanSound Partners was formed in 2018 and is based in New York, New York.


DEAL STATS #
Overall 9 of 12
Sector: Software M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
State: Colorado M&A 1 of 1
Country: United States M&A 9 of 12
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 CFM

Tempe, Arizona, United States

CFM is a provider of connectivity, workflow, and analytics software solutions for over 2,500 banks and credit unions in North America. The company helps financial institutions create modern banking experiences, reduce operating costs, improve in-branch productivity, and achieve their IT modernization goals. CFM was formed in 2006 and is based in Tempe, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 PAR Excellence

Cincinnati, Ohio, United States

PAR Excellence offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. PAR Excellence was founded in 1992 and is based in Cincinnati, Ohio.

Buy -
Buyer

Energy Impact Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Impact Partners is an investment firm focused on the conversion of the energy industry towards a decarbonized, decentralized, digitized and electrified future. Energy Impact Partners was formed in 2014 and is headquartered in New York City.


DEAL STATS #
Overall 7 of 9
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
State: Colorado M&A 2 of 2
Country: United States M&A 7 of 8
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-28 TMC

Orlando, Florida, United States

TMC is an engineering company specializing in transportation planning and traffic engineering. TMC serves private clients and governmental agencies at the local, county, and state levels. TMC was founded in 2012 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 Site 20/20

Dartmouth, Nova Scotia, Canada

Site 20/20 is a technology company focused on manufacturing and servicing hardware and software solutions for the traffic control and road construction industries. Site 20/20 is based in Dartmouth, Nova Scotia.

Buy -