M&A Deal Summary

OceanSound Partners Acquires Netrix

On August 6, 2020, private equity firm OceanSound Partners acquired information technology company Netrix

Acquisition Highlights
  • This is OceanSound Partners’ 2nd transaction in the Information Technology sector.
  • This is OceanSound Partners’ 2nd transaction in the United States.
  • This is OceanSound Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2020-08-06
Target Netrix
Sector Information Technology
Buyer(s) OceanSound Partners
Deal Type Recapitalization
Advisor(s) Raymond James - Investment Banking (Financial)
Katten Muchin Rosenman (Legal)

Target

Netrix

Bannockburn, Illinois, United States
Netrix is a provider of cloud infrastructure, collaboration, data, and development services and solutions to small and midsize enterprise customers. Through an offering spanning professional and managed services, as well as the resale of third-party hardware and software, Netrix designs, implements, and supports leading-edge, mission-critical information technology solutions. Netrix was formed in 1989 and is based in Bannockburn, Illinois.

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Buyer(S) 1

Buyer

OceanSound Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 1.8B 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 City.

DEAL STATS #
Overall 2 of 11
Sector (Information Technology) 2 of 5
Type (Recapitalization) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 11
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-17 SMX

Hollywood, Maryland, United States

SMX is a provider of next-generation IT, cloud, and ISR solutions to the Department of Defense, federal civilian, and commercial customers. The company’s core capabilities include cloud professional, managed, and resale services; ISR solutions; mission systems integration; enterprise network operations; cybersecurity; and; systems integration services. SMX is based in Hollywood, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 RMA Companies

Rancho Cucamonga, California, United States

RMA Companies delivers technology-enabled laboratory testing, inspection, and quality management services for critical public and private infrastructure assets across diverse government and commercial end markets, including transportation, healthcare, power, and water. The Company’s team of engineers, geologists, inspectors, and technicians helps infrastructure asset owners and engineering and construction companies maintain compliance with strict regulatory and operating requirements through a range of geotechnical, environmental, and materials testing services. RMA Companies was formed in 1962 and is based in Rancho Cucamonga, California.

Buy -
Mergr

Product

Company

Legal