Investment Summary

OceanSound Partners Invests In Gannett Fleming

On January 9, 2023, private equity firm OceanSound Partners invested in engineering company Gannett Fleming

Investment Highlights
  • This is OceanSound Partners’ 2nd transaction in the Engineering sector.
  • This is OceanSound Partners’ 7th transaction in the United States.
  • This is OceanSound Partners’ 1st transaction in Pennsylvania.

Investment Summary

Date 2023-01-09
Target Gannett Fleming
Sector Engineering
Investor(s) OceanSound Partners
Deal Type Growth Capital
Advisor(s) Houlihan Lokey (Financial)
Holland & Knight (Legal)

Target

Gannett Fleming

Mechanicsburg, Pennsylvania, United States
Gannett Fleming is a privately held architecture, engineering, and construction (“AEC”) firm that offers comprehensive infrastructure solutions to a wide range of markets, including transportation, life sciences, water resources, education, industrial, federal, power, and energy. Gannett Fleming was formed in 1915 and is based in Mechanicsburg, Pennsylvania.

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Investor(S) 1

Investor

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 7 of 12
Sector: Engineering M&A 2 of 3
Type: Growth Capital M&A Deals 5 of 6
State: Pennsylvania M&A 1 of 2
Country: United States M&A 7 of 12
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Lynx Software Technologies

San Jose, California, United States

Lynx Software Technologies develops open architecture software solutions for mission-critical embedded systems in aerospace, defense, industrial, and critical infrastructure end-markets. The Company’s real-time operating system (“RTOS”), hypervisor, and related software solutions support safe, cyber-secure, high-performance, and high-reliability computing for applications requiring the strictest standards for certification and compliance. Lynx Software Technologies was formed in 1988 and is based in San Jose, California.

Buy -
FOLLOWING 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 -