Investment Summary

TA Associates Invests In PowerGEM

On March 13, 2024, private equity firm TA Associates invested in business services company PowerGEM

Investment Highlights
  • This is TA Associates’ 13th transaction in the Business Services sector.
  • This is TA Associates’ 262nd transaction in the United States.
  • This is TA Associates’ 22nd transaction in New York.

Investment Summary
Date 2024-03-13
Target PowerGEM
Sector Business Services
Investor(s) TA Associates
Deal Type Growth Capital

Target

PowerGEM

Clifton Park, New York, United States
PowerGEM is a provider of simulation modeling software and technical services for the electric power industry. The company's power systems transmission reliability & market simulation software products serve over two hundred North American power systems stakeholders. Its software is utilized by grid operators, including many U.S. ISOs and electric utilities, generation/transmission developers & engineering firms to assess electric transmission grid reliability, as well as the technical & economic impacts of transmission congestion in competitive U.S. electricity markets. PowerGEM was formed in 2000 and is based in Clifton Park, New York.

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Investor(S) 1

Investor

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 361 of 364
Sector (Business Services) 13 of 13
Type (Growth Capital) 133 of 133
State (New York) 22 of 22
Country (United States) 262 of 263
Year (2024) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 AGA Benefit Solutions

Westmount , Quebec, Canada

AGA Benefit Solutions develops and administer tailor-made group insurance plans. AGA Benefit Solutions was founded in 1978 and is based in Westmount, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-21 SER Group

Bonn, Germany

SER Group is a European enterprise content management solutions (ECM) software company. SER began as a provider of electronic archiving and has grown into a supplier of state-of-the-art ECM solutions to companies throughout Europe. SER Group was founded in 1984 and is headquartered in Bonn, Germany.

Buy -
Mergr

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