Announced
Completed
Financials
Tags
United States
computer-aided design
Majority
Software
Private Equity
Single Bidder
Private
Friendly
engineering software
Acquisition
Completed
Synopsis
Halifax, a private equity firm, completed a majority investment in TriMech, a provider of computer-aided design and engineering software, of McCarthy Capital. Financial terms were not disclosed. TriMech's founder, Steve Pelham, and the company's management team will continue to lead the company after the transaction. "Engineers across organizations, from global multinationals to local firms, are counting on great partners like TriMech to help them employ increasingly complex software applications and products. TriMech is filling a crucial need in the knowledge economy, and we are pleased to partner with this impressive TriMech team as they build on their proven approach to ensuring their customers' success," David Bard, Halifax Managing Director.
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