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New Deal


Announced

Completed

Trive-backed Forward Slope completed the acquisition of Soar Technology.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Private Equity

Single Bidder

software development

Software

Majority

Private

Completed

Friendly

Domestic

Synopsis

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Trive-backed Forward Slope, a technology services company, completed the acquisition of Soar Technology, a software developer. Financial terms were not disclosed. "Through our 15-year history of partnering with Forward Slope to solve customer challenges, we have developed a deep understanding and appreciation of their complementary expertise in developing software solutions. The combined set of capabilities, talented teams and cultural alignment gave us conviction that a partnership with Forward Slope was an ideal next chapter for SoarTech. We believe that joining forces with Forward Slope will accelerate opportunities for SoarTech and allow us to solve complex DOD challenges in an agile way," Mike van Lent, SoarTech CEO.

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