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New Deal


Announced

Completed

Trive-backed Forward Slope completed the acquisition of SoarTech.

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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Private Equity

software company

Software

Acquisition

Private

United States

Domestic

Friendly

Majority

Single Bidder

Completed

Synopsis

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Trive-backed Forward Slope, a technology services company providing software and surveillance solutions to the defense industry, completed the acquisition of SoarTech, a software company. 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 Chief Executive Officer.

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