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Sentinel Portfolio Company Trimech Acquires Solid Solutions Group

Jun 28, 2022•about 3 years ago

Acquiring Company

TriMech

Acquired Company

Solid Solutions Group

SoftwareSoftware

Description

TriMech, a portfolio company of Sentinel Capital Partners, today announced its acquisition of Solid Solutions Group ("SSG"), a leading provider of 3D computer-aided design ("CAD") software and services in the United Kingdom and Ireland. Sentinel, a private equity firm that invests in promising midmarket companies, acquired TriMech, also a leading provider of 3D CAD software and services in the United States, in March 2022. Sentinel provided significant follow-on equity financing to support the SSG add-on acquisition. Terms of the Solid Solutions Group acquisition were not disclosed.

Company Information

Company

TriMech

About

Founded in 1998 and headquartered in Richmond, VA, TriMech is a leading technology and business solutions partner for designers, engineers, and manufacturers. It works with leading software and hardware partners, including Dassault Systèmes, Stratasys, and Artec, and its experts provide computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, implementation, and staff augmentation services for clients across a variety of industries. Its tools support 3D modeling, simulation, virtual replication, and collaboration, as well as data management, configure-price-quote automation, product lifecycle management, and enterprise resource planning. The company has 37 locations across the central and eastern U.S. and Canada and serves more than 15,000 active clients. For more information, please visit www.trimech.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed