Sentinel Portfolio Company TriMech Acquires Solid Solutions Group
Creates a leading global engineering design solutions platform
NEW YORK, June 27, 2022 /PRNewswire/ — TriMech, a portfolio company of Sentinel Capital Partners, today announced its acquisition of Solid Solutions Group (“SSG”), a leading provider of computer-aided design (“CAD”) software and services. ) 3D in the UK and Ireland. Sentinel, a private equity firm that invests in promising mid-market companies, has acquired TriMech, also a leading provider of 3D CAD software and services in United Statesin March 2022. Sentinel provided significant follow-on equity financing to support the follow-on acquisition of SSG. Terms of the acquisition of Solid Solutions Group were not disclosed.
Based in Leamington Spa, EnglandSSG provides software, support and training to thousands of engineers, designers and manufacturing companies across the UK and Ireland. This includes the provision of SOLIDWORKS solutions (a 3D CAD application developed by Dassault Systemès), computer-aided manufacturing (“CAM”) and a complete portfolio of Dassault solutions including CATIA, its 3DEXPERIENCE platform and its complete management range. product data (“PDM”) and simulation tools. SSG’s customer base ranges from product designers, mechanical engineers and manufacturers to contractors and educational institutions, with its software supporting a wide range of products across a wide range of end markets and industries. SSG operates from 23 offices across the UK and Ireland and employs more than 250 people.
Based at Richmond, Virginia, TriMech is a provider of CAD and CAM software, additive and subtractive manufacturing solutions, as well as training, consulting, implementation and staff augmentation services associated with customers in a wide range of industries. industries. TriMech partners with leading software and hardware vendors, including Dassault Systèmes and Stratasys, across Central and East United States and Canadaand provides expert technical support to its customers through its world-class engineering staff.
“SSG is a well-established company with a strong management team that is poised for continued growth,” said Jon Gurss, Director at Sentinel. “The addition of SSG to the TriMech platform creates the most comprehensive software and services provider for SOLIDWORKS and Dassault Systemes in the Western Hemisphere. The combined global platform brings together hundreds of technical specialists from multiple countries and enhances our best support services.”
Marcel MattePresident and CEO of TriMech, said, “The acquisition of SSG expands TriMech’s capabilities to provide technology and business solutions to our global customers, including multinational corporations operating in North AmericaGreat Britain, Irelandand other parts of Europe. Customized, process-specific solutions – both within engineering departments and beyond – are becoming increasingly important, and we are now uniquely positioned to provide the best service to our customers. »
SSG is led by the CEO Alan Samsonwho said, “Joining TriMech and Sentinel is extremely exciting for our team. With this combination, we will have significant new opportunities to serve our customers and the ability to continue to grow organically and through acquisitions in European markets.
The acquisition of SSG represents an example of how Sentinel can support the global growth ambitions of its portfolio companies. TriMech is the latest example of Sentinel’s investment capabilities in the business services sector. Sentinel’s current service business portfolio includes Umbrella companiesenvironmental services company specializing in water resources and industrial hygiene; Company visionsa provider of training services to improve sales force productivity; Mobile Communications Americaa regional provider of communications solutions and services; New era technology, a global provider of managed IT services focused on collaboration and data networks; Renewa provider of cost recovery and cost containment services that provide monetary recoveries and cost reduction benefits; Total military managementa global provider of relocation services for US military and government personnel; TranSystemsa national infrastructure design and engineering services provider; TTG Imaging Solutions, a national provider of nuclear medicine and molecular imaging solutions; and UBEOa premier document management service provider.
About Sentinel Capital Partners
Sentinel specializes in buying and building medium-sized businesses in United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, retail, food and restaurant, franchise, healthcare and industrial companies. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions and structured equity investments of established businesses with an EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds and minority junior capital solutions. For more information about Sentinel, visit www.sentinelpartners.com.
About Solid Solutions Group
Founded in 1998, SSG is the leading SOLIDWORKS supplier in the UK and Ireland. SSG operates 23 offices, including the head office in Leamington Spa, England. With a primary mission to support customer excellence in the design, engineering and manufacturing industries, the SSG team offers software solutions and related training and consulting and has one of the the most certified SOLIDWORKS support teams in the world. For more information, please visit www.solidsolutions.co.uk.
Founded in 1998 and based in Richmond, Virginia, TriMech is a leading technology and business solutions partner for designers, engineers and manufacturers. It works with the best software and hardware partners, including Dassault Systèmes, CNC Software, Stratasys and Artec, and its experts provide computer-aided design and engineering software, additive and subtractive manufacturing solutions, as well as training, associated consulting, implementation and staff augmentation. services for clients in a variety of industries. Its tools support 3D modeling, simulation, virtual replication, and collaboration, as well as data management, quote setup automation, product lifecycle management, and enterprise resource planning. company. With its acquisition of Solid Solutions, TriMech has grown to more than 50 sites in four countries – United States, Canadathe UKand Ireland – serving more than 30,000 customers with more than 650 employees, including approximately 270 application engineers. For more information, please visit www.trimech.com.
Contact: Roland Tomforde
SOURCE Sentinel Capital Partners