Description of Transaction
Sequeira Partners was engaged by the shareholders of Ontracks Consulting to assist them in pursuing a transaction with a best-fit partner to support future growth. The sale to Bentley/Cohesive will enable Ontracks next phase of growth, providing opportunities for all stakeholders while expanding their scope and capacity to help users drive their digital transformation.
The Sequeira team provided advisory assistance throughout the transaction including negotiating preliminary and final deal terms, advising on transaction structure and consideration, as well as assisting with due-diligence and other pre-closing matters.
Ontracks is a leading implementer of IBM’s Enterprise Asset Management product Maximo and an operational improvement firm, working with clients around the world to improve their operational performance. Ontracks focuses on delivering enterprise implementations and helping clients realize tangible and sustainable operational improvements.
The Cohesive Companies form a wholly owned but independently operated business unit of Bentley (Nasdaq: BSY, the infrastructure engineering software company www.bentley.com). The Cohesive Companies provide advisory, systems integration, and technology strategies and services to help infrastructure owner-operators advance their BIM, enterprise asset management (EAM), and asset lifecycle information (ALIM) environments through performance digital twins.
Bentley Systems, Incorporated is an American-based software development company that develops, manufactures, licenses, sells and supports computer software and services for the design, construction, and operation of infrastructure.