ENGINEERING TECH
Globenewswire | May 22, 2023
ReliaQuest, a force multiplier of security operations, announced the acquisition of agent software assets and the associated engineering team from EclecticIQ.
This acquisition will add both speed and capability to GreyMatter’s rapidly growing list of bilateral integrations for greater automation of detection, investigation, and response. With more than 80 integrations today, this will not only enhance the capability of the current integrations but allow ReliaQuest to rapidly grow new integrations, quickly responding to new and emerging technologies.
“We know how important it is that security teams can access actionable data quickly so they can help drive outcomes for their business,” said Brian Murphy, ReliaQuest founder and CEO. “When combined with our recently announced generative AI capability within GreyMatter Intelligent Analysis, these new agent assets will allow ReliaQuest customers to drastically reduce their mean time to resolve security incidents from hours to minutes.”
Founded in 2014 with headquarters in the Netherlands, privately held EclecticIQ is a leading European cybersecurity vendor operating globally. The company has recently been named as one of 10 ‘European defense tech start-ups to watch’ by the European VC community.
“EclecticIQ empowers security teams with innovative technology to unlock the full potential of Cyber Threat Intelligence, fortifying defences and proactively mitigating risks. Like ReliaQuest, we believe strongly in open and extendable technologies. Entering into this agreement with ReliaQuest allows more organizations to benefit from the powerful agent technology we’ve built,” said Joep Gommers, founder and CEO of EclecticIQ.
About ReliaQuest
ReliaQuest is the force multiplier of security operations. Our security operations platform, GreyMatter, automates detection, investigation and response across cloud, endpoint, and on-premises tools and applications. GreyMatter is cloud native, built on an open XDR architecture and delivered as a service any time of the day, anywhere in the world. With over 700 customers worldwide and 1,000 teammates working across six global operating centers, ReliaQuest is driving outcomes for the most trusted enterprise brands in the world. We exist to make security possible. ReliaQuest is a private company headquartered in Tampa, Fla., with multiple global locations.
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ENGINEERING TECH
Businesswire | April 21, 2023
Pape-Dawson Engineers, Inc. (“Pape-Dawson”) announced today the formation of a strategic partnership with Palm Beach Capital (“PBC”). The partnership will provide growth capital to continue Pape-Dawson’s expansion within Texas and across the United States.
Pape-Dawson Engineers will continue as the majority owner leading the operations of the business post-close.
“Given Palm Beach Capital’s extensive experience aligning with well-respected firms in the industry, we look forward to partnering with them as we expand into a national engineering firm with a broader mix of high-quality service offerings," said Pape-Dawson President, Gene Dawson, P.E.
“Our core operational philosophy is centered around our culture, our employees, and our communities,” said Pape-Dawson CEO, Sam Dawson, P.E. “As we expand, we will be looking to partner with engineering firms that share these values and a steadfast commitment to excellence.”
“Pape-Dawson is an established and respected leader in the industry with best-in-class civil engineers and led by an excellent management team. They have leading market positions, and there are tremendous opportunities for geographic expansion across the U.S. We are thrilled to partner with the Dawson family and the entire Pape-Dawson team to support them in this next phase of growth,” said Nate Ward, Palm Beach Capital Co-founder & Managing Partner.
About Pape-Dawson Engineers
Pape-Dawson Engineers is a leading civil engineering firm in Texas, helping to build stronger communities across the state. Since opening its doors more than 57 years ago, Pape-Dawson has delivered thousands of public and private sector projects throughout Texas providing land development, transportation, water resources, hydrology/hydraulics, surveying, environmental, and GIS services. Pape-Dawson is headquartered in San Antonio with offices in Dallas, Fort Worth, Austin, Houston, Corpus Christi, and New Braunfels.
About Palm Beach Capital
Founded in 2001, Palm Beach Capital is a middle market private equity investment firm based in West Palm Beach, Florida. Currently investing out of its sixth committed fund, the firm focuses on high growth investment opportunities and partners with management teams in management buyouts, recapitalizations and growth equity investments. Since its inception, Palm Beach Capital has made investments in 55 portfolio companies, with a focus on engineering, business services, healthcare, and transportation and logistics sectors.
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MARKETS, ENGINEERING TECH
Prnewswire | May 09, 2023
Trachte, LLC, a leading provider of highly engineered protection and control buildings with mission critical applications, today announced that it has acquired Parkline Inc., a premier manufacturer and service provider. The transaction combines the strengths of Trachte and Parkline into a leader in the U.S. protection and control buildings market with broad product offerings and a diversified end-user base.
Trachte's products and services are a critical part of protecting essential controls, equipment, and infrastructure for electric utilities, data centers, and other essential commercial and industrial customers. The transaction assures that the company's customers will have access to industry leading technology, innovative product lines, increased manufacturing capacity, and industry leading service capabilities and expertise.
"Trachte is excited to add the Parkline team, which has already established Parkline as a leading manufacturer and service provider in the data center, electric utility, energy and industrial end markets – sectors that are complementary to Trachte's existing business," said Shawn Smith, Chief Executive Officer of Trachte, LLC. "This transaction is all about growing with our customers and supporting their important priorities, such as upgrading an aging power grid, expanding data centers, and accelerating the buildout of renewable power systems."
The combined Trachte and Parkline will have manufacturing capacity in the Mid-Atlantic and Southwestern U.S., Wisconsin and Northeast Georgia. It will have a strong presence in data centers and energy and power T&D, and serve end users in a broad array of critical industries. The company will offer highly engineered, pre-manufactured protection and control buildings as well as site-built capabilities.
Bill Estep, Parkline's President and CEO, who will continue with the combined business along with other members of the Parkline senior team, said, "Our team is thrilled to become part of Trachte as we will be able to provide current and new customers with an even wider range of protection and control buildings, and integration and field service offerings to meet their complete needs."
Trachte purchased Parkline from Summit Park, which will be rolling equity into the transaction. Palladium Equity Partners, which acquired Trachte in September 2020, invested additional equity in support of the transaction.
Stephens Inc. served as financial advisor to Trachte and Palladium Equity Partners, and Livingstone Partners served as financial advisor to Parkline and Summit Park in connection with the transaction. Morrison & Foerster LLP served as legal advisor to Trachte and Palladium, and McGuireWoods LLP acted as legal advisor to Parkline and Summit Park.
About Trachte
Trachte is a leading provider of easy-deployment application-engineered protection and control buildings. Founded in 1919, the company has unparalleled experience in prefabricated structures that provide state-of-the-art environments and protection for its customers' investments in critical equipment and systems such as switchgear, battery systems, servers, and data center hardware that control and protect electrical infrastructure and equipment. Trachte's success is based on continuous technological advancement, quality improvement and mutually beneficial relationships and strategic partnerships with end users, consulting engineers, contractors, OEMs and value-added resellers. Additional information may be found at www.trachteusa.com.
About Parkline
Parkline is a leading manufacturer of highly engineered metal buildings for industrial and commercial applications. Its product portfolio consists of material only, site-erected, pre-erected, and integrated control buildings. The Company operates two strategically located manufacturing facilities in West Virginia and Texas that support customer needs throughout the U.S. Product flexibility is a key differentiator for Parkline, and the company's design and engineering team is capable of customizing floor plans to meet almost any customer specification or requirement. Parkline is headquartered in Eleanor, West Virginia. For more information, visit parkline.com.
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