Software business snapped up in trans-Atlantic deal
A global US buyer has acquired Wakefield-based software company, SSG Insight.
SSG, a provider of software solutions designed to manage and optimise enterprise asset management, has been acquired by Aptean Inc for an undisclosed sum.
Aptean, which is headquartered in Alpharetta, Georgia, and has offices in North America, Europe and Asia-Pacific, offers AI-driven enterprise resource planning solutions, helping manufacturers and distributors effectively run and grow their businesses.
Mike Edwards, CEO of SSG, said: “We are happy to join a global organisation like Aptean, where together we can continue to develop and deliver innovative enterprise asset management solutions to the market.
“The combination of our businesses offers an exciting opportunity for SSG’s future growth given our shared commitment to the long-term success of our products and customers.”
The Northern Corporate Finance team of accountancy and business advisory firm, BDO, acted as lead sell-side advisor to SSG.
It provided lead advisory M&A services to the shareholders of SSG, as well as tax and financial services. The deal team comprised of M&A partner, Jason Whitworth and Eleanor Fearne and Olly Morris.
Whitworth said: “The sale of SSG to a global leader is an excellent regional deal that not only demonstrates the opportunities that exist in the current market, but also the continued attractiveness of UK companies to overseas buyers – both trade acquirers and PE-backed businesses looking for high-growth and dynamic targets.
“We are pleased to have advised SSG – a deal that further strengthens our position in the technology sector.
“The acquisition will immediately extend Aptean’s geographical footprint in enterprise asset management and will provide exciting growth opportunities for SSG.”
Walker Morris (John Hamer, Charlotte Bontoft, Holly Ter Bruggen and Chloe Smith) were legal advisors on the deal; Gallaghers (Dan O’Connell and Stuart Bristow) provided M&A insurance services.
