This is M&A deal 348 that ChannelE2E has covered so far in 2020. See the full M&A deal list here.
The acquisition provides a nearshore opportunity for Acacia Group portfolio companies, the PE firm said. Specifically, the TradeHelm team will work closely with Highmetric, a technology strategy, design and operations provider that Acacia acquired in 2019.
For Highmetric, the new partnership makes it one of the few companies of its size with an established nearshore DevOps capability. This improves its cost-effectiveness for customers and strengthens its ability to mobilize skilled resources at pace to support client projects, according to Acacia.
TradeHelm’s skills center around building teams to solve complex technology challenges for commercial clients. The company was founded over a decade ago and has gone on to support clients from across the Americas with DevOps, cloud, Quality Assurance and mobile development capabilities and managed services.
The company has more than 300 employees and works across several sectors, with a particular concentration on the financial services, retail and logistics industries. The company’s leadership team will remain on board and it will continue to operate under the TradeHelm brand for the foreseeable future, according to Acacia.
The Acacia Group Acquires TradeHelm: Executive Insight
The Acacia Group Partner Craig Dawson commented on the deal:
"These are challenging times for commercial clients of our portfolio companies. It's more important than ever that their enterprise technologies continue to deliver exceptional experiences for their customers and employees. By augmenting our design and delivery teams with TradeHelm's outstanding developer talent, we'll provide even greater value to clients as they look to achieve more with their existing systems and accelerate innovation to remain agile in the face of these economic headwinds."
TradeHelm CEO Manny Montejano said:
"We've been approached over the years by many potential investors, but there was something unique and different about the Acacia team. They offered a compelling vision of what we could achieve together, with new investment, a strong commitment to our people, and exciting technology partnerships – all within a highly collaborative culture. Working closely with Highmetric gives us access to more clients internationally, while creating significant opportunities for our people to develop skills in new areas of technology. It really is a transformational opportunity for us."