Shields & Company is pleased to announce it advised PRICE Systems, LLC (“PRICE”) in its sale to Unison Software, Inc (“Unison”), a portfolio company of The Carlyle Group. Headquartered in Mount Laurel, NJ, PRICE is a leading expert and provider of model-based cost estimation solutions for aeronautics, space, and government organizations worldwide.
“Our customers’ mission-critical programs continue to grow more complex. PRICE Systems best practices, thought leadership and unrivaled data-driven software are the best means of managing complexity and reducing risk,” said Reid Jackson, Unison’s Chief Executive Officer.
Tony DeMarco, Chief Executive Officer of PRICE, said “Combining Unison’s enterprise software and Insight Platform with our advanced analytics, algorithms, and modeling software will deliver a host of new benefits and capabilities to leading organizations. Evan and the Shields team guided us through the sale process, managing the data preparation, negotiation, and closing of the transaction. The Shields team understood my goals and requirements for the sale of PRICE; managing the process to achieve our objectives. We are thrilled with the outcome and look forward to continued success in our future with Unison.”
“Tony and the PRICE team have created a world-class business, serving federal governments and blue-chip contractors and manufacturers, on mission-critical engagements,” said Evan Ricker of Shields & Company. Further, “We are honored to have had the opportunity to work with the PRICE team on this transaction with Unison and look forward to continued and accelerated success for the combined organizations.”
Itai Nevo and Tim Fuhriman of DLA Piper served as PRICE’s legal advisors. Sidney Glick of Cherry Bekaert LLP provided transactional accounting services to the seller.
Shields & Company acted as financial advisor to PRICE Systems in the above transaction.