Baird's Investment Banking Group is pleased to announce the following transaction:

October 2021
Recapitalization by OceanSound Partners
Technology & Services
Baird served as exclusive financial advisor to DMI, LLC on this transaction

DMI, LLC (“DMI” or “the Company”), a global digital transformation services company, today announced that it has been recapitalized by OceanSound Partners, LP (“OceanSound”).

DMI is a Maryland-based, global leader in digital transformation and managed mobility solutions for commercial and government customers. DMI offers an integrated suite of agile software development and next-gen engineering solutions that combine technical expertise, business strategy and domain specific knowledge. The Company works in close collaboration with its customers to address their complex business challenges and optimize their growth potential. DMI offers solutions for AI & Analytics, Transformation, Modern Technologies, Commerce, and Mobile. DMI has been delivering mission-critical, enterprise grade solutions since 2002 and has grown to more than 2,100 employees and 26 offices worldwide serving Fortune Global 1000 companies as well as government agencies at the Federal and state levels.

OceanSound’s recapitalization of DMI illustrates the following buyer priorities in Technology & Services M&A: digital transformation as a priority growth market; a strong brand working with marquee clientele helping them achieve their critical technology modernization objectives; and ongoing private equity interest in the technology-enabled services sectors.

OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth.

For additional information about this transaction, please contact:

Jean Stack +1-703-394-1831
John Song +1-703-394-1832
Alex Sevilla +1-703-394-1833