Prometheus Group Acquires MobilOps from Turner Industries Group
12.15.23
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Simpson Thacher represented Prometheus Group, a portfolio company of Genstar Capital, in connection with its acquisition of MobilOps from Turner Industries Group. The transaction closed on November 30, 2023. The financial terms of the transaction were not disclosed.
MobilOps is an integrated plant management and field operations software suite designed specifically for use in large industrial plant operations such as petrochemical and manufacturing facilities. Prometheus Group will integrate MobilOps into its comprehensive suite of enterprise asset management software solutions. The acquisition will enable Prometheus Group to enhance its product features and expand its customer base.
The Simpson Thacher team included Michael Kaplan and Kristin Rulison (M&A); Lori Lesser and Corina Holland (Intellectual Property); and Sophie Staples and Lina Pan (Tax).