Press Release November 17, 2021

Bentley Systems Enters Into Agreement To Acquire Power Line Systems for $700 Million

The Private Equity team advised TA Associates and its portfolio company Power Line Systems on the definitive agreement for Bentley Systems, Incorporated (Nasdaq: BSY) to acquire Power Line Systems for approximately $700 million.

TA Associates is a leading global growth private equity firm focused on targeted sectors within the technology, healthcare, financial services, consumer, and business services industries.

Power Line Systems is a leader in software for the design of overhead electric power transmission lines and their structures.

Bentley Systems is an infrastructure engineering software company.

The Goodwin team was led by Brian McPeake, Amy Keller, Julian Landau-Sabella, Henrik Born, and Emily Goldenberg, and included Julia White, Josh Zachariah, and Nick Caro.

For more details, read the press release.