January 26, 2023 – Blue River Financial Group has advised Prime Technologies, provider of Calibration Management Software (CMS), on its recent sale to TMA Systems, a portfolio company of Silversmith Capital Partners. The acquisition of Prime Technologies enables TMA to provide its clients with a robust asset calibration and maintenance management solution. The ability to calibrate critical equipment and ensure accurate compliance processes is essential for clients across various industries, including life sciences, healthcare, food and beverage, chemicals, energy, and manufacturing.

Prime Technologies, Inc. has been a global leader in the development of calibration management software for 25 years. The company’s high-level calibration domain expertise provides clients with a well-structured, data-centric software platform to improve and formalize calibration and maintenance management practices. Prime’s flagship product, ProCal Direct calibration management software improves business practices and decision making, increases productivity, reduces operational costs, and ensures regulatory compliance.

“We are excited to join forces with TMA Systems and bring our calibration management software to their already impressive suite of CMMS/EAM solutions. This acquisition allows us to accelerate the development of ProCal and PCX SaaS solutions,” said Jim Dale, CEO of Prime Technologies.

TMA Systems is a US-based leader and developer of Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management Solutions (EAMS). Worldwide, more than 1,650 TMA clients maintain over 55,000 facilities, representing 4.5 billion square feet of space. TMA is the preferred solutions provider for facility professionals due to its technologically advanced products and world-class training, professional services, and technical support.

“We are committed to providing our customers with innovative software solutions and comprehensive services to meet the most demanding calibration and asset management challenges,” said Mark Simner, CEO of TMA Systems. “The addition of Prime Technologies aligns with our mission to shrink organizational costs, optimize return on assets, and improve overall time to value.”

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, DistroKid, impact.com, Iodine Software, LifeStance Health, PDFTron, and Webflow.

“The strategic fit was obvious from the start, but the cultural fit and the strong relationships that formed quickly among the leadership team will ensure that the acquisition of Prime by TMA will deliver on its promise,” said Bryan Berent, Managing Partner at Blue River.


Bryan Berent
Managing Partner


About Blue River

Blue River Financial Group is a middle market merger and acquisition advisory firm headquartered in Bloomfield Hills, Michigan. It assists corporations, private equity groups and individuals in the sale and acquisition of businesses, and has completed assignments in multiple business segments. With over 20 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations, and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.

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