STG Acquires Brady Technologies' Commodities Business
July 21, 2022
STG, via its Allegro Fund, has acquired the commodities business (CTRM products, IP, employees and customers) of Brady Technologies. Brady Technologies — owned by Hanover Investors — will remain focused on energy trading and risk management software while STG positions the carved-out Brady Commodities as a strategic platform for product investment and international growth.
- Buyers
- STG
- Targets
- Brady Commodities (Brady Technologies' commodities business)
- Sellers
- Brady Technologies, Hanover Investors
- Industry
- Software
- Location
- United Kingdom
- Transaction Type
- Divestiture
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