Turn/River Capital completes $4.4 billion take-private of SolarWinds

On April 16, 2025, SolarWinds announced that Turn/River Capital had completed its acquisition of the company in an all-cash transaction valued at about $4.4 billion. SolarWinds stockholders received $18.50 per share in cash, and the company's stock stopped trading on the New York Stock Exchange, making SolarWinds privately held. The two sides had signed the merger agreement on February 7, 2025.

SolarWinds, based in Austin, Texas, makes observability, IT monitoring and management, and service desk software for hybrid and multi-cloud environments. At the closing, president and CEO Sudhakar Ramakrishna said Turn/River's expertise would help the company drive innovation for customers. Turn/River partner Matthew Amico said the firm planned to invest further in product innovation, building on SolarWinds' recent launches that combine observability, incident response, service management and AI-powered automation.

SolarWinds, "Turn/River Completes Acquisition of SolarWinds", April 16, 2025 (Business Wire)

SolarWinds, "SolarWinds to Be Acquired by Turn/River Capital", February 7, 2025 (Business Wire)