Demonstrates Union Square Advisors’ extensive platform in providing comprehensive advisory services and expertise to vertical market and construction software companies
On July 18, 2024, Union Square Advisors announced that it served as the exclusive financial advisor to Infotech, a leader in infrastructure construction software solutions, in its acquisition by Diversis Capital Management, LP, a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organizations.
Infotech was founded in 1977 and has served the infrastructure construction industry as a private company for nearly 50 years. With increased federal funding for infrastructure, leading technology providers are making significant investments to serve the growing demands for digital delivery. With Diversis, Infotech gains access to resources and expertise to accelerate product innovation that will benefit the tens of thousands of construction professionals who use AASHTOWare Project™ and Infotech’s comprehensive suite of bidding and construction management tools. Infotech will continue to be the official contractor for AASHTOWare Project and recently signed its 40th consecutive annual contract with AASHTO.
“Today is a monumental day for Infotech and our customers, and we look forward to supporting our users with the same relationship-focused mindset we have always prioritized,” said Will McClave, Infotech CEO. “As we enter the next generation of Infotech, Diversis will provide the strategic expertise and capital needed to take our products to the next level – and faster, and we are incredibly excited about what is to come.”
Diversis has a strong track record partnering with founder-run companies to help scale and extend market leadership. The Diversis team also has extensive experience in the government technology space, having invested in multiple software businesses that serve state and local governments.
“Union Square Advisors is incredibly pleased to partner with Infotech as we continue to build on our track record of advising vertical market software leaders,” said Carter McClelland, Chairman at Union Square Advisors.
For more information, read the full press release here.
