The Riverside Company, a private equity firm focused on the smaller end of the middle market, has signed a definitive agreement with Vista Equity Partners (Vista) to sell ARCOS, a specialist in resource management software for utilities, airlines and other critical infrastructure industries.
The proposed transaction is expected to close in the second quarter of this year, subject to the satisfaction of customary closing conditions. Since 2005, ARCOS’ technology has helped hundreds of the largest utilities and airlines manage their crews and resources, especially in unplanned scenarios where resources are needed on short notice.
“We are proud of the work we have done with ARCOS. During our partnership, we elevated the business with innovative products and expanded reach into new industries, helping essential workers perform their mission-critical work,” says Riverside Managing Partner Loren Schlachet. “We sourced and integrated two add-on acquisitions to broaden the software platform and positioned ARCOS to become a leading Software as a Service (SaaS) solution in North America, helping utilities respond, restore and report in real-time for critical events and emergencies even more quickly and efficiently.”
Source: Private Equity Wire
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