GAINESVILLE, Fla. (July 17, 2024) — Infotech, a provider of infrastructure construction software solutions, was acquired 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. Additionally, Will McClave will remain as Infotech CEO.
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 LLC served as exclusive financial advisor and Driver, McAfee, Hawthorne & Diebenow served as legal counsel to Infotech for the transaction.
Visit infotechinc.com and diversis.com.
