Ethos Capital has acquired Newforma Inc., a collaboration platform assisting companies to deliver complex architectural, engineering, and construction projects more efficiently and cost-effectively.
The Boston-based target delivers project information management and building information modeling collaboration services. The firm’s strategy allows for architecture, engineering, construction and owner stakeholders to engage in a complex ecosystem while promoting productivity.
“We’re establishing this partnership at an exciting time, as Newforma launches its enhanced cloud platform and invests in new product features,” said Gregg Monastiero, executive partner at Ethos Capital. “We believe Newforma will continue to provide immense value to users by enabling coordination and information sharing amongst industry stakeholders.”
Ethos was advised by Harris Williams LLC (exclusive financial advisor) and Kirkland & Ellis LLP (legal advisor). Newforma was advised by Aeris Partners LLC (exclusive financial advisor) and Cooley LLP (legal advisor).