Vista Equity Partners, a leading global investment firm focused on market-leading enterprise software, data and technology-enabled businesses, has made a majority investment in Arcos LLC, a provider of utility and infrastructure resource-management services. Arcos and Vista will partner to accelerate investment in hiring, drive innovation in its core products and expand its suite of offerings – solving resource management challenges for utilities and other critical infrastructure industries.
“For essential workers in industries like utilities and critical infrastructure, the ability to assess resources and respond quickly can make the difference between success and failure,” said Bruce Duff, CEO of Arcos. “With Vista’s partnership, we will continue to bring our best-in-breed technology solutions to these industries, as well as explore new areas for product expansion and help our clients continue to modernize practices and processes, so they can respond and restore services quickly. We are thrilled to have Vista’s backing as we chart our next chapter.”
“Bruce and his team have built an indispensable business by helping their customers be nimbler and more responsive in managing their resources,” said Patrick Severson, senior managing director in Vista’s Foundation Fund. “Arcos’ customers are providing power, water, gas and other essential services to people across North America, and these customers rely on Arcos to keep those services online. The Arcos team is extremely driven by this mission, and we are excited to help them have an even greater impact by investing in their people, products and customers.”
William Blair & Company and Lightning Partners served as the financial advisor to Arcos, and Harris Williams & Co. served as the exclusive financial advisor to Vista Equity Partners. Arcos management will remain meaningful shareholders of the company along with Vista Equity Partners.