TechDogs-"Harris Williams Advises Ethos Capital On Its Acquisition Of Newforma"

Financial Technology

Harris Williams Advises Ethos Capital On Its Acquisition Of Newforma

By Business Wire

Business Wire
Overall Rating

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Ethos Capital LP (Ethos) on its acquisition of Newforma, a provider of project information management (PIM) software for architects, engineers, contractors, and owners worldwide. The transaction was led by Priyanka Naithani and Ryan Costa of the Harris Williams Technology Group.

“As the number of stakeholders in a construction project grows and a vast amount of data is created and utilized throughout the construction lifecycle, Newforma plays a critical role unifying project data and enabling collaboration amongst stakeholders,” said Priyanka Naithani, a managing director at Harris Williams. “It was a pleasure working with Co-CEO Erik Brooks, Partner Chris Ritchie, and the rest of the Ethos team on this transaction, and we are excited to see what Newforma accomplishes in partnership with Ethos.”

“This represents another high-profile transaction for Harris Williams in the broader architecture, engineering and construction software sector,” said Ryan Costa, a director at Harris Williams. “The sector is undergoing a period of massive investment in software and technology solutions to increase connectivity between project stakeholders, manage labor and supply-chain constraints, and ensure projects are delivered on schedule and on budget. We expect strong investor and strategic buyer interest to continue as the underlying trends across the construction and construction software sectors remain strong.”

Ethos was established to make majority and control minority investments in middle market information service companies, primarily across North America and Europe. The organization provides operational expertise to companies through a dedicated team of 17 Executive Partners. Ethos’ strategy is to add value by partnering with existing management teams to strategically enhance operations and accelerate growth.

Newforma’s industry-leading PIM software streamlines communication, manages files, and simplifies construction administration for architects, engineers, contractors, and owners. Newforma’s software reduces the amount of time spent on administrative tasks, streamlines project workflows and powers real-time collaboration for project teams. Newforma software has more than 122,000 users in more than 1,200 firms.

Harris Williams is a global investment bank specializing in M&A advisory services. Clients worldwide rely on us to help unlock value in their business and turn ambitious goals into reality. We approach every engagement with boundless collaboration, pooling expertise and relationships across industries and geographies to uncover the unique story of each company. For over 30 years, our clients have trusted us to think strategically, execute precisely, and deliver premium outcomes through M&A.

Technology is ubiquitous in today’s global economy, with most sectors and industries rapidly adopting software and data solutions as companies seek to increase competitiveness and enhance productivity. Led by seasoned and passionate professionals with strong vertical and horizontal experience, the Harris Williams Technology Group partners with both growth capital and private equity investors as well as company leaders around the globe. Our clients rely on us to navigate the ever-evolving technology M&A landscape. Our Technology Group has deep expertise across application and vertical software as well as technology and data services.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.


Contacts

Julia Moore
media@harriswilliams.com

First published on Tue, Apr 4, 2023

Enjoyed what you've read so far? Great news - there's more to explore!

Stay up to date with the latest news, a vast collection of tech articles including introductory guides, product reviews, trends and more, thought-provoking interviews, hottest AI blogs and entertaining tech memes.

Plus, get access to branded insights such as informative white papers, intriguing case studies, in-depth reports, enlightening videos and exciting events and webinars from industry-leading global brands.

Dive into TechDogs' treasure trove today and Know Your World of technology!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.

Join The Discussion

Join Our Newsletter

Get weekly news, engaging articles, and career tips-all free!

By subscribing to our newsletter, you're cool with our terms and conditions and agree to our Privacy Policy.

  • Dark
  • Light