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ITpipes

The Deal

Bought By
Nader Bebawy
Year
Not published by any primary source
Neither source carries a year at all. The backer's case study is written entirely in the perfect tense, “since acquisition, Nader has focused on professionalizing the business”, and ITpipes' own company page gives no date for the change of ownership. A full-text search of Form D filings under the searcher's surname returns nothing, which for a Seattle software company is the shape a self-funded or bank-financed purchase takes rather than the shape of a failed search. The company's own news of June 29, 2023 announces his appointment as chief executive with the founder staying as president, and uses no purchase verb; a search summary's ownership claim appeared on no opened page.
Vehicle
Backed by Trilogy Search Partners, Aspect Investors, Miramar Equity Partners, Futaleufu Partners, Search Fund Partners, Highland Creek Partners and Maven Equity Partners
Kind
Software

A Seattle software company whose product collects and manages pipeline-inspection data for water, wastewater and stormwater systems.

What Happened Next

Operating under its searcher-CEO, who built out a leadership team after the purchase.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Trilogy Search Partners

Aspect Investors

Miramar Equity Partners

Futaleufu Partners

Search Fund Partners

Highland Creek Partners

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Maven Equity Partners

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.