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Meternet

The Deal

Bought By
Bryson Smith
Year
2022
Vehicle
Backed by Search Fund Partners, Pacific Lake Partners, Trilogy Search Partners, Futaleufu Partners and Applied Equity
Kind
Services

Sub-metering for homeowners' associations, apartment buildings and condominium communities, mostly across southern California: the meters that divide a master utility bill between residents, and the billing that runs off them.

What Happened Next

Operating under its searcher-CEO, with all three backers carrying it as active.

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

Backed by the Same Firms

Search Fund Partners

Pacific Lake Partners

Trilogy Search Partners

Futaleufu Partners

Applied Equity

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.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. One backer names Bryson Smith as chief executive beside an April 2022 investment; the other's table carries the same name against 2022. Neither page states a purchase, and the company's own site names no officer anywhere on it.