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Utility Cloud

The Deal

Bought By
Dan Calano
Year
Not published by any primary source
The index host prints its own 2019 investment year, which is the backer's date; a second backer prints the same year as its own; the acquirer's release dates the sale and not the purchase; two more backers list the company with no year.
Vehicle
Backed by Pacific Lake Partners, Endurance Search Partners, WSC & Company, Aspect Investors and Trilogy Search Partners
Kind
Software

A Salem, New Hampshire software company whose asset-management platform runs data, work, safety and compliance for water, wastewater, power and gas utilities.

What Happened Next

Sold in September 2022 to AMCS, which announced the purchase from its own newsroom; the index host names him chief executive beside its 2019 investment and records its own exit, and three more backers list the company.

Bought at exit by AMCS Group, whose page carries that firm's own announcement of it.

Backed by the Same Firms

Pacific Lake Partners

Endurance Search Partners

WSC & Company

Aspect Investors

Trilogy Search 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.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The index host names him as chief executive beside its 2019 investment and records its own exit; the acquirer's own release names the company it bought; three more backers list it. Nothing says he bought it.