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Shea & Company Advises Francisco Partners on its Strategic Investment in Accela

Accela Profile

  • Accela is the trusted provider of cloud solutions at the heart of government, offering a unified suite of solutions trusted by governments around the world to accelerate their digital transformation, deliver vital services and build stronger communities
  • Accela offers agile, purpose-built solutions and the power of a platform that provides users with a consumer-like experience, shares data across departments and ensures world-class security
  • Accela currently serves more than 300 million citizens worldwide
  • Accela was founded in 1999 and is headquartered in San Ramon, CA with more than 400 employees

Francisco Partners Profile

  • Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses
  • Since its launch over 20 years ago, the firm has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry
  • Francisco Partners was founded in 1999 and is headquartered in San Francisco, CA with offices in New York and London

Berkshire Partners Profile

  • Berkshire Partners is a leading private equity firm that invests in growing companies across technology & communications, government, consumer, healthcare and services & industrials
  • Since its inception, the firm has made more than 150 investments and a has a strong history collaborating with management teams to grow the companies with which it partners
  • Berkshire Partners was founded in 1984 and is headquartered in Boston, MA
Today’s investment marks another notable milestone for Accela as we aim to advance the govtech industry. This new funding and partnership with Francisco Partners kick-starts our next chapter that’s focused on elevating and expanding how we serve state and local governments. Francisco Partners’ world-class technology expertise will parlay into investments designed to further simplify and streamline the government experience, and we are pleased to have the continued strong support of Berkshire Partners as we execute our growth strategy. Our mission remains the same: to be the heart of government, vital to the expansion of innovative, growing and safe communities.

Gary Kovacs

CEO, Accela

Accela has been a foundational leader in the govtech space for decades and has demonstrated impressive double-digit growth quarter over quarter—a reflection of their strong brand reputation, competitive differentiation and unbreakable customer relationships.

Andrew Kowal

Partner, Francisco Partners

Accela’s combination of low-code cloud-based solutions on a single robust platform is transforming the digital government experience. We’ve been impressed with Accela’s industry impact for some time, and we look forward to helping them provide even more value to their government customers.

Jason Brein

Partner, Francisco Partners

Since our partnership began in 2017, we’ve seen significant growth in Accela’s ability to serve local and state agencies with increasingly essential government technology solutions.

EJ Whelan

Managing Director, Berkshire Partners

Accela’s outstanding leadership team continues to advance this industry-leading technology that helps governments better serve residents and businesses in their communities. We welcome Francisco Partners to the team and look forward to collaborating to support Accela’s growth within the rapidly advancing government technology industry.

Jon Nuger

Managing Director, Berkshire Partners

Transaction Notes

  • Francisco Partners’s strategic investment in Accela was announced on September 6, 2023; financial terms were not disclosed
  • Shea & Company served as the exclusive financial advisor to Francisco Partners on the transaction
Read The Press Release