Shea & Company Advises Cloudpermit on its Investment from The Riverside Company
Cloudpermit Profile
- Cloudpermit provides a market-leading community development software, empowering local governments with its transformative community development platform that streamlines the development approval process, promotes efficiency and transparency, and improves the overall citizen experience
- Cloudpermit offers innovative solutions for building permitting, inspections, licensing, planning and zoning, and code enforcement, all within a single cloud-based platform
- Cloudpermit is largely focused on the mid-market and has built a high-velocity GTM and implementation model which has enabled rapid growth
- Cloudpermit was founded in 2011 and is headquartered in Reston, VA
The Riverside Company Profile
- The Riverside Company is a global investment firm focused on being one of the leading providers of private capital for investors, business owners and employees at the smaller end of the middle market by seeking to fuel transformative growth and create lasting value
- The Riverside Company has made more than 1,000 investments since its founding and works with companies to become a platform leader and to grow organically through new products or improving process efficiencies
- The firm was founded in 1988 and is headquartered in New York, NY
Vaaka Partners Profile
- Vaaka Partners is a Finnish private equity firm focused on investing in middle-market companies
- Vaaka Partners historically has focused on minority investing but has shifted to making investments in small and lower mid-market buyouts who play in the healthcare, SaaS, manufacturing and information technology sectors
- The firm was founded in 1989 and is headquartered in Helsinki, Finland
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We are committed to empowering local governments with our transformative community development platform, so we can drive positive change and improve citizen experience. We’re confident that The Riverside Company is an excellent choice to support us to achieve greater success and growth. This investment will enable us to broaden our impact, support countless forward-thinking communities and provide cutting-edge technology to our clients
Jan Pawli
CEO, Cloudpermit
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Cloudpermit is recognized as a market leader and innovator in the government technology sector, and the company is well-positioned to continue its rapid growth. We are eager to explore the new opportunities this investment will unlock and are committed to supporting Cloudpermit’s continued growth
Loren Schlachet
Managing Partner, The Riverside Company
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During our partnership, we anticipate expanding product offerings and establishing the foundation for new product initiatives, including adding enhanced building information modeling, artificial intelligence solutions and public works functionality for governments across the U.S., Canada and Finland
Joe Manning
Senior Partner, The Riverside Company
- Cloudpermit’s acquisition by The Riverside Company was announced on September 10, 2024; financial terms were not disclosed
- Shea & Company served as financial advisor to Cloudpermit and Vaaka Partners