Shea & Company Advises GTCR on its Acquisition of Innovative Systems
Innovative Systems Profile
- Innovative Systems is a leading platform of mission-critical enterprise software serving regional broadband providers nationwide
- Innovative Systems offers a comprehensive suite of operating and billing software systems (“OSS/BSS”), along with payment and bill processing solutions
- The Company’s integrated platform streamlines operations and billing, reducing the costs and complexities associated with integrating and maintaining disconnected point solutions
- Headquartered in Mitchell, South Dakota and founded in 1998, Innovative Systems serves broadband providers, utilities, cooperatives and municipalities across the U.S.
GTCR Profile
- GTCR is a private equity firm that invests in companies in the Financial Services, Healthcare, Technology, Media and Telecommunications and Business Services sectors
- The firm’s investment strategy is focused on finding and partnering with management teams in core markets to identify, acquire and build market-leading companies through transformational acquisitions and organic growth
- Since its inception, GTCR has invested more than $30 billion in over 290 companies, and the firm currently manages approximately $50 billion in equity capital
- GTCR was founded in 1980 and is headquartered in Chicago, IL
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Innovative Systems’ differentiated, platform-based solution sets it apart from competitors, providing a seamless operational experience for rural broadband and utility customers. We look forward to leveraging GTCR’s expertise across vertical market software, telecommunications infrastructure and payments technology, working with Scott and the rest of the senior management team to strategically expand the Company and its unique product suite, both organically and through M&A.
Stephen Jeschke
Managing Director, GTCR
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I am excited to join the talented team at Innovative Systems and continue to enhance an already mission-critical solution. I have seen how powerful this integrated platform can be, and in partnering with GTCR to invest in Innovative Systems’ technology and growth, we can help bring its solutions to more customers nationwide.
Incoming CEO
Innovative Systems
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We are proud of the success Innovative Systems achieved with Alpine, and we look forward to partnering with Scott and the GTCR team as we continue to evolve our offering and deliver high quality service for our customers.
President
Innovative Systems
Transaction Notes
- GTCR’s acquisition of Innovative Systems was announced on August 27, 2025
- Shea & Company served as financial advisor to GTCR