BOSTON, MA (April 4, 2023) – Aeris Partners is pleased to announce Newforma, Inc. (the “Company” or “Newforma”), a market-leading provider of project information management and collaboration solutions, has been acquired by Ethos Capital. Aeris Partners served as the exclusive financial advisor to Newforma and Battery Ventures.
Newforma provides mission-critical software solutions designed specifically for the AECO (Architecture, Engineering, Construction and Owners) ecosystem, serving over 1,200 customers worldwide. Newforma’s solutions unify disparate sources of project information into an organized system of record – enabling key AECO stakeholders to track, manage and collaborate seamlessly across different applications and platforms.
“Newforma’s information management solutions are truly best-in-class, and address the critical needs of architects and engineers throughout the lifecycle of a project,” said Garin Arevian, Managing Director at Aeris Partners. “We are thrilled Newforma has found a great, new partner in Ethos, and we are excited for the Company as it executes on its next phase of growth.”
About Newforma
Newforma provides industry-leading software for Project Information Management (PIM) that simplifies construction administration, manages files, and improves communication for architects, engineers, contractors, and owners. Newforma software has more than 122,000 users and more than 1,200 customers. For more information, visit www.newforma.com.
About Ethos Capital
Ethos Capital was established to make majority and control minority investments in middle-market companies primarily across North America and Europe. The organization, led by Erik Brooks and Fadi Chehadé, provides operational expertise to businesses through a dedicated team of Executive Partners. Ethos adds value by accelerating growth within companies and by partnering with existing management teams to strategically build and enhance operations.
About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to best-in-class software and Software-as-a-Service (SaaS) companies, private equity investors and venture capital firms spanning a range of high-growth vertical markets including architecture, engineering and construction (AECO), healthcare (HCIT), financial technology (FinTech), energy & power (EnergyTech), education (EdTech), analytics, transportation and logistics, and the public sector, among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $35 billion of M&A advisory assignments to date. For more information, please visit: www.aerispartners.com.
Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.
