BOSTON, MA and SAN FRANCISCO, CA (July 14, 2025) – Aeris Partners is pleased to announce that Technical Toolboxes (the “Company”), a market-leading provider of cloud-based pipeline integrity, engineering and compliance software to the midstream energy infrastructure market, has received a strategic growth investment from BVP Forge.
Aeris Partners served as the exclusive financial advisor to Technical Toolboxes and Hammond, Kennedy, Whitney & Company, Inc. (“HKW”).
Technical Toolboxes is the trusted provider of pipeline integrity SaaS solutions to the world’s largest and most complex pipeline operators, utilities and service providers. The Company’s platform drives critical day-to-day workflow across pipeline construction, maintenance and repair – providing improved regulatory compliance, reduced risk and more accurate and efficient operations.
“Increasing energy demand driven by large data centers investments and AI, coupled with an aging energy infrastructure, is driving the need for technology solutions to increase efficiency and compliance across the energy market.” said Rahul Swani, Managing Director at Aeris Partners. “Technical Toolboxes’ SaaS platform is the industry standard for pipeline integrity and compliance and is well-positioned to capitalize on strong market tailwinds in the broader energy market. It was a pleasure to advise Technical Toolboxes and HKW on the transaction, and we are truly excited for the Company’s next phase of growth.”
“Technical Toolboxes’ solutions deliver highly complex engineering calculations and analysis essential for maintaining critical pipeline infrastructure, while maximizing engineer productivity, improving analytical accuracy, reducing operational risk, and ensuring regulatory compliance.” said Connor Boehm, Director at Aeris Partners. “The Company is well-positioned to build on its strong foundation, and we are thrilled that Technical Toolboxes has found a great new partner in BVP Forge to help them execute on the opportunities ahead.”
About Technical Toolboxes
Technical Toolboxes is a leading software platform for the energy infrastructure industry. Founded in 1996, it serves more than 400 leading operators, utility companies, and service providers globally today with critical engineering solutions across the asset lifecycle. Technical Toolboxes helps customers meet industry challenges by reducing operational risk, maintaining compliance, and standardizing internal processes through digital transformation. Technical Toolboxes is the technology partner of the Pipeline Research Council International (PRCI).
About BVP Forge
BVP Forge is a private investment firm for growth-oriented, self-sustaining software-enabled and services businesses paired with access to the Bessemer Venture Partners platform. BVP Forge combines BVP’s front-line industry insights, proven growth IP, and legendary executive network with tailored resources for self-sustaining companies and ForgeEdge™ strategic resources. Mission-driven teams gain an ally who values their expertise, respects their legacy, and supports them to build a winning culture and business that withstands the test of time. BVP Forge invests from a $780M fund in partnership with the $19B+ Bessemer Venture Partners venture platform that has backed industry defining businesses such as LinkedIn, MindBody, PagerDuty, Procore, ServiceTitan, Shopify, Toast, and Twilio.
About HKW
HKW is a middle-market private equity firm investing in companies with talented management teams in the US and Canada. HKW targets basic industrial manufacturing, distribution and business services companies including IoT/telematic and tech-enabled businesses where innovation is driving growth. Since 1982, HKW has sponsored 70 platform transactions of middle-market companies throughout North America and 78 add-on acquisitions.
About Aeris Partners
Aeris Partners, a leading boutique investment bank with offices in Boston and San Francisco, provides premium strategic M&A advisory services to best-in-class software, Software-as-a-Service (SaaS), data & analytics, private equity, and venture capital firms spanning a range of high-growth vertical markets, including healthcare (HCIT); pharma (PharmaTech); government (GovTech); education (EdTech); architecture, engineering and construction (AECO); financial technology (FinTech); energy & power (EnergyTech); and supply chain, 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 $40 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.
