CivicPlus Bolsters Platform with Beehive Acquisition
Deal News | Jan 13, 2025 | District Capital Partners (DCP)
CivicPlus, a leader in the public sector SaaS domain, has announced the acquisition of asset management and utility billing solutions from Beehive Industries, a specialized public works software company. The acquisition aims to enhance CivicPlus's technology stack, empowering clients to efficiently manage infrastructure assets and satisfy resident expectations. Beehive’s solutions offer modularity, allowing customization to meet customer-specific needs with features that improve both asset management and utility billing processes. CivicPlus's CEO, Brian Rempe, views this acquisition as pivotal in aligning with the company's vision to deliver value within their Civic Impact Platform. Beehive's CEO, Mac Rogers, echoed this sentiment, highlighting the enhanced capability to support local governments through improved management tools. District Capital Partners acted as CivicPlus's financial advisor during this transaction, further reflecting CivicPlus's commitment to leveraging its current platform to provide comprehensive solutions to over 10,000 organizations globally.
Sectors
- Software as a Service (SaaS)
- Public Sector Technology
Geography
- United States – CivicPlus serves over 340 million people and over 10,000 organizations in the U.S., indicating the geographical relevance of the acquisition.
- Canada – Some of CivicPlus's solutions are also leveraged by clients in Canada, suggesting a broader North American market presence.
Industry
- Software as a Service (SaaS) – CivicPlus and Beehive Industries operate within the SaaS industry, providing software solutions tailored to public sector needs.
- Public Sector Technology – The focus of both CivicPlus and Beehive is on delivering technology solutions for the public sector, enhancing infrastructure management and utility billing.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CivicPlus | Acquirer | Company | A leader in public sector SaaS solutions, enhancing local government services through its Civic Impact Platform. |
| Beehive Industries | Target Company | Company | Specializes in public works software, providing asset management and utility billing solutions. |
| District Capital Partners | Financial Advisor | Company | The firm served as financial advisor to CivicPlus on this transaction. |
| Brian Rempe | CEO of CivicPlus | Person | Chief Executive Officer of CivicPlus, overseeing the company's strategic growth. |
| Mac Rogers | CEO of Beehive Industries | Person | Chief Executive Officer of Beehive Industries, involved in the acquisition process. |