BOSTON–(Business enterprise WIRE)–Jul 7, 2022–
GTY Engineering Holdings Inc. (NASDAQ: GTYH) (“GTY” or the “Company”), a primary provider of cloud application alternatives for the general public sector and GI Partners, a foremost non-public financial investment agency, now introduced the completion of GTY’s acquisition by an affiliate of GI Companions (alongside one another with sure affiliated entities, “GI”) for $6.30 for each share of GTY typical stock in dollars. The transaction was announced on April 29, 2022 and acquired approval from shareholders on June 30, 2022. As a result of the transaction, GTY is now a privately-held business and GTY typical stock will no lengthier be stated on any public sector. Via August 6, 2022, each general public warrant that was unexercised and exceptional instantly prior to the closing will be exercisable for $.71 for every share lined by a community warrant, in accordance with the phrases of the warrants.
About GTY Engineering Holdings Inc.
GTY brings foremost public sector engineering organizations alongside one another to accomplish a new common in stakeholder engagement and source administration. As a result of its 6 small business models, GTY presents an intuitive cloud-centered suite of alternatives for state and nearby governments, education and learning establishments, and health care companies spanning features in procurement, payments, grant management, budgeting, and permitting: Bonfire supplies strategic sourcing and procurement software to enable assured and compliant investing selections CityBase offers governing administration payment methods to link constituents with utilities and authorities businesses eCivis gives a grant management method to improve grant revenues and track general performance OpenCounter provides person-helpful program to tutorial applicants via sophisticated permitting and licensing processes Questica delivers finances preparing and administration computer software to supply on economic and non-financial strategic objectives Sherpa provides public-sector budgeting software package and consulting solutions.
About GI Partners
Established in 2001, GI Associates is a private expenditure business with above 130 workforce and workplaces in San Francisco, New York, Chicago, Greenwich, Scottsdale, and Dallas. The organization has belongings below administration totaling $35 billion and invests on behalf of main institutional traders close to the globe via its private equity, true estate, and information infrastructure approaches. The non-public fairness staff invests mostly in businesses in the health care, IT infrastructure, expert services, and software package sectors. The serious estate crew focuses largely on technology and lifestyle sciences qualities as well as other specialised forms of true estate. The data infrastructure crew invests principally in tough asset infrastructure enterprises underpinning the digital financial system. For extra information and facts, be sure to take a look at www.gipartners.com.
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Get in touch with: GTY Corporation Contacts:
877-465-3200GI Associates Contacts:
Chris Tofalli Community Relations LLC
[email protected] Robinson
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Source: GTY Engineering Holdings Inc.
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PUB: 07/07/2022 09:14 AM/DISC: 07/07/2022 09:14 AM
Copyright Company Wire 2022.