World News – GB – True Wind Capital announces strategic partnership with the American Institute of Architects (AIA) and its contract documents business (ACD)

SAN FRANCISCO, October, Jan.30, 2020 / PRNewswire / – True Wind Capital, a technology-driven private equity firm, to invest alongside AIA in AIA Contract Documents, the leading provider of legal contracts Customizable Construction Industry As part of AIA, ACD has been the benchmark for legal documents and a thought leader in the construction industry for over 130 years with a heritage stretching back to 1888

Founded in 1857, AIA strives to create valuable, healthy, safe and sustainable buildings and communities It is one of the largest professional associations in the US The AIA will continue to play an important role in the future and the direction of ACD

“We are extremely excited about this opportunity,” said Executive Vice President / CEO Robert Ivy, FAIA “The construction technology industry is changing rapidly and we are delighted to partner with True Wind to continue to invest in the ACD product to generate value in the industry AIA looks forward to this long-term relationship and what the next 100 years will bring to ACD « 

As part of the new strategic partnership, Chris Anderson has been appointed CEO of ACD Chris Anderson was previously CEO of Building Systems Design, a provider of software and specification content “I am honored to work alongside the ‘AIA to take ACD to the next level, « said Anderson » AIA has a remarkable brand and reputation within the industry, and I look forward to building on the program’s successful legacy and providing additional value. to our ACD customers « 

Aaron Matto, Partner at True Wind Capital, added: « We are delighted to support AIA and Chris in this next phase of ACD’s growth and development. Our in-depth expertise in enterprise software and construction technology will help drive continued investment and innovation in the product « 

Pagemill Partners, a division of Duff & Phelps, was the exclusive financial advisor to AIA Gibson Dunn was legal advisor to True Wind Capital Blank Rome was legal advisor to AIA Audax Private Debt provided funding from unitranche debt and acted as agent and sole manager

Founded in 1857, AIA constantly strives to create valuable, healthy, secure and sustainable buildings, neighborhoods and communities Through more than 200 international, national and local chapters, AIA advocates for public policies that promote economic vitality and public well-being

The AIA provides its members with tools and resources to help them with their careers and businesses, as well as to engage civic and government leaders and the public in finding solutions to pressing issues facing our communities, institutions, nation and world Members adhere to a code of ethics and conduct to ensure the highest professional standards

True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies with a broad mandate including software, data analytics, technology services, internet , FinTech and Hardware True Wind Capital is a Value Added Partner, providing support and expertise rooted in its team’s 85 years of collective investment experience True Wind Capital Investments include, The Switch, LeadVenture, Sysnet, Transflo , OpenLending and Zix

Strategic partnership, American Institute of Architects, Construction, Finance