True Wind Adds WES

Energy
Technology & Services

True Wind acquisition of WES, a portfolio company of M33 Growth


Summary

True Wind Capital (“True Wind”) has completed the acquisition of W Energy Software (“WES”), a portfolio company of M33 Growth. Terms of the transaction were not disclosed.

Baird served as financial advisor to True Wind Capital on this transaction.

About

True Wind Capital is a private equity firm focused on investing in leading technology companies. True Wind has a broad investing mandate, with deep industry expertise across software, data analytics, tech-enabled services, internet, financial technology, and hardware. Founded in 2015, True Wind has completed 10 platform investments and 20 add-on acquisitions. True Wind is headquartered in San Francisco, California.

Founded in 2009, W Energy Software is a leading provider of purpose-built ERP and commodity management SaaS solutions to the Oil & Gas sector, serving the upstream, midstream, transportation, and commodity management markets. With cloud-based and on-premises options available, WES’ fully-integrated suite provides the best end-to-end solution in the market. Faster setup, performance and reporting as well as simple upgrades leave clients more time to analyze their data and run their business. WES is headquartered in Tulsa, Oklahoma.

M33 Growth is a venture and growth-stage investment firm that partners with founders and CEOs who have successfully bootstrapped their companies to strong growth and are positioned to rapidly scale their companies and breakthrough as market leaders. With deep experience fueling sales and marketing engines, driving acquisitions, and building value through data assets, M33 Growth seeks to propel portfolio companies to succeed in their markets. M33 Growth is headquartered in Boston, Massachusetts.
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Energy
Technology & Services

True Wind acquisition of WES, a portfolio company of M33 Growth

Date
January 2022
Company
True Wind Capital
Transaction
M&A - Buyside
Sectors
Energy
Technology & Services
Verticals
Energy
Facility, Industrial, Residential & Environmental Services
Target Geography
North America
Acquiror Geography
North America

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