Harris Williams & Co. Advises Community Investors, Inc. on its Sale to CIP Capital
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Community Investors, Inc. (CII), a leading provider of SaaS-based solutions into the homeowner association and community management markets, to CIP Capital (CIP). Harris Williams & Co. served as the exclusive advisor to CII, a portfolio company of K1 Investment Management, LLC (K1). The transaction was led by Mike Wilkins, Erik Szyndlar and Camille Ashley of Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group.
“We are thrilled to have represented CII and its shareholders in this transaction. The management team and K1 have done an exceptional job building the company into an industry leader and a strong platform for continued growth,” said Mike Wilkins, a managing director at Harris Williams & Co. “Working with CIP will allow CII to continue its impressive track record.”
Erik Szyndlar, a director at Harris Williams & Co., added, “CII is well positioned to capitalize on the trend of increasing adoption of software and technology solutions by the community and property management markets given its current market leadership and comprehensive suite of solutions. We fully expect to see continued growth as the company further penetrates its sizable addressable market and expands its portfolio of solutions.”
CII is a software-as-a-service (SaaS) system of record for the residential real estate industry. The company’s products automate information access, work processes, internal and external communication, time and expense tracking, vendor management, board requests, homeowner requests, delivery tracking, visitor management, security and other functions. CII is headquartered in Denver, Colorado.
K1 is a West Coast-based venture capital firm investing in high-growth private companies across North America. The firm seeks to help dynamic businesses achieve successful outcomes by identifying and executing organic and acquisition-based growth opportunities that can position their companies as industry leaders. Their team members have been investing in software companies for over 20 years. K1 typically invests alongside strong management teams that continue to guide their organizations on a day-to-day basis.
CIP Capital is a private equity firm focused on investing in growth-oriented, middle-market companies across the Business Information and Technology-Enabled Services markets in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, proprietary content and value-added outsourced technology services. Targeted sectors for investment include: technology-enabled services, B2B information management, marketing services and knowledge services.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s TMT Group advises leading private and public companies, entrepreneurs, private equity firms and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, public sector and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.