GTCR Acquires Innovative Systems

Alpine Investors Makes Growth Investment in Innovative Systems

January 12, 2021

Software

Alpine Investors has announced a strategic partnership and growth investment in Innovative Systems, a mission-critical enterprise software provider for independent telecommunications providers. The investment will fund product and operations expansion, support leadership transition with Alpine's CEO-in-Residence, and position Innovative Systems for broader market growth as U.S. rural broadband expands.

GTCR Makes Strategic Investment in Visionary Broadband

June 6, 2022

Telecommunications

Funds affiliated with GTCR LLC have made a strategic growth investment in Visionary Broadband, a Gillette, Wyoming-based ISP. The capital will support Visionary’s continued buildout of fiber-to-the-premise networks across Wyoming, Colorado and Montana and help meet match requirements for upcoming state-led grant programs.

Spatial Business Systems Acquires GeoSpatial Innovations, Inc.

January 2, 2026

Cloud & SaaS

Spatial Business Systems, a portfolio company of Peak Rock Capital, has acquired GeoSpatial Innovations, Inc. (GSI), a provider of distribution design and vegetation management software for the power and utility industry. The add-on acquisition, which closed January 2, 2026, expands SBS’s intelligent design platform with GSI’s cloud-based Distribution Design Studio (DDS) and mobile Forester field offerings to better serve utilities and infrastructure customers across North America and Europe.

GTCR Acquires Cisive

November 1, 2021

Staffing & HR

Chicago-based private equity firm GTCR has signed a definitive agreement to acquire Cisive, a provider of compliance-driven background screening and workforce monitoring solutions. GTCR will partner with Cisive's CEO Jim Owens and management to accelerate growth through organic initiatives and add-on M&A while investing in product expansion and service capabilities.

GTCR Acquires Concord Servicing from Inverness Graham

January 8, 2025

Financial Services

GTCR has acquired Concord Servicing, a Scottsdale-based provider of software and administration services for specialty loan servicing, from Inverness Graham. GTCR will partner with new CEO Dhruv Vakharia and plans to accelerate Concord's product and M&A-driven growth to broaden its offering across specialty lending end markets.

GTCR Invests $1.33 Billion in Tricentis

November 26, 2024

Software

GTCR has signed a definitive agreement to invest $1.33 billion in Tricentis, valuing the enterprise at $4.5 billion. Insight Partners will continue as a significant investor and will work with GTCR with equal board representation as Tricentis uses the capital to fuel growth, product innovation, and global expansion.