Banyan Software Acquires HWA International Inc.

June 30, 2021

Banyan Software, a permanent-capital acquirer of niche enterprise software businesses, has acquired HWA International Inc., a Memphis-based provider of trust accounting software. The deal transfers control from HWA CEO Harry Sullivan to Banyan, preserving the business for the founder’s eventual retirement while positioning HWA for continued investment and growth.

Buyers
Banyan Software, Inc.
Targets
HWA International Inc.
Sellers
Harry Sullivan (CEO, HWA International)
Industry
Software
Location
Tennessee, United States
Transaction Type
Buyout

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