Greater Sum Ventures Acquires Majority Stake in Utility Associates, Inc.
November 13, 2023
Greater Sum Ventures (GSV) has made a majority investment in Utility Associates, Inc., a Decatur, Georgia–based provider of digital evidence management, body-worn and in‑car video systems for law enforcement and first responders. Prior backer Hicks Holdings LLC will remain a minority investor and PSG Equity joins as a new minority investor; the capital will be used to accelerate product innovation and growth.
- Buyers
- Greater Sum Ventures, PSG Equity, Hicks Holdings LLC
- Targets
- Utility Associates, Inc.
- Industry
- Government & Public Sector
- Location
- Georgia, United States
- Transaction Type
- Buyout
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