November 16, 2023
Weil advised entrepreneurial family office and growth equity firm Greater Sum Ventures (GSV) in its majority investment in Utility Associates, Inc. The funding will provide additional capital to increase Utility’s investment in innovation and help further accelerate its growth.
GSV invests its own capital in middle market software and tech-enabled services companies and works with select independent co-investing partners to build platforms of technology companies that revolutionize the industries they serve. Utility, founded in 2000, delivers digital systems for public agencies that depend on speed, accuracy, transparency and easy-to-access data. Utility meets the ever-increasing demands of frontline professionals and the communities they serve through digital evidence management, in-car video and advanced body cameras.
The Weil team was led by Private Equity partner Richard (Rick) Frye and included Private Equity associates Spencer Finney, Eric Fischerkeller and Niko Lane; Banking & Finance partner Andrew Yoon and associates Dylan Scher, Kristin Shaw and Dan Cruickshank (Not Yet Admitted in New York); Tax partner Hillel Jacobson; Executive Compensation & Benefits partner Jennifer Britz; and Technology & IP Transactions Co-Head Jeffrey Osterman and partner Olivia Greer.