Investment Summary

WestView Capital Partners Invests In Hubstaff

On August 28, 2023, private equity firm WestView Capital Partners invested in internet software and services company Hubstaff

Investment Highlights
  • This is WestView Capital Partners’ 6th transaction in the Internet Software and Services sector.
  • This is WestView Capital Partners’ 54th transaction in the United States.
  • This is WestView Capital Partners’ 1st transaction in Indiana.

Investment Summary
Date 2023-08-28
Target Hubstaff
Sector Internet Software and Services
Investor(s) WestView Capital Partners
Deal Type Growth Capital
Advisor(s) Lightning Partners LLC (Financial)
Morris, Manning & Martin (Legal)

Target

Hubstaff

Fishers, Indiana, United States
Hubstaff is a workforce management SaaS platform that powers time and activity tracking, shift/schedule management, invoicing, and payments. The workforce analytics suite enables businesses to optimize their distributed workforces while providing employees and contractors the visibility needed to have their most productive days. More than 95,000 diverse and global organizations use Hubstaff to support remote, hybrid, and distributed workforces. It provides these customers with the tools they need to effectively manage the unique challenges associated with workforces spread across many geographies and time zones. Hubstaff was formed in 2012 and is based in Fishers, Indiana.

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Investor(S) 1

Investor

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 54 of 56
Sector (Internet Software and Services) 6 of 6
Type (Growth Capital) 27 of 29
State (Indiana) 1 of 1
Country (United States) 54 of 56
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Nwestco

Kalispell, Montana, United States

Nwestco is an equipment distributor, installer and maintenance provider to retail fuel stations and car washes in the Pacific Northwest and Rocky Mountain regions. Nwestco provides a one-stop solution for its customers’ equipment and service needs, offering a comprehensive product portfolio and delivering high-quality installation and ongoing maintenance services. Nwestco is based in Kalispell, Montana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Rokolabs

New York, New York, United States

Rokolabs is a full-stack software development consultancy that helps empower businesses to envision and rapidly build innovative, disruptive digital products that delight their customers. The company now serves a wide portfolio of clients ranging from startups to Fortune 500 companies primarily in the financial services, healthcare, and B2B SaaS sectors. Rokolabs was formed in 2013 and is based in New York City.

Buy -
Mergr

Product

Company

Legal