GTY Engineering Holdings Inc. Announces Completion of Merger with GI Associates | Organization

BOSTON–(Business WIRE)–Jul 7, 2022–

GTY Engineering Holdings Inc. (NASDAQ: GTYH) (“GTY” or the “Company”), a leading service provider of cloud program solutions for the general public sector and GI Partners, a major private investment agency, right now declared the completion of GTY’s acquisition by an affiliate of GI Associates (alongside one another with selected affiliated entities, “GI”) for $6.30 per share of GTY typical inventory in dollars. The transaction was declared on April 29, 2022 and been given approval from shareholders on June 30, 2022. As a final result of the transaction, GTY is now a privately-held company and GTY widespread inventory will no for a longer time be mentioned on any community marketplace. Via August 6, 2022, every general public warrant that was unexercised and superb straight away prior to the closing will be exercisable for $.71 for every share covered by a community warrant, in accordance with the conditions of the warrants.

About GTY Know-how Holdings Inc.

GTY provides leading community sector technologies corporations collectively to achieve a new standard in stakeholder engagement and source management. As a result of its six enterprise models, GTY offers an intuitive cloud-dependent suite of remedies for state and nearby governments, schooling institutions, and health care companies spanning capabilities in procurement, payments, grant administration, budgeting, and permitting: Bonfire supplies strategic sourcing and procurement application to permit assured and compliant paying out conclusions CityBase provides government payment answers to link constituents with utilities and federal government organizations eCivis gives a grant administration system to maximize grant revenues and monitor efficiency OpenCounter presents consumer-friendly computer software to information candidates by means of intricate allowing and licensing procedures Questica presents budget planning and management software to produce on fiscal and non-monetary strategic aims Sherpa presents community-sector budgeting software program and consulting services.

About GI Partners

Established in 2001, GI Associates is a non-public investment decision business with around 130 workforce and places of work in San Francisco, New York, Chicago, Greenwich, Scottsdale, and Dallas. The business has belongings below management totaling $35 billion and invests on behalf of main institutional investors all-around the environment via its private fairness, true estate, and data infrastructure methods. The private equity workforce invests largely in corporations in the health care, IT infrastructure, services, and software program sectors. The real estate team focuses principally on engineering and lifestyle sciences houses as very well as other specialized styles of actual estate. The information infrastructure team invests mainly in tough asset infrastructure corporations underpinning the digital overall economy. For extra information and facts, be sure to stop by www.gipartners.com.

See source edition on businesswire.com:https://www.businesswire.com/news/dwelling/20220707005442/en/

Contact: GTY Corporation Contacts:

Trader Relations

[email protected]

877-465-3200GI Associates Contacts:

Chris Tofalli

Chris Tofalli Community Relations LLC

914-834-4334

[email protected] Robinson

GI Partners

[email protected]

Search term: UNITED STATES NORTH America CANADA MASSACHUSETTS

Marketplace Search phrase: Technological innovation FINANCE CONSULTING BANKING OTHER Engineering Qualified Services Computer software NETWORKS OTHER Specialist Solutions

Source: GTY Engineering Holdings Inc.

Copyright Business enterprise Wire 2022.

PUB: 07/07/2022 09:14 AM/DISC: 07/07/2022 09:14 AM

http://www.businesswire.com/information/dwelling/20220707005442/en

Copyright Business Wire 2022.

Candice Cearley

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