Peterson Private Equity has invested in Black Mountain Software, a provider of government accounting and billing software.
Peterson’s investment will help accelerate product expansion and innovation, as well as growth beyond current geographies.
Founded in 1993 by Jack Liebschutz and Wayne Carriere and headquartered in Polson, Montana, Black Mountain Software’s product portfolio includes municipal accounting, utility billing, and school district accounting software solutions.
In conjunction with the investment and in an effort to support Black Mountain Software’s continued growth, Mike Fabrizio and Nate Quinn will be joining the management team as co-CEOs. Prior to Black Mountain Software, Fabrizio was on the investment team at Accel-KKR, a software focused private equity firm with more than $10 billion in AUM. Quinn was previously on the investment team at Menlo Ventures, a $1 billion California-based venture fund.
