Private equity firms Vista Equity Partners and Harvest Partners are exploring a potential sale of Granicus, a government-services software provider, in a deal that could value the company at approximately $4bn, including debt, according to a report by Reuters.
The report cites unnamed sources familiar with the matter as revealing that Denver-based Granicus has engaged investment banks Jefferies and William Blair to oversee a formal sale process, expected to launch in the second half of the year. Discussions are still at an early stage, and the final timing of the process may shift.
The private equity owners are reportedly targeting a valuation exceeding 20 times Granicus’ $175m EBITDA, positioning the deal in the premium software multiples range.
Neither Vista Equity nor Harvest Partners have commented on the matter. Granicus, Jefferies, and William Blair also did not immediately respond to requests for comment.
Founded in 1999, Granicus provides cloud-based software solutions to federal, state, and local governments worldwide, helping streamline public services, enhance transparency, and improve citizen engagement.
Vista Equity acquired a majority stake in 2016, later merging Granicus with GovDelivery, another Vista-backed software firm. Harvest Partners took a significant stake in Granicus from Vista and K1 Investment Management in 2020.
