Kidd & Company Recapitalizes Pierce Washington

OLD GREENWICH, CT, January 11, 2022 – Kidd & Company, LLC, a leading family office investment firm focused on the middle market, announced it has recapitalized Pierce Washington.

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January 18, 2022 (San Francisco, CA):  Pierce Washington, LLC, a leading software system integrator executing enterprise-level configure-price-quote (“CPQ”) and digital commerce implementations, has been recapitalized for growth.  The investment group included Kidd & Company, a family office doing direct thesis-driven equity investing in the lower middle market, as well as Ignite Labs, Spring Capital and Southfield Mezzanine.

Founded in 2005 and headquartered in San Francisco, CA, Pierce Washington has built a reputation for customer focus and delivery excellence.  The recapitalization will accelerate Pierce Washington’s growth and expansion, specifically in offering its customers a “total commerce” solution across the quote-to-cash business process.

Pierce Washington will continue to be led by its Partners: John Carey, Faris Yamini, and Rob Watters. Founding Partner John Carey commented, “This investment validates the brand we’ve built and the work that we’ve done for our enterprise clients over the last 17 years. Accelerating our growth will enable Pierce Washington to better support the digital transformations our B2B customers are embarking upon.”

Marc Murphy from Ignite Labs will serve as Chairman of Pierce Washington.  Marc has known and worked with the Pierce Washington team in his previous roles and stated, “This investment is aimed at accelerating Pierce Washington’s growth in a high demand and exciting market space. I’m looking forward to building on the success of the founding team and continuing the company’s focus on customers and delivery.”

Kidd & Company’s investment process was led by its Partner, Gerry DeBiasi, who commented, “I am truly excited to be partnering with the Pierce Washington team, as well as Ignite Labs, Spring Capital, and Southfield Mezzanine, to accelerate the growth of Pierce Washington.  John, Faris, and Rob have built a great company with great people and great customers, and this transaction will allow the company to continue this path but with more resources behind it.”