Clearsight served as the exclusive strategic and financial advisor to Kinsail Corporation in its acquisition by Accela, a portfolio company of Bregal Sagemount.
Kinsail, a leader of recreation and resource management solutions for Federal and State agencies and hundreds of sites across the United States has been acquired by Accela, the leading provider of civic engagement solutions for government. As a new division of Accela, the Recreation and Resource Management team will continue to empower agencies to improve business operations, increase revenue and decrease costs by allowing citizens access to online and mobile-based self-service transactions with agencies, improving compliance and enforcement through web and mobile tools and applications, and offering access to data and information in real-time about usage, transactions and more. Kinsail’s strong presence in the parks and recreation segment includes customers such as the USDA Forest Service, US Fish and Wildlife Service, State of California and the Commonwealth of Virginia.
“Clearsight lead this transaction to a successful close thanks to their creativity and senior level attention, combined with unique public sector technology expertise. I could not have chosen a better advisor to guide me through the process from accessing market alternatives to finding valuable strategic partnerships,” said Tim Keough, CEO of Kinsail.
“We are thrilled to have enabled this positive outcome for Kinsail’s innovative group. Kinsail’s unique combination of public sector technology and payments expertise will be a huge asset to Accela as government entities strive to provide more transparent and accessible services at lower cost,” stated Gretchen Guandolo, Managing Director at Clearsight.
The acquisition of Kinsail bolsters Accela’s growing portfolio of government agency customers leveraging the Accela Civic Platform for Land Management, Licensing, Asset Management, Legislative Management and Public Health and Safety. Accela will support Kinsail solutions, and customers will be able to leverage Accela Civic Platform capabilities to manage and provide open data through CivicData.com, Accela’s free open data portal and take advantage of the company’s growing ecosystem of developers and partners.