Hoist Global Tech Solutions Receives Growth Investment from WestView Capital Partners

Ottawa, Ontario and Boston, Massachusetts – Hoist Global Tech Solutions (“HOIST” or the “Company”), a leading global systems integrator and services provider focused on IFS’s suite of enterprise software, announced that it received a growth investment from WestView Capital Partners (“WestView”), a Boston-based growth equity firm focused exclusively on partnering with middle market growth companies.

Founded in 2019, HOIST implements and supports IFS’s full suite of industry-focused enterprise software and industrial AI applications. HOIST’s co-founders and 200+ dedicated team members across the globe have a long history of hands-on experience with IFS deployment and use. As such, the Company has established itself as one of the largest independent, IFS-focused services partners capable of supporting organizations with complex enterprise software needs across multiple regions and through a multilingual delivery model.

“WestView’s investment is a strong testament to our continued commitment to our customers, our team members, and our strong belief in IFS’s capabilities and vision,” said Nick Mezher, Co-Founder and Chief Executive Officer of HOIST. “We are excited to have WestView’s support as we continue to deliver high quality services and business value to our customers alongside IFS.” Co-Founder and Chief Operating Officer, Dale Germain, added “WestView’s approach to long-term partnership and collaboration is well-aligned with our own core values and strategic vision. We look forward to continuing to invest across our organization to support the rapidly growing IFS user base.”

“HOIST’s deep IFS technical expertise and customer-centric approach, combined with the passionate leadership of Nick, Dale, and Chief Revenue Officer, Patrick Zirnhelt, position the Company well to continue its impressive growth trajectory,” said Matt Carroll, Managing Partner at WestView. “IFS itself has shown significant growth and market penetration globally and HOIST has demonstrated its ability to serve as a trusted partner to both existing and new IFS customers worldwide.” Jeff Klofas, Vice President at Westview, added “WestView’s investment in HOIST builds on our longstanding track record of investing in founder owned and operated, software ecosystem-centric services organizations. We look forward to supporting the HOIST team as they continue to deliver value to IFS users.”

Mark Moffat, Chief Executive Officer of IFS, commented “With over EUR 1 billion in ARR delivered last year and 350 new customers onboard, we are seeing significant demand for IFS software from the world’s largest industrial companies. WestView’s endorsement represents not only an investment in Hoist’s expansion plan, but also validation of IFS’s technology innovation and vision of becoming the undisputed category leaders in Industrial AI software. We look forward to the continued success of our partnership.”

WestView was represented by Latham & Watkins LLP and Stikeman Elliott LLP. martinwolf served as HOIST’s exclusive financial advisor and DLA Piper (Canada) LLP served as HOIST’s legal counsel. The financial terms of the transaction were not disclosed.

About HOIST:

HOIST is a leading provider of IFS-focused implementation, consulting, and support services. The Company serves a diverse base of customers within IFS’s core set of industries, including Aerospace & Defense, Energy Utilities and Resources, Construction and Engineering, Manufacturing, Service Industries, and Telecommunications. The Company’s multinational and multilingual team of experienced consultants and support staff have a proven track record of helping businesses reach new levels of efficiency, growth, and sustainability. Founded in 2019 by Nick Mezher and Dale Germain, HOIST is now one of the largest IFS-focused systems integrators in the partner ecosystem. Learn more at hoist.tech

About IFS:

IFS is one of the world’s leading providers of Industrial AI and enterprise software for hardcore businesses that service, power, and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.

IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data, and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.

IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customercentricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.

About WestView Capital Partners:

WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in several sectors, including software and IT services, healthcare technology and outsourcing, business services, and growth industrial. WestView targets investments of $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million. For more information, please visit wvcapital.com.