Diversis Capital Acquires Majority Stake in Tideworks Technology from Carrix
Diversis Capital LLC, a Los Angeles-based private equity firm focused on software and technology services, has acquired majority ownership of Tideworks Technology Inc. from Carrix, Inc., which is primarily owned by Blackstone Infrastructure Partners. Tideworks provides terminal operating system solutions for marine and intermodal rail terminals globally, serving over 130 facilities with its flagship products like Mainsail 10 TOS and Intermodal PRO. The company plays a mission-critical role in global logistics infrastructure, supporting more than 300,000 professionals daily. Diversis plans to invest heavily in product innovation, market expansion, and strengthening customer relationships at Tideworks. Both Carrix's CEO Uffe Ostergaard and Diversis' Managing Partner Kevin Ma expressed confidence that the acquisition will enhance Tideworks’ capabilities as a standalone business while maintaining its focus on quality service for terminal operators worldwide.
Topics: acquisition logistics technology private equity software services