TruePoint Solutions Announces Merger with Gray Quarter

TruePoint Solutions Announces Merger with Gray Quarter

TruePoint Solutions, LLC (“TruePoint”), a Seaside Equity Partners, LLC ("Seaside Equity") portfolio company, is pleased to announce its merger with Gray Quarter, Inc. (“Gray Quarter” or the “Company”), a leading provider of professional services and software solutions for state and local government clients across the United States.

Gray Quarter provides software implementation, support, and managed application services to state and local government clients for land management, permitting and licensing, and asset management software platforms. Gray Quarter also provides a suite of proprietary software solutions that integrate with and build upon the third-party software platforms for which it provides its set of professional services. The combination of TruePoint and Gray Quarter provides increased scale and capabilities, and will allow the combined company to continue to deliver best-in-class service to its customers.

“I am thrilled about the positive impact this merger will have for our customers,” said Bert Auburn, CEO of TruePoint. “Together, we will have one of the most experienced and skilled teams of GovTech professionals in the market. Gray Quarter’s expertise and service offerings will be highly strategic additions to the combined business and will help us deliver impactful technology solutions to the state and local government market that result in thriving communities.”

“Today marks an exciting new chapter for Gray Quarter as we officially merge with TruePoint. I want to express my deepest gratitude to our incredible team, clients, and partners for their unwavering support and trust throughout our journey,” said John Schomp, CEO and Founder of Gray Quarter. “As we come together with TruePoint, we’re not just combining two companies – we’re uniting two cultures, two visions, and two sets of expertise with the shared goal of driving growth and delivering unparalleled service. I am incredibly excited about the future and confident that together we will achieve even greater success.”

“This partnership represents an important step in our journey to become a leader of scale in the government IT services sector. The combination brings together two of the preeminent leaders in their space and positions the platform for continued growth by unlocking notable cross-sell opportunities and further rounding out the suite of service offerings. We will continue to pursue additional partnership opportunities within government IT services to strengthen the platform,” said Keith Collins, Managing Director at Seaside Equity.

Bert Auburn will continue as the CEO of the combined company. John Schomp will be a senior advisor to the company and be appointed to the Board of Directors.

About TruePoint:

TruePoint is a leading provider of government software implementation and support services for municipal land and asset management software products to a long-standing base of state and local government clients. The Company also offers a comprehensive suite of utility billing and agricultural irrigation management software products to utility and special district customers. TruePoint was founded in 2004 and is based in Loomis, CA.

For additional information on TruePoint Solutions, see https://www.truepointsolutions.com/

About Seaside Equity Partners:

Seaside Equity Partners is a growth-oriented and operationally focused private equity firm based in San Diego, CA. The firm seeks to provide capital, resources, and strategic support to leading mission critical services businesses that are headquartered in the Western United States. Seaside is currently investing out of a $325 million investment vehicle that closed in December 2022, which focuses on partnering with founder, family, and entrepreneur-owned businesses.

For additional information on Seaside Equity Partners, see http://www.seasideequity.com.