Warburg Pincus Acquires Vermont Information Processing for $1 Billion
Private equity firm Warburg Pincus has acquired Vermont Information Processing (VIP), a provider of software solutions for beverage distributors, for approximately $1 billion, including debt.
The deal has been finalized and is expected to be announced in the coming days. VIP provides software that streamlines warehouse management, inventory control, cost optimization, and sales forecasting. The company's clients include leading brewers like Heineken, Boston Beer, and Guinness.
Founded in 1972, VIP is headquartered in Colchester, Vermont. Warburg Pincus, with over $86 billion in assets under management, has a diverse portfolio of over 230 companies across various industries.
The acquisition strengthens Warburg Pincus's presence in the beverage distribution sector. VIP's expertise and technology will complement the firm's investment portfolio.