Diversis Capital Acquires Majority Stake in Tideworks Technology
Los Angeles private equity firm Diversis Capital has taken majority ownership of port software provider Tideworks Technology from Carrix, Inc.
Diversis Capital LLC, a Los Angeles-based private equity firm focused on software and technology services, announced Wednesday it has acquired a majority ownership stake in Tideworks Technology Inc. from Carrix, Inc. The transaction marks a significant ownership transition for Tideworks, a provider of terminal operating software widely used in the port and marine cargo industry.
Diversis Capital has built a track record of investing in vertical software businesses, and the acquisition of Tideworks represents a strategic move deeper into logistics and supply chain technology. Terminal operating systems are considered critical infrastructure for container ports, managing cargo flow, vessel scheduling, and yard operations at major marine terminals.
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Carrix, Inc., the seller, is a major port and terminal operating company with interests across North America and beyond. By divesting its majority stake in Tideworks, Carrix appears to be streamlining its portfolio, separating the software business from its core terminal operations. The financial terms of the transaction were not disclosed in the announcement.
The deal reflects continued investor appetite for specialized enterprise software companies serving the transportation and logistics sector, an area that drew heightened attention following supply chain disruptions in recent years. Tideworks technology underpins operations at numerous ports, giving Diversis a foothold in a niche but operationally essential segment of global trade infrastructure.
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