Ballard Spahr Guides Boathouse Capital in Sale of Stake in IMPLAN Group Software Company

HUNTERSVILLE, N.C. (November 19, 2024) – Ballard Spahr M&A attorneys represented Boathouse Capital in exiting its investment in leading cloud-based software provider IMPLAN Group LLC as a result of a strategic investment by Charlesbank Capital Partners, a middle-market private equity firm with more than $22 billion in total assets.

Huntersville-based IMPLAN produces cloud-based software that provides clients with easy-to-use impact modeling and extensive economic analytics that enable smarter, data-driven planning and resource allocation. The Charlesbank investment will help IMPLAN accelerate its development of new product capabilities, expansion of datasets, and growth of geographic coverage, according to press releases from Charlesbank, IMPLAN, and Boathouse Capital. As noted by the Wall Street Journal, IMPLAN’s “data analytics applications power research and impact models on a variety of issues, from the economic toll of California wildfires to the boom in small breweries.”

As part of the transaction, which closed last week, Boathouse Capital will fully exit the business.

The Ballard Spahr team that advised Boathouse Capital was led by Ryan J. Udell, a partner in the firm’s Mergers and Acquisitions Group, and included Adam J. Chelminiak, John J. Eagan, and Kelly M. Silveira, along with Jason A. Leckerman and Haesun K. Burris-Lee advising on antitrust compliance, Gregory Szewczyk on privacy and data security matters, Christopher T. Cognato on employment matters, and Christian Fox on employee benefits.

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