WCAS completed a majority investment in AIA Contract Documents.

Welsh, Carson, Anderson & Stowe, a private equity firm, completed a majority investment in AIA Contract Documents, a risk management and workflow platform for the architecture, engineering and construction industry. Financial terms were not disclosed. “We are very excited about our investment in ACD and look forward to supporting Nick and the leadership team to advance ACD’s technology while continuing its mission to reduce risk, improve efficiency, and increase transparency across the architecture, engineering and construction market. We believe there is a massive opportunity in the AEC industry and ACD is well-positioned to accelerate its growth and innovation," Christopher Hooper, WCAS General Partner.