On February 12, Buyout firm Warburg Pincus finalized an agreement to acquire Vermont Information Processing, a software company serving beverage distributors, for approximately $1 billion, considering debt. Sources familiar with the matter revealed that the deal, which has been signed, is likely to be officially announced in the upcoming days, on condition of anonymity due to the confidential nature of the transaction.

Warburg Pincus refrained from commenting on the deal, while Vermont Information Processing has yet to respond to requests for comment.

Established in 1972 by electrical engineer Howard Aiken as a billing service for beer, wine, and soda distributors, the Colchester, Vermont-based company offers software solutions facilitating warehouse and inventory management, cost reduction, and sales forecasting. Its clientele includes renowned brewers like Heineken, Boston Beer, and Guinness.

Warburg Pincus, headquartered in New York, manages assets exceeding $86 billion. The private equity firm's extensive portfolio encompasses over 230 companies operating in various industries.