Sitetracker Is Said to Tap Evercore For $1 Billion Sale (1)

Sitetracker Inc. is exploring a sale that could value the software platform for managing infrastructure assets at about $1 billion, according to people familiar with the matter.

Sitetracker is working with Evercore Inc. to help find a buyer, said the people, who asked to not be identified because the details are private. Potential buyers include private equity firms and industry rivals, the people said.

The process is in the early stages and Sitetracker could opt to remain independent, the people added.

A representative for Evercore declined to comment, while a representative for Sitetracker didn’t respond to requests for comment.

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