Montreal, Canada, October 16th, 2025 – Valstone, a leader in industrial and vertical market software solutions, is pleased to announce the acquisition of Red Wing Software (“Red Wing”), a premier provider of accounting and payroll software for small and mid-sized businesses, farms, and municipalities across North America. This acquisition expands Valstone’s presence in mission-critical financial management software and reinforces its commitment to serving the operational backbone of industrial enterprises.
Trusted by thousands of businesses, farms, and municipalities, Red Wing Software has earned a reputation for reliable technology and exceptional customer service – with a highly experienced U.S.-based support team.
This acquisition creates opportunities to enhance Red Wing’s offering through expanded cloud capabilities, the introduction of AI features, and integration with complementary Valstone portfolio products serving industrial clients. By combining Red Wing’s deep domain expertise with Valstone’s operational and financial backing, the companies are positioned to deliver new levels of innovation, reliability, and customer value.
“We’re excited to build on Red Wing’s strong foundation and long-standing customer relationships,” said Thomas Boucher-Charest, Director of Operations at Valstone. “Our focus will be on preserving the customer-centric culture that has made Red Wing successful while accelerating product innovation and expanding the company’s reach within key vertical markets.”
About Red Wing Software
Red Wing Software provides accounting and payroll solutions for businesses, farms, nonprofits, and municipalities across North America. Its flagship platform, CenterPoint, offers comprehensive modules for general accounting, payroll, and fund accounting. Founded in 1979 and headquartered in Red Wing, Minnesota, the company serves thousands of customers.
About Valstone
Valstone acquires and develops industrial and vertical market software businesses delivering mission-critical solutions. With a long-term, partnership-first approach, Valstone invests in established companies and fosters entrepreneurial environments that enable them to become leaders in their sectors. Unlike traditional private equity or venture capital firms, Valstone is a permanent home for its acquisitions.
Media Contact:
communications@valstonecorp.com
