The amount of the deal was not disclosed.
Genstar Capital is a middle-market private equity firm focused on investments in targeted segments of the software, healthcare, financial services, and industrial technology industries.
Led by Mark Friedman, CEO and founder, and John Borgerding, president, Accruent provides solutions that span the entire real estate, facilities and asset management lifecycle to over 5,400 organizations.
Customers include retailers, universities, wireless carriers, hospitals, and service providers.
The company has U.S. offices in Santa Monica, Evanston, Columbus, Pittsburgh and Boston, in Vancouver, BC; Burnaby, BC; Calgary, AB; Vaughan, ON; Reading, UK and Hong Kong.