M&A Deal Summary

Crest Rock Partners Acquires PPI

On May 16, 2025, private equity firm Crest Rock Partners acquired software company PPI

Acquisition Highlights
  • This is Crest Rock Partners’ 3rd transaction in the Software sector.
  • This is Crest Rock Partners’ 9th transaction in the United States.
  • This is Crest Rock Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2025-05-16
Target PPI
Sector Software
Buyer(s) Crest Rock Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

PPI

Madison, Wisconsin, United States
PPI provides healthcare and benefits programs with software-as-a-service tech-enabled services, including care management software, electronic health records software, claims processing software, and third-party administrator services. PPI was founded in 1996 and is based in Madison, Wisconsin.

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Buyer(S) 1

DESCRIPTION

Crest Rock Partners is a private equity firm that looks to acquire and invest in businesses that can benefit from an operationally focused investor. The Firm will consider a variety of investment situations including corporate divestitures, companies in transition, buyouts, recapitalizations, and growth capital financings. Crest Rock can invest across the capital structure and seeks to commit $15 to $60 million per investment. Sectors of interest include software, technology, business services, manufacturing, and industrial. Crest Rock Partners was formed in 2019 and is headquartered in Denver, Colorado.


DEAL STATS #
Overall 11 of 11
Sector: Software M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Relocity

Los Angeles, California, United States

Relocity is reimagining the global mobility experience. They enable enterprises to attract, retain, and engage talent globally through their unique blend of mobility software solutions and high-touch destination services. Their personalized digital transferee experience accommodates all mobile talent and is enabled through AI-driven native mobile app and workforce mobility platform. Relocity was founded in 2016 and is based in Los Angeles, California.

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