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  6. Mainsail Partners Invests In ProShop ERP

Investment Summary

Mainsail Partners Invests In ProShop ERP

On July 18, 2023, growth capital firm Mainsail Partners invested in software company ProShop ERP

Investment Highlights
  • This is Mainsail Partners’ 14th transaction in the Software sector.
  • This is Mainsail Partners’ 41st transaction in the United States.
  • This is Mainsail Partners’ 1st transaction in Washington.

Investment Summary
Date 2023-07-18
Target ProShop ERP
Sector Software
Investor(s) Mainsail Partners
Deal Type Growth Capital

Target

ProShop ERP

Bellingham, Washington, United States
ProShop ERP delivers manufacturing software by deeply understanding its client’s challenges in order to meaningfully improve their businesses and in turn, their communities. The company is a dedicated ERP/QMS/MES management software built by manufacturers for manufacturers. They are fanatical about managing every detail of machine shops in a paperless and web-based environment, including the enterprise resource management (ERP) functions necessary to run offices, the quality management system (QMS) functions to manage AS9100 systems, and the manufacturing execution system (MES) functions to ensure the shop floor is running at peak efficiency while helping clients. ProShop ERP is based in Bellingham, Washington.

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Investor(S) 1

Investor

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2003
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco, California.

DEAL STATS #
Overall 42 of 48
Sector (Software) 14 of 15
Type (Growth Capital) 35 of 41
State (Washington) 1 of 1
Country (United States) 41 of 47
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Red Oak Compliance Solutions

Cedar Park, Texas, United States

Red Oak Compliance Solutions is a provider of intelligent compliance software, offering a range of AI-powered solutions designed to help firms of all sizes successfully navigate the increasingly complex regulatory landscape. The suite of compliant features offers risk minimization, cost reduction, and process optimization capabilities with features that are designed to evolve with client’s needs. Red Oak Compliance Solutions was founded in 2010 and is based in Cedar Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 LinenMaster

Vero Beach, Florida, United States

LinenMaster provides software solutions to the laundry industry. Customers use the Company's cloud-based product to gain control over their inventory, access valuable insights and reporting, and simplify day-to-day processes, all backed by the Company's leading customer service and support. LinenMaster was founded in 1995 and is based in Vero Beach, Florida.

Buy -
Mergr

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