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’ 15th transaction in the Software sector.
  • This is Mainsail Partners’ 1st transaction in Canada.
  • This is Mainsail Partners’ 1st transaction in British Columbia.

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

Target

ProShop ERP

Vancouver, British Columbia, Canada
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 Vancouver, British Columbia.

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Investor(S) 1

Investor

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
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.

DEAL STATS #
Overall 41 of 44
Sector (Software) 15 of 15
Type (Growth Capital) 34 of 37
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
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 the global advertising review software serving financial services and insurance industries with over 1,800 firms globally, ranging from single-state advisors to over half of the top 20 asset managers. Their flagship advertising compliance review software offers quick implementation timelines and agile technology that is 100% Books and Records/WORM compliant. Red Oak Compliance Solutions 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 is based in Vero Beach, Florida.

Buy -
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