M&A Deal Summary

Thoma Bravo Acquires HCSS

On September 14, 2021, private equity firm Thoma Bravo acquired software company HCSS

Acquisition Highlights
  • This is Thoma Bravo’s 54th transaction in the Software sector.
  • This is Thoma Bravo’s 103rd transaction in the United States.
  • This is Thoma Bravo’s 17th transaction in Texas.

M&A Deal Summary

Date 2021-09-14
Target HCSS
Sector Software
Buyer(s) Thoma Bravo
Deal Type Buyout (LBO, MBO, MBI)

Target

HCSS

Sugar Land, Texas, United States
HCSS is a provider of fleet management software for estimating, field entry, project management, safety, digital plans, 3-D drone imaging, fleet management, and telematics. HCSS has helped improve operations for over 3,500 companies ranging from $1M to billions in revenue across the United States and Canada. HCSS was founded in 1986 and is based in Sugar Land, Texas.

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Buyer(S) 1

Buyer

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 113 of 151
Sector: Software M&A 54 of 69
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 28
State: Texas M&A 17 of 19
Country: United States M&A 103 of 132
Year: 2021 M&A 14 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Intel 471

Frisco, Texas, United States

Intel 471 is a provider of cyber threat intelligence for leading enterprises and governments. Intel 471's centralized TITAN platform enables intelligence and security professionals to access structured information, dashboards, timely alerts, and intelligence reporting via the web portal or API integration. Intel 471 was founded in 2014 and is based in Frisco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Pathwire

San Antonio, Texas, United States

Pathwire empowers companies around the world to solve complex communication problems. Through its powerful email API and intuitive email marketing solutions, Pathwire delivers over 250 billion emails a year for companies like DHL, Wikipedia, Toast, Lyft, and Microsoft. The company provides reliable, cloud-native infrastructure, local expertise, and smart solutions based on machine learning so companies can more easily reach their customers and build connected experiences. Pathwire is based in San Antonio, Texas.

Sell $1.9B