Thoma Bravo says it will “leverage its deep software and industry expertise to help further strengthen the company as it expands and enhances its industry leading construction software solutions”.
Thoma Bravo – whose construction portfolio companies include Command Alkon – will also boost investment in key areas of HCSS.
According to Thoma Bravo, customers can expect to see more efficiencies in supply chain software that provides information faster and reduces administrative work and errors.
HCSS founder Mike Rydin says: “Through this partnership and the innovation and growth it will deliver, my vision is that foremen, superintendents and project managers will be able to easily order materials from the HCSS applications they already use and track the status of those materials at all times through final placement.
“While we have sustained double digit annual growth for more than 20 years, Thoma Bravo’s knowledge of international markets will accelerate growth for all our product suite on a global scale.”
George Jaber, a vice president at Thoma Bravo, says: “HCSS is leading the way in connecting the entire construction ecosystem with real-time production data and visibility that has never existed before. We will invest heavily in this initiative and are excited about the benefits it will bring to the company, its employees, and its customers.”
The transaction is expected to close in the fourth quarter of 2021.
