Thoma Bravo, a prominent software investment firm, has announced a strategic growth investment in PCMI, a leading provider of administration software for finance and insurance products in the automotive sector. As part of this deal, existing shareholders, including PCMI management and Equality Asset Management (EAM), will maintain minority stakes in the company.
PCMI specializes in integrated administration solutions that help third-party administrators, dealers, OEMs, and lenders streamline processes related to policies, claims, and refunds. Its flagship platform, PCRS, has successfully processed over 89 million contracts and 39 million claims, boasting more than 140 integrations that enhance operational efficiency and reduce costs. Since its inception in 2012, PCMI has evolved from a small startup to a significant player in the industry, employing over 200 experts across North America, Europe, and Asia.
Mark Nagelvoort, Founder and CEO of PCMI, expressed enthusiasm about the partnership with Thoma Bravo, highlighting their expertise in scaling technology companies. He believes this collaboration will enhance PCMI's platform and accelerate its global growth while continuing to deliver exceptional value to customers. Clyde Owen, President of PCMI, also emphasized the importance of this investment as a milestone for the company, looking forward to expanding further with Thoma Bravo's support.
Adam Solomon, a Partner at Thoma Bravo, recognized PCMI as a leader in the administration software market and sees significant opportunities for growth and innovation. Chandler Gay, a Vice President at Thoma Bravo, noted their long-standing admiration for PCMI and expressed excitement about applying their operational and software experience to support the company in this new growth phase.
William Blair served as the financial advisor, while Goodwin Procter acted as legal counsel for PCMI and EAM. TD Cowen provided financial advisory services, and Kirkland & Ellis LLP served as legal counsel for Thoma Bravo.
Thoma Bravo is one of the largest software-focused investors globally, managing over $179 billion in assets as of December 31, 2024. The firm invests in growth-oriented companies within the software and technology sectors through various strategies, including private equity and growth equity. With over 20 years of experience, Thoma Bravo has invested in approximately 520 companies, representing around $275 billion in enterprise value.
PCMI, recognized for its cloud-based administration software, continues to innovate in the automotive and consumer product markets. The company’s technology solutions streamline warranty, service contract, and refund payment processes, helping clients maintain competitiveness in a rapidly evolving market.
Equality Asset Management (EAM) is a growth-focused private equity firm that provides equity capital and strategic support to leading software and tech-enabled services companies. With extensive investment and operational experience, EAM is known for its commitment to value creation and partnership with founders and CEOs.
For more information about Thoma Bravo, PCMI, and EAM, visit their respective websites.
