Thoma Bravo has acquired PowerPlan, a provider of accounting, tax and capital budgeting software services for capital asset-intensive businesses. PowerPlan was a portfolio company of JMI Equity and TPG Growth which acquired the business in February 2010.
“PowerPlan has addressed the information gaps that develop between finance and field operations in asset-centric businesses, and established a market-leading software company that is critical to all of its customers’ operations,” said Scott Crabill, a managing partner at Thoma Bravo.
PowerPlan is a provider of asset-centric accounting, tax, budgeting and analytics software for asset-intensive businesses that operate within the utility, oil and gas, transportation, and telecom industries. The company was founded in 1994 and is based in Atlanta (www.powerplan.com).
“It’s exciting to be able to put our software experience and buy and build philosophy to work for PowerPlan,” said Holden Spaht, a managing partner at Thoma Bravo.
Thoma Bravo provides equity and strategic support to management teams building growing companies. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo currently manages approximately $7.5 billion of equity capital. The firm was founded in 1981 and has offices in Chicago and San Francisco (www.thomabravo.com).
William Blair acted as financial advisor to PowerPlan.
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-23-15
