HCSS Acquired by Thoma Bravo

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HCSS will be acquired by Thoma Bravo, a software investment firm. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2021. 

HCSS, which has been privately owned for 35 years, found the ideal strategic partner for the future, according to a press release. HCSS’s employees, who own 32 percent of the company through an ESOP, have been instrumental to the company’s success. Thoma Bravo appreciates the unique culture that has driven HCSS’ success and will leverage its deep software and industry expertise to help further strengthen the company.

Thoma Bravo, whose construction portfolio companies include Command Alkon, will help HCSS continue its culture of innovation and customer centricity, while boosting investment in key areas of the company. Customers can expect to see innovation and more efficiencies in supply chain software that provides information faster and dramatically reduces administrative work and errors.

“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,” said Mike Rydin, Founder and CEO of HCSS. “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. We’re so grateful for the customers that have brought us this far, and we are committed to keeping our customer first as we move forward. The future looks very bright.”