William Blair is acting as exclusive financial advisor to PEC Safety in connection with its pending sale to Thoma Bravo. The transaction is subject to regulatory approval with an anticipated close date in December 2018.
Transaction Highlights
- Deep relationships and industry expertise: PEC Safety was attracted to William Blair's extensive knowledge and industry experience within the safety, risk and compliance software sector, expertise positioning vertical SaaS business models, and strong relationships with the most aggressive and likely strategic and financial acquirers.
- Process and execution excellence: William Blair constructed and managed a high-touch and accelerated process with a focused group of potential strategic and financial acquirers. Successfully positioning PEC Safety as the clear leader in contractor management and safety training, William Blair produced a strong competitive dynamic and an exceptional outcome for PEC Safety's shareholders in a short timeframe.
- Instrumental guidance and counsel: William Blair's transaction team was integrally involved throughout each step of the transaction process. The transaction team collaborated with PEC Safety in developing insightful marketing materials and value-driven analyses and negotiated exceptional contract terms.
About the Companies
PEC Safety is an industry leading, risk-management company that provides a technology-enabled contractor management service for reporting and measuring contractor risk, safety and compliance information to owner clients (operators). Over 110 owner clients manage over 15,000 contractors in PEC's total contractor management solution. PEC also develops and offers standardized safety learning programs for workers in high-risk industries. Over 2 million workers have been trained with PEC programs by a network of 3,000+ PEC Authorized Instructors.
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as ABC Financial, Blue Coat Systems, Deltek, Digital Insight, Frontline Education, Global Healthcare Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago.
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