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Mar 17, 2025, 07:00 ET
MIAMI and CHICAGO, March 17, 2025 /PRNewswire/ — Thoma Bravo, a leading software investment firm, today announced a strategic growth investment in PCMI (“PCMI” or “the Company”), a leading provider of administration software for finance & insurance (“F&I”) products in the automotive and consumer end markets. As part of the transaction, existing shareholders – including PCMI management, its employees, and Equality Asset Management (“EAM”), a growth-focused private equity firm – will retain minority positions in the Company.
PCMI is a global leader in integrated administration solutions, enabling third-party administrators, dealers, OEMs and lenders to streamline end-to-end policy, claim and refund payment processes. Its flagship platform, PCRS, has processed over 89 million contracts and 39 million claims, offering 140+ integrations to enhance efficiency, reduce costs and keep customers competitive. Since 2012, PCMI has grown from a small startup to an industry powerhouse with 200+ experts across North America, Europe and Asia.
“Over the past 13 years, we have built PCMI into a leading provider of software solutions by prioritizing product excellence, deep customer understanding and a culture of innovation,” said Mark Nagelvoort, Founder and CEO of PCMI. “We are excited to partner with Thoma Bravo, whose proven expertise in scaling technology companies will help us enhance our platform, accelerate global growth and continue delivering exceptional value to our customers.”
“Thoma Bravo’s investment is a testament to the foundation and team we have built,” said Clyde Owen, President of PCMI. “This is a significant milestone for PCMI, and we look forward to working with Thoma Bravo to drive further expansion at scale.”
“PCMI has cemented itself as a clear leader in the administration software market,” said Adam Solomon, a Partner at Thoma Bravo. “We see tremendous opportunity to capture more of this large and growing market and to drive continued expansion and innovation of PCMI’s cutting-edge solutions.”
“We have been following PCMI for years with great admiration for Mark and the entire team,” said Chandler Gay, a Vice President at Thoma Bravo. “We are excited to apply our operational and software experience to support PCMI in this new chapter of growth.”
William Blair acted as financial advisor and Goodwin Procter acted as legal counsel to PCMI and EAM. TD Cowen acted as financial advisor and Kirkland & Ellis LLP acted as legal counsel to Thoma Bravo.
About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$179 billion in assets under management as of December 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 520 companies representing approximately US$275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.
About PCMI
PCMI is a global leader in cloud-based administration software for the automotive and consumer product markets. Its innovative technology solutions enable third-party administrators, dealers, OEMs, and lenders to streamline end-to-end extended warranty, service contract, and refund payment processes. Since 2012, PCMI has grown into an industry powerhouse with over 200 experts across North America, Europe, and Asia. Committed to innovation and exceptional service, PCMI delivers cutting-edge solutions that drive efficiency, reduce costs, and help clients stay ahead in an evolving market. For more information, visit PCMI’s website at www.pcmicorp.com.
About Equality Asset Management
EAM (Equality Asset Management) is a growth-focused private equity firm. EAM provides equity capital and strategic and operating support to market leading software and tech-enabled services companies. With decades of investment and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. For more information, please visit http://www.equalityam.com.
Media Contacts:
Thoma Bravo
Megan Frank
mfrank@thomabravo.com
or
FGS Global
Abigail Farr
ThomaBravo-US@fgsglobal.com
SOURCE Thoma Bravo