Thoma Bravo has closed its previously announced buyout of Mandeville, Louisiana-based PEC Safety, a contractor management software and safety learning content provider. No financial terms were disclosed.
SAN FRANCISCO and MANDEVILLE, La., Dec. 21, 2018 /PRNewswire/ — Thoma Bravo, a leading private equity investment firm focused on software and technology-enabled services, today announced that it has become the majority investor in PEC Safety, a rapidly growing contractor management software and safety learning content provider that helps both hiring clients and contractors manage risk, safety and compliance.
Through an integrated suite of technology products and safety training programs, backed by PEC’s team of safety experts, the company provides hiring clients the tools and support to effectively prequalify and manage today’s growing contractor workforce. As one of the largest contractor management networks in the world, PEC currently serves over 110 operators and 15,000 contractors. In addition, PEC provides licensed proprietary safety learning content to a network of more than 3,000 authorized instructors who conduct over 235,000 training sessions per year. To date, PEC’s cloud-based software system has aided in training more than 1.3 million workers, advancing PEC’s mission of reducing risk and improving safety for hiring clients and contractors.
“PEC Safety’s partnership with Thoma Bravo enables the company to expand its mission-critical software and learning solutions into new verticals which increasingly recognize contractor risk exposure as a top concern,” said Colby Lane, CEO of PEC Safety. “We look forward to leveraging Thoma Bravo’s investment, expertise and experience to build out PEC Safety’s multiple safety orientations, training courses and a suite of SaaS-based risk mitigation tools.”
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors, and has provided equity and strategic support to experienced management teams of growing companies for nearly thirty-five years. The firm has extensive expertise investing in risk, compliance, safety and supply chain management software companies, including Riskonnect, Sparta Systems, Global Healthcare Exchange and iPipeline, as well as energy-focused software companies such as Quorum Software. 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. For more information, visit www.thomabravo.com.
About PEC Safety
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 1.3 million workers have been trained with PEC programs by a network of 3000+ PEC Authorized Instructors. For more information, visit www.pecsafety.com.