Brycer, a leading provider of inspection, testing and maintenance (ITM) compliance software for fire prevention bureaus, water municipalities, state building departments and other regulatory organizations, today announced a strategic growth investment from TA Associates, which is a leading global private equity firm.
This deal aims to accelerate Brycer’s growth as the company continues its mission of improving public safety through proactive compliance services and technology.
Launched in 2011, Brycer’s cloud-based solutions help streamline building inspection processes for fire protection systems, backflows, elevators, and other essential infrastructure. The company’s flagship product The Compliance Engine enables Authorities Having Jurisdiction (AHJs) like fire prevention bureaus, water municipalities and state building departments to efficiently collect, manage and track ITM reports for all commercial properties in their respective governing areas. TA’s investment will enable Brycer to further enhance its technology platform, increase staff, execute strategic M&A and expand its service offerings to address evolving compliance requirements across North America.
Along with its platform, Brycer offers proactive services to drive increased testing and maintenance activity within a given jurisdiction, including inspection notifications, call services, analytics, consultations, 24/7 support, and market education. Today, over 1,000 authorities, representing more than one million buildings, rely on Brycer to enforce code compliance, improve operational efficiency and enhance community safety.
The deal is subject to regulatory approvals and is expected to close in Q1 2025. Financial terms were not disclosed. Goodwin Procter LLP served as legal counsel to TA, and Deloitte served as its financial advisor. Kilpatrick Townsend & Stockton LLP served as legal counsel to Brycer, and Houlihan Lokey served as its financial advisor.
KEY QUOTES:
“Since our inception, we’ve been dedicated to providing advanced solutions that improve public safety. We’re immensely proud of the impact Brycer has made since our founding nearly 15 years ago and are grateful to everyone who has contributed to our success thus far. As we look to the future, we believe TA is the right catalyst to help us grow, further innovate and reach new milestones in compliance technology.”
- Matt Rice, Co-Founder of Brycer
“Leveraging its worldwide network, strategic resources, and successful track record in scaling tech-enabled businesses like ours, we believe TA will be essential in furthering our mission of fostering a safer environment for everyone. We are excited to have TA join us as our first institutional investor, and we anticipate working closely together in this thrilling new phase for our company.”
- Bryan Schultz, Co-Founder of Brycer
“As local governments have become increasingly focused on mandating regular preventative inspections, Brycer has emerged as a true pioneer in the ITM software market. The company’s proven ability to provide innovative solutions that simplify complex compliance processes has made it a valuable, trusted partner for AHJs nationwide.”
- Todd Crockett, Managing Director at TA
“We believe there is significant opportunity for Brycer to expand its reach into new markets and build on its service offerings, all to the benefit of its customers. We are excited to partner with Matt, Bryan and the entire Brycer team in this next phase of growth.”
• ⁃ Jason Mironov, Managing Director at TA
