Thoma Bravo announced a strategic growth investment in PCMI, a leading provider of administration software for finance and insurance (F&I) products in the automotive and consumer end markets. As part of the deal, 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 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, providing 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.
William Blair acted as financial advisor and Goodwin Procter acted as legal counsel to PCMI and EAM. And TD Cowen acted as financial advisor and Kirkland & Ellis acted as legal counsel to Thoma Bravo.
KEY QUOTES:
“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. 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.”
- Mark Nagelvoort, Founder and CEO of PCMI
“Thoma Bravo’s investment is a testament to the foundation and team we have built. This is a significant milestone for PCMI, and we look forward to working with Thoma Bravo to drive further expansion at scale.”
- Clyde Owen, President of PCMI
“PCMI has cemented itself as a clear leader in the administration software market. 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.”
- Adam Solomon, a Partner at Thoma Bravo
“We have been following PCMI for years with great admiration for Mark and the entire team. We are excited to apply our operational and software experience to support PCMI in this new chapter of growth.”
- Chandler Gay, a Vice President at Thoma Bravo
