Peterson Private Equity announced it is planning to invest up to $50 million in Dura Software, which is a software aggregator and operator based in San Antonio, TX and founded in 2018. Since being founded, Dura has acquired 10 subsidiaries and has scaled to over $43 million of revenue in 2022.
Peterson’s capital will be used for funding continued acquisitions. And Dura has a pipeline of over $25 million of ARR in late-stage acquisition opportunities which they intend to close within the next two quarters.
Across their subsidiaries, Dura serves 3,500+ customers globally and has 200 employees. And Dura owns its subsidiaries with the intent to never sell, setting the foundation for long-term profitability and strong return on investment.
KEY QUOTES:
“We are excited to be partnering with the highly experienced team of entrepreneurial-minded business builders at Peterson, as we continue to scale the Dura platform. Dura is at an exciting launching point for accelerated growth with a proven model and a leadership team that is ready to go much faster. Although we are happy with our progress to date, we are just getting started and the Peterson Partners relationship will be a key enabler to future success .”
— Paul Salisbury, CEO of Dura
“A buy-and-build strategy within software is compelling, as it should diversify away much of the idiosyncratic individual portfolio company risk and provide a long-term durable stream of cash flows. The execution that Michael, Paul, and the Dura team are demonstrating is unique. We are excited to partner with them.”
— Jordan Lusk, principal at Peterson Partners
