Peak Rock Capital Completes Amtech Software Sale to Vista Partners
Peak Rock Capital Moves Forward with Sale of Amtech Software
Amtech Software has experienced impressive growth under Peak Rock Capital's ownership, tripling its annual recurring revenue and more than doubling its workforce. This notable transition comes with the recent signing of a definitive agreement for the sale of Amtech to Vista Equity Partners.
A Look at Amtech Software's Success
Amtech Software is recognized as a premier provider of industrial solutions within the global packaging sector. The company offers a comprehensive suite of products that includes Enterprise Resource Planning (ERP), Manufacturing Execution Systems (MES), and Customer Relationship Management (CRM) solutions. This robust platform enhances digital connectivity across its product lines, facilitating efficient operations from order to cash.
Significant Growth Under Peak Rock Capital
Since acquiring Amtech from its founder, Peak Rock has played a crucial role in facilitating the company's growth and development strategies. The transition to a recurring subscription revenue model stands out as a key achievement. Additionally, Amtech has successfully launched new products, made strategic acquisitions, and expanded its presence in various markets. Substantial investments have also been made in enhancing corporate infrastructure, including modern information technology systems and operational capabilities.
Leadership Praise and Future Aspirations
Preston Thomas, Managing Director at Peak Rock, expressed pride in Amtech's achievements, highlighting the support provided to Amtech's founder, Cosmo DeNicola. The focus on strategic and operational resources has been pivotal for Amtech to achieve remarkable transformation, leading to a robust subscription-based revenue model and enhanced product differentiation.
Commitment to Customers and Technology
CEO of Amtech, Chuck Schneider, emphasized the critical role that Peak Rock's partnership has played in the company's robust growth. Schneider underscored how significant investments in team development, technology, and operational efficiency have all contributed to Amtech’s success. The commitment to delivering high-quality software solutions to customers continues to be a top priority as Amtech moves forward.
A Vision for the Future of Packaging Technology
Jake Hodgman, Managing Director at Vista Equity Partners, shared his excitement about the acquisition, noting Amtech's expertise and vision for future technology in the packaging industry. Vista's commitment to modernizing operations aligns perfectly with Amtech's strategic goals as they embark on this new chapter of growth.
Peak Rock's Investment Strategy
Anthony DiSimone, Chief Executive Officer of Peak Rock, reiterated that the sale exemplifies the firm's dedicated software investment strategy. With an extensive portfolio of market-leading technology businesses, Peak Rock aims to provide necessary resources and strategic partnerships that accelerate the growth of family and founder-owned businesses. This vision includes exploring future partnerships in the software sector for transformational outcomes.
Advisors in the Transaction
Financial advisors for this transaction included Houlihan Lokey and Macquarie, while Kirkland & Ellis LLP served as legal advisors to the company.
More About Amtech Software
Established in 1981, Amtech Software is a leading entity in the industrial software domain for the global packaging industry. The company’s integrated product offerings provide remarkable value to various manufacturers. Amtech is based in Fort Washington, Pennsylvania, and continues to thrive by focusing on comprehensive software solutions in the market.
Insight into Peak Rock Capital
Peak Rock Capital is an influential player in the middle-market private equity sector, making strategic equity and debt investments across North America and Europe. The firm aims to partner with senior management to stimulate growth and enhance performance, specializing in corporate carve-outs and collaborating with families and founders seeking institutional support for the first time.
About Vista Equity Partners
Vista Equity Partners is a global technology investment firm that focuses on enterprise software solutions. With a history of more than 25 years and over 600 successful transactions, Vista's investment strategies are designed to create significant value. As of its latest reports, Vista manages around $100 billion in assets across a diverse portfolio of software companies worldwide.
Frequently Asked Questions
What led to the sale of Amtech Software?
The sale of Amtech Software to Vista Equity Partners signifies growth and development achieved under Peak Rock Capital's ownership.
How did Amtech Software grow during Peak Rock's ownership?
During Peak Rock's stewardship, Amtech tripled its annual recurring revenue and significantly grew its workforce and product offerings.
What role does Peak Rock Capital play in investments?
Peak Rock focuses on providing resources and strategic guidance to accelerate the growth of middle-market companies in its portfolio.
Who are the financial advisors for this transaction?
Houlihan Lokey and Macquarie acted as financial advisors, while Kirkland & Ellis LLP managed legal aspects of the deal.
What are Amtech Software's future plans?
Amtech aims to continue innovating and delivering advanced software solutions tailored to the evolving needs of the packaging industry.
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