BLOOMFIELD HILLS, Mich., Oct. 12, 2017 (GLOBE NEWSWIRE) -- O2 Investment Partners (“O2”) announced today that it has made a significant investment in MHC Software, Inc. (“MHC” or the “Company”), partnering with CEO John Shields and his management team to continue growing the business. Terms of the investment were not disclosed.
MHC designs and develops turnkey software solutions that allow organizations to better manage information. The Company’s proprietary software integrates with ERP and HCM systems to automate HR, AP, SCM, PR, and related financial transactions. MHC provides solutions to thousands of organizations across all industries and maintains a focus on excellent customer service. The Company offers over 40 distinct software products and is headquartered in Burnsville, Minnesota.
John Shields, CEO of MHC, commented, “On behalf of the MHC team, we are excited that we found a partner who shares our vision for MHC. We need a growth-oriented partner to help facilitate our next stage of development. We look forward to a tremendous relationship with O2.”
Patrick Corden of O2 Investment Partners, followed, “We are thrilled to be partnering with John and the MHC team. MHC has created a unique niche with significant growth potential through its strong product portfolio and relentless focus on customer service. Our goal is to support the MHC team, provide additional resources for growth, and be a true partner for the future.” Mr. Corden added, “We want to thank our financial partners Byline Bank and Aldine Capital for their confidence and participation in this investment.”
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About MHC Software: MHC Software is a leader in document management and electronic transaction processing software. MHC designs and develops proprietary software solutions that integrate with cloud and on-premise ERP and HCM systems to automate HR, AP, SCM, PR, and related financial transactions. MHC has a large and diverse customer base and offers approximately 40 distinct software solutions, all configured to meet the precise and unique requirements of customers while enabling organizations to keep their core business systems standard. These software solutions turn data into securely delivered customized documents and transactions, deliver employee- and resource-specific documents online, and provide OCR, imaging, web form, and workflow automation functionality.
Additional information is available at www.o2investment.com ; www.mhcsoftwareinc.com
CONTACT: Patrick Corden, O2 Investment Partners ( pcorden@o2investment.com )
