This week, Thoma Bravo announced a strategic growth investment in PCMI, a provider of administration software for F&I products in the automotive and consumer end markets.

According to a news release, Thoma Bravo said 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 as part of the transaction.

PCMI is an integrated administration solutions provider, 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, offering more than 140 integrations to enhance efficiency, reduce costs and keep customers competitive.

Since 2012, Thoma Bravo highlighted PCMI has grown from a small startup to an industry powerhouse with 200+ experts across North America, Europe and Asia.

“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,” PCMI founder and CEO Mark Nagelvoort said in the news release. “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.”

PCMI president Clyde Owen added, “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.”

Leadership at Thoma Bravo explained why the software investment firm made this decision.

Partner Adam Solomon said, “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.”

And Thoma Bravo vice president Chandler Gay said, “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.”

William Blair acted as financial advisor and Goodwin Procter acted as legal counsel to PCMI and EAM. TD Cowen acted as financial advisor and Kirkland & Ellis acted as legal counsel to Thoma Bravo.