CHICAGO – March 21, 2025 – Thoma Bravo, a leading software investment firm, has made a strategic growth investment in PCMI, a portfolio company of First Analysis and Equality Asset Management. PCMI is a leading provider of administration software for finance and insurance products in the automotive and consumer end markets. Thoma Bravo’s expertise in scaling technology companies will help accelerate PCMI’s global growth and support its efforts in enhancing the platform. William Blair acted as the exclusive financial advisor to PCMI.
PCMI is a leading provider of integrated administration solutions, enabling third-party administrators, dealers, original equipment manufacturers and lenders to streamline end-to-end policy, claim and refund payment processes. The company’s flagship software, PCRS, has processed more than 89 million contracts and 39 million claims, offering over 140 integrations designed to enhance efficiency, reduce costs and keep customers competitive.
“We are thrilled to partner with Thoma Bravo, whose deep expertise and strategic resources will significantly enhance our global growth potential,” said PCMI CEO and Founder Mark Nagelvoort. “We also greatly appreciate First Analysis for their valuable support and guidance, which have been instrumental in reaching this important milestone.”
First Analysis Managing Director Matt Nicklin said, “From the outset, we have been proud to partner with PCMI and their exceptional team as they have become a clear leader in the administration software market. We are very excited to see what the future holds for the company alongside Thoma Bravo.”
About PCMI
PCMI is a leading provider of cloud-based administration software for the automotive and consumer product markets. Its innovative technology solutions enable third-party administrators, dealers, OEMs and lenders to streamline end-to-end extended warranty, service contract and refund payment processes. Since 2012, PCMI has grown into an industry powerhouse with over 200 experts across North America, Europe and Asia. Committed to innovation and exceptional service, PCMI delivers cutting-edge solutions that drive efficiency, reduce costs and help clients stay ahead in an evolving market. For more information, visit pcmicorp.com.
About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$179 billion in assets under management as of Dec. 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 520 companies representing approximately US$275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.
About Equality Asset Management
EAM (Equality Asset Management) is a growth-focused private equity firm. EAM provides equity capital and strategic and operating support to market leading software and tech-enabled services companies. With decades of investment and operating experience, the firm has earned a reputation for value creation, serving as steadfast partners to founders and CEOs. For more information, please visit www.equalityam.com.
About First Analysis
Founded in 1981, First Analysis has a 44-year track record of serving emerging growth companies and established industry leaders within its focused areas of domain expertise. Our investment banking practice leverages industry insights developed through our research and investing activities to deliver value to clients across the life cycle of a business. Providing senior-level attention to every client, First Analysis offers superior execution across a comprehensive range of investment banking services, including merger and acquisition advisory, growth financings and private equity recapitalizations. For more information, please visit www.firstanalysis.com.
For more information, please contact:
Matthew Nicklin
Managing Director
312-258-7181
mnicklin@firstanalysis.com
Terry Kiwala
Vice President
312-258-7129
tkiwala@firstanalysis.com
Media contact:
David Leshuk
Managing Director
312-258-7131
dleshuk@firstanalysis.com