Transition Capital Partners Announces the Sale of Hayes Software Systems

Transition Capital Partners ("TCP"), a Dallas, TX-based private investment firm, is pleased to announce the sale of its portfolio company, Hayes Software Systems ("Hayes"). Hayes was acquired by Frontline Education ("Frontline") on June 15, 2021. The Hayes transaction represents the second TCP portfolio company acquired by Frontline in the last year. Frontline also acquired TCP portfolio company SuccessEd on Oct. 30, 2020. Plexus Capital partnered with TCP on both portfolio companies. 

About Hayes Software Systems:

Based in Austin, TX, Hayes Software Systems provides SaaS solutions to empower K-12 school administrators. Schools partner with Hayes to address their asset management, inventory control and integrated help desk needs with simple, easy-to-use solutions, including TIPWeb-IT, TIPWeb-IM and GetHelp.

Offering software and services that are optimized for the unique needs of the education community, Hayes has helped over 10,000 schools across the country implement asset management and inventory control solutions. Today, the company supports hundreds of districts in 40 states across the country and serves district-wide deployments in 37 of the nation's largest 100 school districts.

Learn more at www.hayessoft.com

About Frontline Education:

Frontline Education is a leading provider of school administration software, connecting solutions for student and special programs, business operations and human capital management with powerful data and analytics to empower educators. Frontline partners with school systems to deliver tools, data and insights that support greater efficiency and productivity, enabling school leaders to spend more time and resources executing strategies that drive educator effectiveness, student success and district excellence.

Frontline's broad portfolio includes solutions for proactive recruiting and hiring, absence and time management, professional growth, student information systems, special education, special programs, Medicaid reimbursement, school health management, payroll, benefits and financial management. Over 9,500 school districts representing millions of educators, administrators and support personnel have partnered with Frontline Education in their efforts to develop the next generation of learners.

Frontline Education's corporate headquarters is located in Malvern, PA, with Location Hubs (physical offices) in Roseville, CA, Naperville, IL, and Austin, TX. In addition to Frontline's Location Hubs, Collaboration Hubs - flexible locations in areas where Frontline has a concentration of team members, have been established across the country and Remote Location Hubs - designed to drive remote employee engagement through intentional and common use of tools and processes, have been established as part of a company-wide effort to reimagine the work environment.

Thoma Bravo is the majority owner of Frontline Education. 

Learn more at www.frontlineeducation.com

About Transition Capital Partners:

Transition Capital Partners is a Dallas, TX-based, family-office-funded, private investment firm. Founded in 1993, TCP has successfully invested in over 45 lower middle market companies spanning a diverse array of industries. TCP is affiliated with the Patterson Thoma Family Office.

TCP partners with management teams to build sustainable value in businesses over the long term, without the artificial constraints fundraising cycles create for traditional private equity funds. With more than twenty-five years of proven success, we have a long track record of collaborating with our partners to accelerate the growth of lower middle-market companies.

Learn more at www.tcplp.com

About Plexus Capital:

Plexus is a North Carolina-based investment firm that partners with leaders of small businesses to help facilitate growth and create jobs. Since 2005, Plexus has invested more than $1.3 billion in over 130 companies throughout the United States. The Plexus team consists of 31 professionals with offices in Raleigh and Charlotte.

Learn more at www.plexuscap.com

About Thoma Bravo:

Thoma Bravo is a leading private equity firm with over $78 billion in assets under management as of March 31, 2021, and a focus on investing in software and technology companies. They pioneered the buy-and-build investment strategy and applied this strategy to the software and technology industries 20+ years ago. Since then, Thoma Bravo firm has acquired more than 300 software and technology companies representing over $85 billion of value. Their investment philosophy is centered around working collaboratively with existing management teams to help drive operating results and innovation, taking a partnership-driven approach supported by a set of management principles, operating metrics and business processes. Thoma Bravo supports their companies by investing in growth initiatives and strategic acquisitions designed to drive long-term value.

Learn more at www.thomabravo.com.

Source: Transition Capital Partners

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Categories: Mergers and Acquisitions

Tags: acquisitions, k12, m&a, mergers and acquisitions, private equity, saas, schools, software, venture capital


About Transition Capital Partners

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Transition Capital Partners ("TCP") is a Dallas, TX based, family office funded, private investment firm. Founded in 1993, TCP has successfully invested in over 40 lower middle market companies spanning a diverse array of industries.

Transition Capital Partners
1909 Woodall Rodgers Frwy, Suite 575 (Suite 575)
Dallas, TX 75201
United States