Pamlico Capital Announces Sale of TRG Screen
New York, NY
Pamlico Capital (“Pamlico”) announced today that its portfolio company TRGRP, Inc. (“TRG Screen”), has been acquired by Vista Equity Partners (“Vista”).
TRG Screen is the leading provider of enterprise subscription management solutions. TRG Screen's solutions provide its customers with full transparency into their vendor relationships and their subscription spend and usage, enabling them to optimize their enterprise subscriptions.
Pamlico acquired TRG Screen in partnership with management in November 2018. Since that time, Pamlico supported the realization of management’s organic and inorganic growth strategy, including meaningful investments in TRG Screen’s core Optimize Spend platform and the introduction of Optimize Insights to provide a unified access experience and data analytics across TRG Screen’s full product offering. The comprehensive product suite was further built out through the successful integration of three strategic acquisitions.
“Pamlico was a great strategic partner for TRG Screen. Their strategic advice and operations support resources helped us achieve our growth initiatives and solidify our market leadership position,” said TRG Screen CEO Steve Matthews.
Walker Simmons, Partner at Pamlico, said, “We truly enjoyed working with Steve Matthews, Leigh Walters, and the entire TRG Screen team. They are talented operators, and we are thankful to have had the opportunity to help them achieve their vision for the business.”
Pamlico Principal Jay Henry added, “This transaction validates the strength of the TRG Screen product portfolio and the hard work by the entire TRG Screen team. We thank them for their efforts on behalf of Pamlico and wish continued success in their next chapter of growth with Vista.”
William Blair & Company and Truist Securities served as financial advisors and Alston & Bird LLP served as legal advisor to Pamlico and TRG Screen on the Transaction.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of almost $3.5 billion. For additional information, please visit www.pamlicocapital.com.