Versa Capital Management has sold BCC Software to Thompson Street Capital Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that BCC Software, LLC. (“BCC Software” or the “Company”), a portfolio company of Versa Capital Management, LLC (“Versa”), has been acquired by Thompson Street Capital Partners (“TSCP”). The terms of the transaction were not disclosed.
Based in Rochester, New York, BCC Software is a premium provider of USPS-certified mail preparation software with integrated functionality to correct address data, perform matching and consolidation and to sequence mailing lists for maximum postal discounts, through on-premises, cloud-based and API solutions. Annual data subscriptions, purchased along with the software, provide updates to postal directories that keep address information complete, current and correct. The Company’s solutions enhance direct mail processing and facilitate efficient, cost-effective multi-channel marketing.
“We very much enjoyed working with the excellent team at BCC Software and Versa on this important transaction, and are excited to watch BCC Software continue to develop its market-leading position under the ownership of TSCP,” said Scott Twibell, Managing Director and co-head of the Technology, Media & Telecom Group at Lincoln.
“Lincoln’s software industry knowledge, execution expertise and access to key decision makers were critical throughout the sale process. In addition, their ability to convey the Company’s unique business model and sustainable competitive advantages to potential investors was instrumental in driving a successful outcome,” stated Gregory Segall, Chairman and CEO of Versa.
Lincoln acted as the exclusive financial advisor to Versa and BCC Software, working closely with the management team and shareholders throughout the sale process. This included providing mergers and acquisitions and industry expertise, as well as managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
About BCC Software, LLC
Based in Rochester, New York, BCC Software creates innovative postal software solutions and provides extensive data marketing services. The company was founded in 1978 and employs approximately 80 people. For more information, visit www.bccsoftware.com.
About Versa Capital Management, LLC
Based in Philadelphia, Versa Capital Management, LLC is a private equity investment firm with more than $1.4 billion of assets under management focused on control investments in special situations involving mid-market companies where value and performance growth can be achieved through enhanced operational and financial management. Versa has a diverse portfolio of North American businesses including Allen-Vanguard International, Avenue Stores, BridgeStreet Global, Polartec, SynCardia Systems and Silver Airways. More information can be found at www.versa.com.
Meet our Senior Team
I believe that open dialogue, thoughtful advice and dedicated execution are the keys to driving client success and forging lasting relationships.
Scott Twibell
Managing Director & Global Co-head, Technology
New York
View More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.