The San Francisco, Calif.-based private equity investment firm said its purchase of the global supply chain solutions provider will allow Elemica to expand its client offerings and accelerate the time to market for new products.
San Francisco, Calif.-based private equity investment firm Thoma Bravo, LLC has completed its acquisition of global supply chain solutions provider Elemica, the companies said in a joint statement.
According to the companies, the acquisition will allow Elemica to expand its client offerings and accelerate the time to market for new products by focusing its resources and investing in new technologies. Customers will “benefit from faster time to value while gaining greater returns and realizing better bottom line results,” they said when the purchase was announced last month.
“Elemica is now poised to help clients sustain growth and profitability with more robust solutions that connect trading partners for improved collaboration and quicker return on investment,” the firm said Friday.
Headquartered in Wayne, Pa., Elemica advises clients like Arkema, BASF, Continental, Dow Chemical Company, The Goodyear Tire & Rubber Company, Michelin, and Shell on supply chain optimization, replacing complex manual processes and with more efficient and reliable methods.
Financial terms of the deal were not disclosed.
“We admire what Elemica’s experienced team has created and achieved with their patented business network, saving companies billions,” A.J. Rohde, partner at Thoma Bravo, said of the purchase. “Elemica is the clear leader in the global industrial manufacturing community, and we wanted to partner with this world-class organization to help further transform the supply chains of their customers.”
“Today begins a new chapter in the Elemica story, allowing us to focus our execution on our long-term strategy of building the most robust next-generation supply chain network,” added Elemica CEO John Blyzinskyj. “The resources and flexibility provided by this acquisition makes us very excited about the opportunities that lie ahead.”
Kirkland & Ellis served as legal advisor to Thoma Bravo, while Houlihan Lokey served as financial advisor and Pepper Hamilton served as legal advisor to Elemica.
Thoma Bravo closes Elemica acquisition
