Peak Rock Capital Affiliate Sells Amtech Software to Vista Equity Partners

Whats Happening:

An affiliate of Peak Rock Capital has signed a definitive agreement to sell Amtech Software to Vista Equity Partners. Under Peak Rock's ownership, Amtech, a leading provider of industrial software for the global packaging industry, has experienced significant growth. The company more than tripled its annual recurring revenue and more than doubled its team size.

Key Moves:

• Peak Rock Capital affiliate sells Amtech Software to Vista Equity Partners

• Amtech more than tripled its annual recurring revenue under Peak Rock's ownership

• The company converted to a recurring subscription revenue model and expanded geographically

By The Numbers:

• Amtech more than tripled its annual recurring revenue

• The company more than doubled its team size

• Amtech expanded into multiple geographies and end markets

Key Quotes:

• "We are extremely proud of the success Amtech has achieved under Peak Rock's ownership," said Preston Thomas, Managing Director of Peak Rock.

• "Peak Rock's partnership has been critical to Amtech's impressive growth through significant investments in the Company's team, technology and capabilities," said Chuck Schneider, CEO of Amtech.

• "We share their commitment to modernizing operations for manufacturers and are thrilled to support them in this next chapter of growth," said Jake Hodgman, Managing Director at Vista Equity Partners.

Bottom Line:

Peak Rock Capital's successful exit from Amtech Software demonstrates the fund's ability to drive significant growth and value creation in its portfolio companies. The sale to Vista Equity Partners marks a new chapter for Amtech, which has transformed its business model and expanded its market presence under Peak Rock's ownership.

Read Full Article