An affiliate of Peak Rock Capital, a mid-market private equity firm, has confirmed it has signed a definitive agreement for the sale of Amtech Software to Vista Equity Partners.
Amtech provides an end-to-end suite of products including Enterprise Resource Planning (ERP), Manufacturing Execution System (MES), and Customer Relationship Management (CRM) solutions. The company’s comprehensive platform provides digital connectivity across these product suites with functionalities spanning the entire value chain from order to cash.
Since acquiring Amtech from its founder, Peak Rock has supported the Company’s strategic growth and operational initiatives. This included converting the company to a recurring subscription revenue model, launching new products, executing a strategic acquisition, and expanding in multiple geographies and end markets. The company also invested heavily in additional corporate infrastructure, including new information technology systems and enhanced operational capabilities. During its partnership with Peak Rock, Amtech more than tripled its annual recurring revenue (ARR) and more than doubled its headcount.
Preston Thomas, Managing Director, Peak Rock, said, “We are proud of the success Amtech has achieved under Peak Rock’s ownership. Since partnering with Amtech’s founder, Cosmo DeNicola, we have helped support the company with strategic and operational resources to achieve transformational growth, convert to a highly recurring subscription revenue model, and significantly increase its product differentiation through investments in research and development.”
Chuck Schneider, Chief Executive Officer, Amtech, added, “Peak Rock’s partnership has been critical to Amtech’s impressive growth through significant investments in the Company’s team, technology and capabilities. We look forward to continuing to support our customers with our leading software solutions.”
“Amtech combines deep industry expertise with strong customer relationships and a clear perspective on the future of packaging technology,” said Jake Hodgman, Managing Director, Vista Equity Partners. “We share their commitment to modernizing operations for manufacturers and are thrilled to support them in this next chapter of growth.”
Anthony DiSimone, Chief Executive Officer, Peak Rock, said, “This transaction is another great example of Peak Rock’s software investing strategy and the breadth of our portfolio featuring market leading technology businesses. Peak Rock has expertise in providing resources and strategic partnership to support the rapid growth of family and founder-owned businesses. We look forward to partnering with additional software businesses that can benefit from our capabilities to achieve transformational outcomes.”
