BigChange owners announce “partial sale”
28 October 2024
Great Hill Partners, the private equity owners of UK-based software company BigChange, has confirmed a “partial sale” of the company. No financial details of the transaction have been disclosed.
The company has owned BigChange since 2021 but is now selling part of its stake to Australian field service management firm Simpro Group.
Big Change has been successful in marketing its job management software to the UK’s equipment rental industry as well as other construction and building trades.
Simpro provides business management software tailored for trade industries, including electrical, plumbing, HVAC and security in both the residential and commercial sectors
According to Simpro, which also has operations in the US, UK and New Zealand, the deal strengthens its offering and will enable it to “scale rapidly” globally. It also adds to its existing offering, which comprises of various tools for job management, scheduling, inventory tracking, invoicing and workflow automation.
It said the addition of BigChange’s portfolio of job management software will allow it to offer more targeted solutions that help customers streamline their operations.
Gary Specter, CEO of Simpro Group, said the purchase aligns perfectly with its “customer-first mission” and will create new avenue for growth.
He said, “Our acquisition of BigChange is an exciting opportunity to bring together the best of both companies. With the integration of BigChange, we are not only expanding our portfolio and adding talented employees to our team, but also unifying our approach to field service management across the UK and the globe.
“Together, we will deliver even greater value to our customers, ensuring they receive the best solutions for their unique and evolving business needs.”
Richard Warley, chief executive officer at BigChange, added that the deal is a “testament to our years of collaboration with Great Hill,” under which company revenue more than doubled.
He said, “As we move forward as part of Simpro Group, we are creating opportunities not only for our customers but also for our employees.
“This acquisition strengthens our ability to continue to innovate and grow, and we are excited to see the combined expertise of our teams and complementary technology solutions unlock new possibilities for the future on behalf of our customers.”
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