TA Associates, a leading global growth private equity firm, today announced it has completed a majority investment in Professional Datasolutions, Inc. (PDI), a leading provider of ERP software and services to the convenience retail and petroleum wholesale marketer industries. Financial terms of the transaction were not disclosed.
PDI’s enterprise resource planning (ERP) software solution and related services are designed to help convenience store retailers and wholesale petroleum marketers more effectively operate their businesses. The company’s core system, PDI/Enterprise, features multiple suites addressing a number of functional areas, including retail automation, supply chain management, business intelligence, financial reporting and workforce management. Serving large convenience store retail chains and wholesalers, PDI has more than 330 customers primarily in the United States. The company also has a growing presence internationally. Founded in 1983, PDI is headquartered in Temple, Texas.
“PDI is the leading provider of ERP software solutions to its target market in the U.S., and is particularly well-positioned with the very largest convenience store chains,” said Hythem T. El-Nazer, a Managing Director at TA Associates who will join the PDI Board of Directors. “With a highly attractive recurring revenue model, a committed and loyal customer base, and an accomplished management team, PDI offers an exciting investment opportunity for TA. We are pleased to partner with PDI to accelerate the company’s strategic growth initiatives.”