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Quorum acquired by Thoma Bravo

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LNG Industry,


Private equity investment firm Thoma Bravo LLC has announced that it has completed the acquisition of Quorum Software.

Quorum’s software provides integrated solutions for core processing demands across the upstream, midstream and downstream segments of the oil and gas value chain. The company’s portfolio of innovative software solutions addresses a broad spectrum of energy companies’ requirements, from operations to accounting, plant management and financial forecasting.

Perry Turbes, Chief Executive Officer of Quorum, said: “Thoma Bravo has the resources, insight and ability to strengthen Quorum's position as the leading provider of software solutions to the ever-evolving, dynamic energy sector.

“This partnership will enhance the already impressive track record of services and support we provide our customers in the oil and gas industry.”

Scott Crabill, a managing partner at Thoma Bravo, added: “Quorum's history of innovation and its solutions-oriented, customer-focused approach has made it the vanguard of the energy sector's digital transformation.

“We're looking forward to a strong and productive partnership with Perry and the entire Quorum team to strengthen the company's market position and support its pro-customer approach of transforming the modern oil and gas industry.”

According to the statement, Credit Suisse served as financial advisor to Quorum, while Hogan Lovells served as legal advisor. Macquarie Capital was Thoma Bravo’s financial advisor, and Kirkland & Ellis LLP was its legal advisor. Financing was provided by Credit Suisse and Macquarie Capital.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25092018/quorum-acquired-by-thoma-bravo/

 

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