Leaders Strategy™ investment accelerating growth behind leading compliance and supply chain management software provider
GTCR, a leading private equity firm, announced that it has closed the acquisition of Once For All, a leading compliance and supply chain management software platform serving the built environment primarily in the United Kingdom and France, from Warburg Pincus.
As part of the Leaders Strategy™, GTCR will partner with experienced software executive David Hornsby, who has joined Once For All as Chief Executive Officer to accelerate growth at the business through product innovation, go-to market strategy enhancements, and the expansion of geographical capabilities.
Founded in 1998 and headquartered in Basingstoke, United Kingdom and Paris, France, Once For All serves as a SaaS-based network of over 150,000 construction and facilities management companies, enabling contractors and property owners to manage their supply chain of sub-contractors and ensure compliance with an increasingly complex set of public regulations and private standards. The Company’s software suite also includes a two-sided marketplace that connects contractors and property owners with qualified suppliers looking to source new business opportunities.
Mr. Hornsby has a long-track record of value creation during his decades in the software sector. He served as CEO and subsequently Executive Chairman of Ideagen, a UK-based global provider of governance, risk and compliance software, from June 2009 through May 2021, during which time he led Ideagen through a sustained period of transformational growth. Over Mr. Hornsby’s tenure, Ideagen grew through a combination of organic growth and consistent M&A, and fundamentally transformed its business model to meet client needs.
“Once For All has grown into a true market leader in the GRC space. We are excited to welcome David to the Company and believe he, along with the group of fantastic leaders at the Company today, are well positioned to accelerate the Company’s growth trajectory,” said Mark Anderson, Managing Director and Head of Technology, Media & Telecommunications at GTCR.
“I am thrilled to join the Once For All team and partner with GTCR to begin this next chapter of growth at the Company,” said Mr. Hornsby. “This is a business with a deep network and innovative solution set that is helping solve some of the greatest challenges facing companies in the built environment today. I look forward to enhancing these capabilities through continued investment and expansion and believe we can further scale the business into new markets while continuing to provide an outstanding solution for our customers.”
Jefferies served as financial advisor and Latham & Watkins provided legal counsel to GTCR. Arma Partners and William Blair served as financial advisors for Once For All and Kirkland & Ellis served as legal advisor. Management was advised by Jamieson Corporate Finance and Macfarlanes as legal counsel.
SOURCE: PRNewswire