Genstar, TA combine Compusoft, 2020 Technologies in ‘merger of equals’


Genstar Capital and TA Associates have agreed to merge their portfolio businesses Compusoft and 2020 Technologies.

The pair will be combined in a “merger of equals” to offer an end-to-end suite of planning, design, visualization, configuration, pricing, quoting, ERP and manufacturing tools to consumers, retailers and suppliers across the kitchen, bathroom, office and residential furniture and commercial and residential windows and doors segments.

TA bought Compusoft in 2018, while Genstar picked up 2020 earlier this month from Golden Gate Capital.

Naveen Wadhera, managing director at TA, said, “Since TA’s investment, Compusoft has completed five acquisitions while also realizing sustained and meaningful organic growth.

“This growth has helped further position Compusoft as a leader, well-suited for what we believe will be a value-enhancing combination with 2020.”

Eli Weiss, managing director at Genstar Capital, said, “Compusoft and 2020 are leading companies in their respective geographies, and we are confident that this merger will provide opportunities for continued organic and inorganic growth.

“The company is now better positioned to pursue new global opportunities that will enhance customer service and build on their strong momentum.”

Earlier this year Genstar hit an $11.7bn final close for its tenth flagship fund and an overage vehicle, after just four months in the market.

The firm hit the $10.2bn hard cap for Genstar Capital Partners X, almost double the $5.5bn it collected for Fund IX two years ago.

Other recent deal activity from TA includes selling a majority stake in investment industry software and data specialist Confluence Technologies to fellow private equity house Clearlake Capital earlier this month.

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