# Thoma Bravo: A Search-Fund Exit Buyer

The top of the software buyout market, and a buyer that asks the operator to roll equity and stay on to run the next leg rather than hand over the keys.

- Website: https://www.thomabravo.com/

Also on this site: https://searchspheresource.com/buyers/exit
Source: https://searchspheresource.com/buyers/exit/thoma-bravo
Not dated: These rows date a purchase to a YEAR. A year padded to January the first invents a precision nobody measured.

## Who They Are

Thoma Bravo publishes an at-a-glance block on its own homepage: roughly a hundred and seventy billion dollars of assets under management, around eighty current portfolio companies, some six hundred transactions and an aggregate enterprise value near three hundred and twenty-five billion. All of it is footnoted to a stated date, and to a definition that includes control and non-control investments as well as add-ons. It describes a partnership whose managing partners have worked together for more than twenty years.

In the release that matters here it names its own adjacent holdings in risk, compliance, safety and supply-chain software. That is how a searcher should read any approach from a firm this size: it already owns the neighbors and is pricing what you add to them. The same release says the management team and founders retained a minority stake, so the conversation to prepare for is about rolling equity and running the next leg rather than about an exit.

## The Exits They Bought

Each row is a company a searcher built, with the year of the exit and the sources that establish both halves: the buyer's own announcement, and the record showing the company was searcher-owned.

### PEC Safety (2018)

Colby Lane bought PEC Safety through a search fund backed by Anacapa and Pacific Lake and took a Louisiana contractor-management business national. No primary source states the year he bought it; his backers publish only their own investment dates. Thoma Bravo acquired it in November 2018, describing a rapidly growing contractor management software and safety learning business and quoting Lane as chief executive.

- Source: https://www.thomabravo.com/press-releases/thoma-bravo-announces-strategic-growth-investment-with-acquisition-of-pec-safety
- Source: https://www.pacificlake.com/companies/pec-safety

Site index for machines: https://searchspheresource.com/llms.txt