SC&H Capital Advises Acadia Software in Sale to Epicor

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SC&H Capital (“SC&H”), a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Systems Alliance, Inc. dba Acadia Software (“Acadia”), has been acquired by Epicor Software Corporation (“Epicor”), a portfolio company of Clayton, Dubilier & Rice and CVC Capital Partners.

Headquartered in Hunt Valley, MD, Acadia is a SaaS connected worker platform providing real-time, actionable insights and step-by-step guidance directly to frontline workers in manufacturing and other supply chain industries. Acadia is purpose-built to address current workforce problems, empower an independent workforce, and improve employee productivity, engagement, and retention.

“SC&H brought unique insights and strong understanding of the connected worker M&A market to our leadership and board from the outset of our internal planning,” said Ric Hughes, CEO. “The SC&H team listened to our value proposition beyond the manufacturing floor, and incorporated that into their positioning, ultimately yielding an ideal result for the company and our team.”

By integrating Acadia’s capabilities, Epicor customers will be able to empower their frontline teams to execute tasks with precision, providing them with real-time data, digital work instructions, and task management tools that contribute to continuous improvement across their organizations. “Joining Epicor gives us an opportunity to connect even more frontline workers to the tools and know-how they need to work independently, while also providing resources and capabilities to better serve our existing Acadia customers,” said Josh Crone, Vice President and Chief Technology Officer at Acadia.

“It was a pleasure working with Ric, Josh, and the Acadia team on this transaction,” said Craig Bowden, Managing Director at SC&H Capital. “They have built an industry leading platform in the connected worker space with digital work instructions + skills management, and Epicor is the perfect partner to help accelerate opportunities across industry end markets.”

Epicor is a leading enterprise resource planning (ERP) software provider to middle market and enterprise customers across the manufacturing, building supply, distribution, automotive, and retail industries.

About SC&H Capital

SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, capital raises, financial restructurings, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, consumer, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.

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