Harvest Partners SCF, LP Announces Investment in Professional Datasolutions, Inc.
Harvest Partners SCF, LP (“HP SCF”), the non-control private equity strategy of Harvest Partners, LP, announced it has made an investment in Professional Datasolutions, Inc. (“PDI”). Proceeds from HP SCF’s investment were used to support the acquisition of PDI by Insight Venture Partners (“Insight”).
Based in Alpharetta, Georgia, PDI is a leading provider of enterprise software solutions to the convenience retail, wholesale petroleum and fuel logistics industries. The Company offers a wide range of mission-critical software solutions for convenience stores and wholesale / logistics companies to manage their day-to-day operations.
Steve Duke, Partner & Co-Head of HP SCF, said, “PDI is the leading vertical software business serving the attractive C-store and related fuel supply chain end markets and has demonstrated impressive organic and inorganic growth under CEO Jimmy Frangis. We are excited to partner with Insight, a premier software investor, existing investors Genstar Capital and TA Associates, and management and look forward to supporting the Company as it continues on its growth trajectory.”