Advertisement
ARI
ARI Network Services

TA Associates Invests in ARI Network


ARI Network Services, a provider of software and marketing solutions to dealers, equipment manufacturers and distributors, has received a strategic growth investment from TA Associates, a private equity firm. True Wind Capital, a San Francisco-based private equity firm that completed a take-private transaction of ARI in August 2017, will remain the largest shareholder in the company.

Financial terms of the transaction were not disclosed.

“We are thrilled to complete an investment in ARI and help build upon the company’s outstanding record of supporting dealerships’ end-to-end technology needs,” said Ashutosh Agrawal, a managing director at TA Associates who will join the ARI board of directors. “We are confident that ARI is well positioned to continue to grow organically and through strategic add-on acquisitions, and look forward to contributing additional resources to support the ongoing momentum of the company.”

“ARI was built on the basis that manufacturers, distributors, dealers and service providers deserve premier solutions to automate and enhance their businesses,” said Roy W. Olivier, president and CEO of ARI. “In keeping with our roots, we believe it is critical to have value-add partners in place who are aligned with and supportive of our mission and goals. With True Wind retaining a significant stake in the business and TA Associates coming on board as a new partner, we feel fortunate to have two highly regarded investors at our side as we seek to continuously innovate and improve our suite of data-powered technology tools to enable our customers to drive sales. It is a pleasure to welcome TA to the ARI family.”

“We have thoroughly enjoyed our relationship with the entire ARI team since we successfully took the company private 18 months ago,” said Adam Clammer, a founding partner of True Wind Capital. “We are delighted to continue our relationship with ARI and are eager to begin working collaboratively with TA to help the company in its next phase of growth.”

In addition to Agrawal, Nicholas D. Leppla, a vice president at TA Associates, will join ARI’s board of directors.

Got a news tip? Contact David MacNeal