Creating Value for the Public Sector: Paceline Equity Partners Supports GCOM Software's Merger with OnCore Consulting

Dallas-based private equity manager, Paceline Equity Partners, recently announced its participation in a $175 million financing facility to support the merger between GCOM Software and OnCore Consulting. This strategic merger aims to create a nationwide digital software and solutions company with a focus on providing outcome-driven, repeatable software and services to the public sector market. Paceline's involvement in this transaction underlines their ability to develop relationships with strong sponsors and operating companies, allowing them to contribute the appropriate financing solution efficiently and effectively.

GCOM Software is a well-established technology company that specializes in delivering outcome-driven solutions to state and local governments. By offering SaaS solutions alongside IT and data analytics services, GCOM helps governments provide real-world program impact for residents. OnCore Consulting, on the other hand, is a respected provider of information technology consulting services for the public sector in the State of California. The merger between these two companies immediately positions them as a large-scale digital software and solutions company with a nationwide presence.

Sam Loughlin, Chief Executive Officer of Paceline, expressed his enthusiasm for supporting the growth of the GCOM platform through the merger with OnCore. He believes that Paceline's experience operating in complex credit markets allows them to provide the appropriate financing solution quickly and with certainty of closing. This collaboration not only highlights Paceline's expertise but also demonstrates their commitment to creating value for all stakeholders involved.

Leigh Sansone, Chief Investment Officer of Paceline, further emphasized the company's ability to develop new relationships with strong sponsors and operating companies. Paceline's participation in this transaction showcases their dedication to supporting the growth and success of businesses like GCOM and OnCore. With a focus on delivering software and related solutions to their customers, these companies are poised to make a significant impact in the public sector market.

This merger comes after Sagewind Capital, a New York-based middle-market private equity firm, acquired GCOM in November 2017. Since then, Sagewind has completed five add-on acquisitions, highlighting their commitment to expanding the GCOM platform and solidifying its position within the market.

Paceline Equity Partners is a Dallas-based private equity manager that specializes in value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity. With a senior leadership team that boasts an average of 20 years of professional experience, Paceline brings a wealth of expertise and knowledge to their investment strategies. The team has previously worked together for approximately 10 years at a global private equity manager and its affiliates, laying the foundation for their collaborative approach to investment.

As Paceline continues to support Sagewind and the management team of GCOM and OnCore, they remain committed to delivering software and related solutions that have high revenue visibility and provide essential services to core government programs. Through their participation in this merger and financing facility, Paceline reaffirms their dedication to creating value for the public sector and all stakeholders involved.