LOS ANGELES, May 31, 2012 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Progressive Solutions Inc. (“Progressive”), a provider of enterprise management software for the building materials supply chain. The company’s industry-leading products, bisTrack and lumberTrack, provide software solutions to saw mills, lumber yards and suppliers of construction materials throughout North America and the UK. Progressive has been integrated with Solarsoft Business Systems (“Solarsoft”), a Marlin portfolio company.
“The acquisition of Progressive will allow us to accelerate our strategic expansion in the lumber and wood products sector,” stated Shawn McMorran, CEO of Solarsoft. “The combination brings Solarsoft a talented and successful team with deep vertical market expertise and a commitment to excellence in customer service.”
Nick Kaiser, a partner at Marlin, added “Progressive enhances Solarsoft’s global presence in the distribution and wholesale sectors, and we are very excited about the growth prospects for the combined entity.”
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 50 acquisitions. For more information, please visit www.marlinequity.com.
About Solarsoft Business Systems
Solarsoft provides modern enterprise software and IT services to manufacturers, distributors and wholesale businesses in North America, Europe and Asia. The company has grown organically and through acquisition since 1986 and employs more than 450 people providing local support across 16 time zones. More than 2,500 companies rely on Solarsoft to bring clarity and efficiency to their daily operations. The company has over 25 years of experience solving problems in accounting, finance, inventory control, warehouse management, e-commerce, logistics, manufacturing resource planning and management information. For more information, please visit www.solarsoft.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.