TMA Systems’ $68 Million Growth Investment

Kirkland & Ellis advised Silversmith Capital Partners on the deal.

TMA Systems, a world-class provider of advanced Computerized Maintenance Management Systems (CMMS), completed a $68 million majority growth investment. Silversmith Capital Partners, a Boston-based growth equity firm, led the transaction. The investment marks the first time TMA Systems has raised outside capital. The partnership with Silversmith will enable TMA Systems to accelerate investment in R&D and sales & marketing.

TMA Systems provides software products that enable facility professionals to centralize, schedule, and track maintenance information and operations. WebTMA, the company’s flagship product, is a web-based software solution for facility professionals who recognize that effective asset life cycle management demands access to accurate, up-to-date information. The company’s products are used by more than 1,500 organizations to maintain 55,000+ facilities across 4.5 billion square feet, including General Electric, Tulane University, Georgia Institute of Technology, Chicago Public Schools, Banner Health, Microsoft, American Airlines, Cirque du Soleil, and the Architect of the Capitol.

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. 

The Kirkland team was led by corporate partners Duncan Enista (Picture) and Christian Atwood and associates Kendahl Mordini and Aubrey Trudeau, debt finance partner Josh Peary and associates Jacob Klapholz and Alli McTague, tax partner Lee Morlock and associate Paul Hendrickson, and technology & IP transactions partner Matt Lovell and associate Sheila Salehpour.

Involved fees earner: Christian Atwood – Kirkland & Ellis; Duncan Enista – Kirkland & Ellis; Paul Stephens Hendrickson – Kirkland & Ellis; Jacob Klapholz – Kirkland & Ellis; Matthew Lovell – Kirkland & Ellis; Allison McTague – Kirkland & Ellis; Kendahl Mordini – Kirkland & Ellis; Lee Morlock – Kirkland & Ellis; Josh Peary – Kirkland & Ellis; Sheila Salehpour – Kirkland & Ellis; Aubrey Trudeau – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Silversmith Capital Partners;