Clayton, Dubilier & Rice today announced the closing of CD&R funds’ acquisition of Epicor, a global provider of industry-specific enterprise software to industrial sectors. The transaction is valued at $4.7 billion.
Epicor is a leading enterprise software vendor delivering cloud-enabled services to more than 20,000 customers globally. Epicor’s flagship products are curated to support complex, vertical-specific workflows and provide mission-critical support to customers seeking to drive growth and profitability in their own businesses. Epicor is an acknowledged leader in the industrial end markets it serves, including manufacturing, distribution, retail, and services categories.
Upon the close, CD&R Partner Jeff Hawn assumed the role of Chairman of the Epicor Board. Mr. Hawn has more than 20 years’ experience across a range of senior executive roles in software and technology-related businesses, including serving as Chairman and Chief Executive Officer of Quest Software, Vertafore, and The Attachmate Group.
“We believe Epicor is positioned to accelerate growth in the coming years based on the company’s reputation for quality and reliability and impressive portfolio of next-generation cloud products,” said Mr. Hawn. “We are focused on applying CD&R’s experience—both in software and industrial end markets—to support the talented Epicor management team and its growth plans, including the pursuit of strategic acquisitions.”