Epicor completes Solarsoft Acquisition

Epicor Software has completed its previously announced acquisition of Solarsoft Business Systems. The company completed its acquisition of Solarsoft Business Systems for $155 million which was funded with cash on hand and a draw on an existing revolving credit facility of $69 million.  

The acquisition of Solarsoft extends Epicor’s position as a leading provider of complete end-to-end enterprise business solutions for discrete manufacturing and distribution and wholesale management solutions in key vertical industries, including lumber and building materials, automotive, and print and packaging.  

Jefferies & Company, Inc. acted as sole financial advisor to Epicor Software Corporation.

“This acquisition strengthens our leadership in the manufacturing and distribution segments worldwide,” said Pervez Qureshi, CEO & President, Epicor. “The addition of Solarsoft extends our innovative software offerings to a broader range of customers and industries –from automotive parts to packaging to life sciences, from food and beverage to electrical components to lumber and building materials. These solutions, which enable customers to monitor business and boost operating efficiency, are well aligned to Epicor offerings.  We are pleased to have completed this acquisition slightly ahead of schedule and excited to begin the process of integrating Solarsoft with Epicor.”