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News

Procurement Advisors Receives Strategic Growth Investment from Bregal Sagemount

Date: 04 Jun 2019
Category: Portfolio news
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Atlanta-based group purchasing organization Procurement Advisors, LLC (“PA”) today announced that it has received a significant growth investment from New York-based private equity firm Bregal Sagemount.

PA is the leading technology and data-enabled group purchasing organization (“GPO”) focused on the maintenance, repair, and operating supplies (“MRO”) market. As a part of the transaction, PA founders Suja Katarya and Keith Brower will continue to retain a significant stake in the business.

"We are very excited to bring in the Sagemount team as a strategic and financial partner. We have a tremendously exciting future ahead of us as we grow our membership base, strengthen our technology and processes, and expand into new product categories to drive maximum value for our members. The investment from Sagemount will allow us to further accelerate our innovations in the MRO space."

Suja Katarya

CEO and Managing Partner - Procurement Advisors

"MRO can often be an overlooked part of a company’s indirect spend, which creates a massive opportunity to drive value. We invested in Procurement Advisors because its member-centric, data-driven solution represents the market leading approach to effectively manage MRO spend."

Gene Yoon Testimonial Image

Gene Yoon

Managing Partner - Bregal Sagemount

"PA’s unique combination of purchasing power, focus on driving compliance, and constant evolution of pricing and product enables the company to manage a previously unmanageable category."

Pavan Tripathi Testimonial Image

Pavan Tripathi

Principal - Bregal Sagemount

Terms of the investment were not disclosed. Sagemount’s investment was led by Gene Yoon, Pavan Tripathi, Arjun Mehta, Gerald Castaldo and Connor Pams. Kirkland & Ellis provided legal counsel to Procurement Advisors. Goodwin Procter provided legal counsel to Bregal Sagemount.

About Procurement Advisors

Procurement Advisors is an Atlanta-based group purchasing organization that specializes in the sourcing of maintenance, repair, and operating supplies and corrugated materials for more than 500 independent and private equity-affiliated companies in over 11,000 locations globally. The Company works closely with its distributor base to negotiate and optimize pricing across over 4 million SKUs for its participating members. For additional information on its leading MRO purchasing solution, please contact Procurement Advisors directly. Call +1.404.902.5373, email PA_Contact@Procurementadvisors.com, or visit www.procurementadvisors.com.

Procurement Advisors
About Bregal Sagemount

Bregal Sagemount is a growth-focused private capital firm with over $2 billion of committed capital. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $40 million to $200 million per transaction into targeted sectors including software, digital infrastructure, healthcare IT / services, business and consumer services, and financial technology/specialty finance. For more information, please visit www.sagemount.com.

Bregal Sagemount
Media Contact:

Phil Nunes
BackBay Communications
phil.nunes@backbaycommunications.com
(617) 391-0792 

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