Brycer Announces Strategic Partnership with TA to Accelerate Growth

Strategic growth investment from TA aims to further scale Brycer’s critical compliance services, enhancing public safety through improved technology infrastructure

WARRENVILLE, Ill.--(BUSINESS WIRE)--Brycer (“the Company”), a leading provider of inspection, testing and maintenance (“ITM”) compliance software for fire prevention bureaus, water municipalities, state building departments and other regulatory organizations, today announced a strategic growth investment from TA Associates (“TA”), a leading global private equity firm. This partnership aims to accelerate Brycer’s growth as the Company continues its mission of improving public safety through proactive compliance services and technology.

Founded in 2011, Brycer’s cloud-based solutions help streamline building inspection processes for fire protection systems, backflows, elevators and other critical infrastructure. The Company’s flagship product, The Compliance Engine, equips Authorities Having Jurisdiction (“AHJs”) – such as fire prevention bureaus, water municipalities and state building departments – to efficiently collect, manage and track ITM reports for all commercial properties in their respective governing areas. TA’s investment will enable Brycer to further enhance its technology platform, increase staff, execute strategic M&A and expand its service offerings to address evolving compliance requirements across North America.

“Since our inception, we’ve been dedicated to providing advanced solutions that improve public safety,” said Matt Rice, Co-Founder of Brycer. “We’re immensely proud of the impact Brycer has made since our founding nearly 15 years ago and are grateful to everyone who has contributed to our success thus far. As we look to the future, we believe TA is the right catalyst to help us grow, further innovate and reach new milestones in compliance technology.”

“Leveraging its worldwide network, strategic resources, and successful track record in scaling tech-enabled businesses like ours, we believe TA will be essential in furthering our mission of fostering a safer environment for everyone,” said Bryan Schultz, Co-Founder of Brycer. “We are excited to have TA join us as our first institutional investor, and we anticipate working closely together in this thrilling new phase for our company.”

In addition to its web-based platform, Brycer offers a range of proactive services to drive increased testing and maintenance activity within a given jurisdiction, including inspection notifications, call services, analytics, consultations, 24/7 support and market education. Today, over 1,000 authorities, representing more than one million buildings, rely on Brycer to enforce code compliance, improve operational efficiency and enhance community safety.

“As local governments have become increasingly focused on mandating regular preventative inspections, Brycer has emerged as a true pioneer in the ITM software market,” said Todd Crockett, Managing Director at TA. “The Company’s proven ability to provide innovative solutions that simplify complex compliance processes has made it a valuable, trusted partner for AHJs nationwide.”

“We believe there is significant opportunity for Brycer to expand its reach into new markets and build on its service offerings, all to the benefit of its customers,” added Jason Mironov, Managing Director at TA. “We are excited to partner with Matt, Bryan and the entire Brycer team in this next phase of growth.”

The transaction is subject to regulatory approvals and expected to close in Q1 2025. Financial terms were not disclosed. Goodwin Procter LLP served as legal counsel to TA, and Deloitte LLP served as its financial advisor. Kilpatrick Townsend & Stockton LLP served as legal counsel to Brycer, and Houlihan Lokey served as its financial advisor.

About Brycer

Brycer is a trailblazer in compliance solutions, committed to simplifying the complexities of regulatory requirements for businesses across industries. The Compliance Engine (TCE), Brycer's flagship software, is renowned for its advanced features and user-friendly interface. It provides organizations with the tools to navigate and thrive in a highly regulated environment. For more information on Brycer, please visit: www.thecomplianceengine.com.

About TA

TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and businesses services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.