--- title: "The Capstreet Group Announces Investment in PCS Software" description: "HOUSTON, TEXAS (July 9, 2019), The Capstreet Group, LLC has completed the majority recapitalization of PCS Software, Inc." url: https://capstreet.multisites.ai/news/the-capstreet-group-announces-investment-in-pcs-software publisher: Capstreet phone: +1-713-332-2700 contact: https://capstreet.multisites.ai/contact --- # The Capstreet Group Announces Investment in PCS Software AutomotivePublished July 9, 20193 min read ![Capstreet team members at Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_Z23gxjt.webp) **HOUSTON, TEXAS (July 9, 2019)** – The Capstreet Group, LLC has completed the majority recapitalization of PCS Software, Inc. (“PCS”) in partnership with founder and shareholder Mike Till who will continue to lead the business as Chief Executive Officer. Founded in 1997 and headquartered in Shenandoah, Texas, PCS Software develops and directly markets an integrated transportation management software solution for the inland trucking industry in the United States and Canada. The Company’s solution allows a carrier or broker to run their entire operations including dispatch, fleet management, and accounting with one integrated solution. “Today is an exciting day for PCS and our customers. We remain focused on providing a software solution that helps our customers build profitable and more efficient businesses. Our partnership with Capstreet will help us accelerate our sales and technology investments and give our customers greater tools to manage their enterprises. We are also committed to leading change in the overland trucking industry by challenging the status quo with new technologies and in doing so, we will continue to deliver on our purpose of helping trucking customers on their path to stronger and more profitable businesses. Capstreet’s expertise in building successful companies in the software and logistics sectors made them the perfect partner for PCS,” said Mike Till. Neil Kallmeyer, Managing Partner with Capstreet, commented, “Mike and the rest of the PCS team have an incredible history, and we think PCS is well positioned to capitalize on this growing and evolving industry. We are excited to partner with this team.” Kevin Johnson, a Principal with Capstreet, added, “We look forward to the opportunity to work with PCS to develop industry leading solutions to help all of their customers achieve their goals.” PCS is the eighth investment for Capstreet IV, LP, which has $340 million of committed capital. The Capstreet team for the PCS investment also included Chas Richard and Nathan Fu. Vaquero Capital served as the exclusive financial advisor to PCS. Willkie Farr & Gallagher LLP served as Capstreet’s legal counsel, while Sidley Austin LLP served as PCS’s legal counsel. ## About The Capstreet Group The Capstreet Group is a Houston, Texas based private equity firm that invests in owner-managed, lower middle market companies. Capstreet targets companies operating in the outsourced business service sector and the industrial distribution, services and manufacturing sectors. Capstreet’s approach is to partner with excellent management teams to build out corporate infrastructure, accelerate growth and profitability, and create long-term sustainable businesses. For more information, visit The Capstreet Group website, [www.capstreet.com](https://capstreet.multisites.ai/). ## Terms on this page - [Majority Recapitalization](https://capstreet.multisites.ai/glossary/majority-recapitalization) - [Lower Middle Market](https://capstreet.multisites.ai/glossary/lower-middle-market) - [Private Equity](https://capstreet.multisites.ai/glossary/private-equity) ## Keep reading - [Automotive technology private equity for dealer-focused companiesCapstreet invests in automotive technology businesses that help dealerships. The firm targets solutions for sales, marketing, finance and insurance, and service lane operations. It describes several recent investments in the sector and looks for owners with $3 to $15 million of EBITDA who want a majority capital partner.](https://capstreet.multisites.ai/industries/automotive) - [Business Succession and Exit Options: How to Choose the Right Next Step for Your CompanyOwners have five main exit paths: transfer to family, sell to management, sell to employees through an ESOP, sell to a strategic buyer, or partner with private equity. Each trades price, speed, control and legacy differently. Start planning at least three to five years before you want to step back.](https://capstreet.multisites.ai/business-succession-and-exit-options) - [Buy and Build Strategy: How a Platform Company Grows Through Add-On AcquisitionsA buy and build strategy starts with one well-run platform company and adds smaller businesses to it over time. The goal is a larger, more capable company than any single piece could be. It fits fragmented industries best. Owners of smaller firms can sell to a platform and often stay on.](https://capstreet.multisites.ai/buy-and-build-strategy) - [Construction technology private equity for software ownersCapstreet believes technology can drive large changes in construction efficiency and project delivery. It targets software businesses that support project and financial management for general contractors and sub-contractors. The firm sees the industry as early on its technology adoption curve and looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/construction) - [Capstreet deal criteria: the companies we look forCapstreet looks for entrepreneur-owned business services companies with $3 to $15 million of EBITDA. We make primarily majority investments, and entrepreneurs reinvest alongside Capstreet. We want a tenured team, solid financials, a defensive business model, untapped growth potential and a niche advantage. We invest across 12 industries.](https://capstreet.multisites.ai/deal-criteria) - [The due diligence checklist for owners selling to private equityDue diligence is the buyer's check of your business after you sign a letter of intent. Private equity firms review five areas: financial (quality of earnings), operations, tax, HR and benefits, and legal. Owners who gather clean records before the process starts shorten it and face fewer surprises.](https://capstreet.multisites.ai/guides/due-diligence-checklist-for-owners) ## Ready to get started? Let’s talk. Tell us about your company and what you want next. Conversations are private, and there is no obligation. [Start a conversation](https://capstreet.multisites.ai/contact) [(713) 332-2700](tel:+1-713-332-2700)[connect@capstreet.com](mailto:connect@capstreet.com) ![Capstreet team members at a Houston elementary school for Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_tggWP.webp)