An affiliate of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that it has participated in a $175 million financing facility to support GCOM Software LLC’s (“GCOM” or the “Company”) merger with OnCore Consulting, LLC (“OnCore”). GCOM is a portfolio company of Sagewind Capital, LLC (“Sagewind”), a New York-based middle-market private equity firm.

GCOM is a well-known technology company that specializes in outcome-driven solutions for state and local governments. GCOM’s SaaS solutions, coupled with its IT and data analytics services, help governments to provide real-world program impact for residents. OnCore is a respected provider of information technology consulting services for the public sector in the State of California. This combination immediately creates a nationwide large-scale digital software and solutions company focused solely on the public sector market, providing outcome-driven, repeatable software and services.

“We are excited to support Sagewind in their continued growth of the GCOM platform via the merger with OnCore,” said Sam Loughlin, Chief Executive Officer of Paceline. “We believe our experience operating in complex credit markets enabled us to contribute the appropriate financing solution with both speed and a certainty of closing.”

“Paceline’s participation in this transaction further highlights our ability to develop new relationships with strong sponsors, such as Sagewind, and operating companies like GCOM and OnCore, who together have created and grown a business with high revenue visibility that provides essential services to core government programs,” added Leigh Sansone, Chief Investment Officer of Paceline. “We look forward to supporting Sagewind and the Company’s management team as they continue delivering software and related solutions for their customers and creating value for all stakeholders.”

Sagewind acquired GCOM in November 2017, and since then, has completed five add-on acquisitions prior to this merger with OnCore.

About Paceline Equity Partners

Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity. Paceline’s senior leadership team members average 20 years of professional experience. Prior to the formation of Paceline, the senior leadership team worked together for approximately 10 years at a global private equity manager and its affiliates. To learn more, please visit www.pacelineequity.com.

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