TA Associates Has Agreed to Acquire the Association & Events and Nonprofit Solutions Divisions of Community Brands, Which Will Be Rebranded as Momentive
TA Associates Profile
- TA Associates is a leading global private equity firm focused on scaling growth in profitable companies, specializing in the technology, financial services, healthcare, consumer and business services sectors
- The TA Associates team follows a sector-focused, partnership-oriented approach to investing, identifying and collaborating with management teams at high-quality businesses that are positioned for sustained growth
- TA Associates was founded in 1968 and is headquartered in Boston, MA
Community Brands Profile
- Community Brands is at the industry forefront of delivering cloud-based business operations software and payment solutions to accelerate the missions of more than 30,000 associations, nonprofits, social good organizations and the communities those customers serve
- The Community Brands portfolio of software and services enhances membership management and engagement, drives revenue and streamlines processes for mission-driven organizations of all sizes, offering market-leading fund accounting and fundraising solutions that are purpose-built to automate business processes and track mission progress, resulting in greater community impact
- The Association & Events and Nonprofit Solutions divisions of Community Brands will rebrand as Momentive, a change inspired by customers that reflects a sharpened focus on the unique needs of social good organizations and better articulates the company’s dedication to helping these organizations streamline business processes and heighten funding awareness to fuel mission growth
- Community Brands was founded in 2017 and is headquartered in St. Petersburg, FL
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We are fortunate to have found the right partner in TA at exactly the right time in our business transformation. We are excited to embark on this next phase of our journey with TA given their long-standing commitment to growth acceleration and track record of success. This milestone provides a major catalyst to increase our impact across the thousands of purpose-driven organizations we currently serve globally.
Mike Henricks
Interim CEO, Momentive
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I am privileged and excited to join Momentive and work alongside Mike Henricks, the thousands of committed employee team members and TA, to enable the business to reach its full potential. I have been impressed with many things over the last few months but what stands out the most is the level of passion and commitment that the Momentive team has for its customers and their communities.
Mike Mayoras
Executive Chairman, Momentive
Transaction Notes
- TA Associates’ acquisition of the Divisions of Community Brands was announced in July 2024; financial terms were not disclosed
- Shea & Company served as financial advisor to TA Associates