TULSA, OK – October 5, 2021 – TMA Systems, a world-class provider of advanced Computerized Maintenance Management Systems (CMMS), announced that it has secured a $68 million majority growth investment led by Silversmith Capital Partners, a Boston-based growth equity firm. The investment marks the first time TMA Systems has raised outside capital. The partnership with Silversmith will enable TMA Systems to accelerate investment in R&D and sales & marketing.
TMA Systems provides software products that enable facility professionals to centralize, schedule, and track maintenance information and operations. WebTMA, the company’s flagship product, is a webbased software solution for facility professionals who recognize that effective asset life cycle management demands access to accurate, up-to-date information. The company’s products are used by more than 1,500 organizations to maintain 55,000+ facilities across 4.5 billion square feet, including General Electric, Tulane University, Georgia Institute of Technology, Chicago Public Schools, Banner Health, Microsoft, American Airlines, Cirque du Soleil, and the Architect of the Capitol.
“We are thrilled to partner with Silversmith for the next phase of TMA’s growth,” said John C. Smith,
Chairman of TMA Systems. “Silversmith’s expertise helping enterprise software companies scale made
them a perfect choice for us. This investment will allow TMA Systems to continue on our mission of
providing our customers outstanding value through exceptional leading-edge products and world-class
“We are excited to partner with TMA Systems as their first institutional investor,” said Jim Quagliaroli,
Managing Partner of Silversmith. “Facility and maintenance professionals across healthcare, education,
and government use TMA’s platform as an essential part of their daily operations. TMA’s software
combines the best functionality of asset management software with the strength of a powerful CMMS.
As a growing, profitable provider of mission-critical workflow software, TMA is a great fit for Silversmith.
We look forward to working with TMA in this next phase of growth.”
Quagliaroli, along with Silversmith Operating Partner Marc Munfa, have joined the company’s Board of
Directors. Kirkland & Ellis served as legal counsel to Silversmith Capital Partners and Frederic Dorwart,
Lawyers PLLC served as legal counsel to TMA Systems.