Docufree Announces Recapitalization Investment from McCarthy Capital
Recapitalizationto Accelerate Growth and Expand Product & Service Portfolio
Docufree, a leading provider of enterprise information management (EIM) and digital business process services, announced a strategic investment by McCarthy Capital, a private-equity firm focused on value-added partnership for management teams, founders and families by providing capital, guidance and strategic resources to the people and companies in which they invest. McCarthy Capital is partnering with Docufree’s founder and management team, which will continue to lead the Company following the transaction.
“We are proud of the significant growth Docufree has achieved to date, thanks to the dedication and hard work of our employees and enduring commitment to our customers,” said Brad Jenkins, CEO of Docufree. “Our new partners share our respect for operational excellence and will help ensure our continued ability to invest in helping set Docufree apart. The McCarthy Capital team brings a wealth of experience and strategic resources, and we believe this partnership and recapitalization will help us accelerate our trajectory and facilitate our growth-plan initiatives.”
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This partnership will enable Docufree to enhance customer success, expand into new markets, and add key resources to the organization. The Company will also broaden its suite of award-winning EIM products and services which are helping customers digitally transform their organizations.
“McCarthy Capital is committed to supporting Docufree’s future business expansion, including through M&A,” said Matt Breunsbach, Vice President of McCarthy Capital. “2021 was an important year for Docufree, marked by record customer and revenue growth, three new services-led product launches, and one acquisition which broadened expansion into the public works sector. We are excited to partner with Docufree as they build on their proven approach and help shape the future EIM and digital business process services sectors.”
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