Great Hill Partners, a private equity firm known for investing in high-growth companies, has announced a strategic partial sale of BigChange, a leading provider of field service management software, to Simpro Group, a global player in the same sector. Despite this sale, Great Hill will retain a minority stake in BigChange, underscoring its commitment to the company’s continued growth and success.
Since being acquired by Great Hill in 2021, BigChange has experienced significant growth and transformation. The company has successfully increased its revenue by 2.5 times and expanded its customer base to over 2,200 clients. In addition, BigChange has launched several innovative products that have enhanced its offerings in the field service management space.
Richard Warley, CEO of BigChange, expressed gratitude for Great Hill’s role in the company’s development. He stated, “Great Hill has been instrumental in positioning BigChange at the forefront of the mobile workforce management space. We have been able to leverage the firm’s deep industry knowledge, operational expertise, and global relationships.” Warley described the transaction as a reflection of the years of collaboration between BigChange and Great Hill, highlighting the dedication and hard work of the entire BigChange team.
Drew Loucks, Managing Director at Great Hill, noted the firm’s pride in supporting BigChange over the past three years. He stated, “We have worked closely with the entire management team to help transform the company into a top choice among field services management professionals in the UK. We look forward to the company’s next chapter with Simpro Group and are confident that BigChange will continue to accelerate growth through enhanced offerings, increased scale, and even greater resources.”
Founded with the mission of modernising mobile workforce management, BigChange aims to provide an all-in-one job management software solution that helps businesses operate more efficiently. The partnership with Great Hill has played a crucial role in achieving this vision, enabling BigChange to expand its reach and enhance its service offerings.
Martin Port, Founder and Chairman of BigChange, expressed enthusiasm about the future. “We are excited to continue our leadership position and scale our business further as part of the Simpro Group,” he said. Port’s statement reflects the company’s ambition to leverage Simpro’s global presence to further develop its innovative solutions for the field service industry.
Simpro Group’s acquisition of BigChange marks a significant milestone in the field service management landscape. The collaboration is expected to enhance BigChange’s capabilities and accelerate its growth trajectory by providing access to additional resources and expertise.
The field service management sector has been increasingly recognised for its potential to streamline operations and improve efficiency for service providers. BigChange’s comprehensive platform is designed to address the needs of businesses in sectors such as transport and service management, making it a valuable player in the industry.
As BigChange embarks on this new chapter under the Simpro Group, the company remains focused on delivering cutting-edge solutions that meet the evolving needs of its clients. The retention of a minority stake by Great Hill Partners signals ongoing support for BigChange’s future endeavours, as both companies work towards redefining the standards of field service management.