FREE copy of the Uptime Elements Implementation Guide once you subscribe to Reliability Weekly

BOSTON -- June 9

TA Associates, a leading global growth private equity firm, today announced it has completed a growth equity investment in Maintenance Connection, Inc., a leading provider of computerized maintenance management system (CMMS) software. Financial terms of the transaction were not disclosed.

Maintenance Connection’s web-based CMMS platform is designed to manage all aspects of an organization’s asset maintenance operation, with the goal of optimizing asset life and lowering the overall cost of maintenance. Primary features of the software suite include work order tracking, asset management, preventative maintenance, service requests, inventory control and reporting. The software can be deployed on-premises, via a software as a service (SaaS) model, or in a hybrid configuration. Maintenance Connection’s mobile application, MC Express, offers remote access and is compatible with a broad range of smart phones and tablets. Maintenance Connection serves thousands of organizations around the world in a variety of sectors, including education, energy, healthcare, manufacturing, metals and mining, municipal government, recreation and transportation. The company was founded in 1999.

“Maintenance Connection is precisely the type of high quality business with sustainable growth opportunities in which TA seeks to invest, and we are very pleased to complete this investment in a founder-led business,” said Jason P. Werlin, a Managing Director at TA Associates who will join the Maintenance Connection Board of Directors. “Maintenance Connection is a recognized leader in the mid-enterprise asset management software market. We believe the company is well positioned for continued organic and inorganic growth, and we look forward to working with the management team on additional value creation initiatives.”

“We are confident that we have found the right partner in TA Associates and believe they will add significant value and resources to our business,” said Chris Bucher, President, Maintenance Connection. “Following another successful year in which we expanded our customer base and staffing, we believe the time is right to partner with a financial and strategic firm that shares our priorities, core values and vision for the company."

According to Research and Markets, the global enterprise asset management software market is expected to grow from $3 billion in 2015 to $4.7 billion in 2020, a compound annual growth rate of 10%. According to Gartner, managing the facilities lifecycle is often an enterprise’s second largest expense, after human capital.

“A number of trends are driving organizations to turn to asset management solutions as a financial lever,” said Ashutosh Agrawal, a Managing Director at TA Associates who will also join the Maintenance Connection Board of Directors. “These include a renewed focus on enterprise asset maintenance and expenditures, increasingly mobile workforces that necessitate the need for increased asset utilization and efficiency, and a demand for less-costly SaaS-based software solutions. Given these dynamics, we expect significant continued growth for Maintenance Connection.”

Lane Powell PC served as legal counsel to Maintenance Connection. Goodwin Procter LLP served as legal counsel to TA Associates.

About Maintenance Connection

Maintenance Connection is a rapidly-growing company that is leading the way in maintenance management. Delivering a full-featured, web-based maintenance management (or CMMS) solution, Maintenance Connection includes Work Order Tracking, Preventive Maintenance (PM) Software, Asset Management, Inventory Tracking, Procedure Libraries, Labor Scheduling and Service Requests, all available through a web browser or through an organization’s local network. Maintenance Connection offers a unique and intuitive user interface built on a robust database infrastructure, and it comes at a highly competitive price point. For more information about the company and its products, visit

About TA Associates

TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 460 companies around the world and has raised $24 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the business services, consumer, financial services, healthcare and technology industries. More information about TA Associates can be found at

Upcoming Events

August 8 - August 10, 2023

Maximo World 2023

View all Events
80% of newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
Internet of Things Vendors Disrupting the Asset Condition Management Domain at IMC-2022

Internet of Things Vendors Disrupting the Asset Condition Management Domain at IMC-2022 The 36th International Maintenance Conference collocated with the RELIABILITY 4.0 Digital Transformation Conference [East]

Asset Management Technology

The aim of the Asset Management technology domain is to assure that IT/OT systems are focused on creating the value from the assets and that the business can deliver to achieve organizational objectives as informed by risk.


TRIRIGAWORLD AWARDS honors excellence in space optimization and facility management, A event to further advance asset management

IMC-2022 Who's Who: The World's Best Run Companies

The International Maintenance Conference (IMC) provides a fresh, positive community-based curated experience to gain knowledge and a positive perspective for advancing reliability and asset management through people, their managers, the strategy, the processes, the data and the technology. The world’s best-run companies are connecting the workforce, management, assets and data to automate asset knowledge that can be leveraged for huge beneficial decisions.

Uptime Elements Root Cause Analysis

Root Cause Analysis is a problem solving method. Professionals who are competent in Root Cause Analysis for problem solving are in high demand.

Reliability Risk Meter

The asset is not concerned with the management decision. The asset responds to physics

Why Reliability Leadership?

If you do not manage reliability culture, it manages you, and you may not even be aware of the extent to which this is happening!

Asset Condition Management versus Asset Health Index

Confusion abounds in language. Have you thought through the constraints of using the language of Asset Health?

Seven Chakras of Asset Management by Terrence O'Hanlon

The seven major asset management chakras run cross-functionally from the specification and design of assets through the asset lifecycle to the decommissioning and disposal of the asset connected through technology

Reliability Leader Fluid Cleanliness Pledge

Fluid Cleanliness is a Reliability Achievement Strategy as well as an asset life extension strategy