Private equity firm Strattam Capital LLC made a majority investment in MHC Software Inc., which provides enterprise content automation and document management software solutions.
Minneapolis-based MHC concurrently purchased Vanguard Systems Inc., a workflow and process automation solutions provider with offices in Pennsylvania and California. The company added all Vanguard employees to its team. The merger expands MHC's customer base to more than 1,100.
MHC also promoted Gina Armada to CEO from COO and named co-founder John Shields board chairman.
Madison Capital Funding provided debt financing for the deal. DC Advisory was the exclusive financial adviser to MHC.
