A group of investors including existing majority shareholder TA Associates, Insight Partners and OA Private Capital have recapitalized Advantive, a provider of software for manufacturing and distribution businesses.

Advantive was formed in 2022 by TA Associates and ST6, a team of software operating executives. TA and ST6 combined several businesses to create Advantive, providing enterprise resource planning, manufacturing execution systems and statistical process control software. The company offers software to more than 5,000 customers globally.

“The business has almost tripled its revenues and profits over the last two years, but most satisfying is the number of new jobs that have been created and opportunities for advancement afforded to Advantive employees,” said Hythem El-Nazer, managing director at TA. “We believe in the future opportunity of the business and are thrilled to deepen our partnership with Advantive’s management team, alongside our new co-investors, as we advance the company’s mission.”