PDI Technologies acquires Blue Cow Software

PDI Technologies acquired Blue Cow Software, a fuel oil and propane management software business based in Middleton, Massachusetts.

With the acquisition, Blue Cow Software will divest from Repay Holdings Corp., a provider of vertically integrated payment solutions.

Blue Cow Software’s capabilities for heating oil and propane dealers include fuel and service ordering, delivery route optimization and wireless communication with field teams, fuel oil- and propane-specific analytics, and customer relationship management and accounting.

“The Blue Cow Software team has built a proven solution that aligns with the overall growth strategy at PDI as we continue our work of connecting convenience retail and petroleum wholesale across the globe,” says Sid Gaitonde, president of Enterprise Productivity at PDI, in a news release announcing the deal. “PDI will accelerate the continued growth of Blue Cow through ongoing investment in its technologies and innovations.”

With the acquisition, PDI will continue to serve Blue Cow Software’s approximate 375 customers across North America. Additionally, PDI will begin offering Blue Cow Software solutions to both existing and future PDI home heat customers as the global company enters a new fuel oil and propane vertical.

“The solutions and industry leadership that Blue Cow Software has provided for almost 20 years are great complements to what we offer at PDI,” says Drew Mize, executive vice president and general manager of North America Enterprise Productivity at PDI. “The Blue Cow team already is incredibly accomplished in a complicated vertical, and we welcome their extensive expertise and experience as we prepare to expand together at PDI.”

Adds Nick Quaratiello, senior vice president of Blue Cow Software, “We are excited at what joining PDI can offer our team members and our customers. We’ve always focused on creating powerful, yet practical tools for heating oil and propane dealers, and we look forward to expanding our innovations with PDI and its long-term investment.”

Berenson & Co. and Barclays served as financial advisers to PDI and Repay, respectively, in connection with the transaction.

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