PDI Technologies Acquires Blue Cow Software to Expand and Strengthen Home Heat Offerings

Rhea-AI Summary

PDI Technologies has acquired Blue Cow Software, a fuel oil and propane management software company, enhancing its offerings in the convenience retail and petroleum wholesale sectors. Based in Middleton, Massachusetts, Blue Cow Software serves approximately 375 customers across North America and provides solutions for fuel ordering, delivery optimization, and customer relationship management. This acquisition aligns with PDI's growth strategy, allowing for expanded service to its existing home heat customers.

PDI plans to invest in Blue Cow Software's technologies to drive innovation in the market.

Positive

• Acquisition strengthens PDI's position in the fuel oil and propane market.
• Blue Cow Software's proven solutions are expected to enhance PDI's service offerings.
• PDI's planned investment in Blue Cow's technologies aims to drive future growth.

Negative

• None.

Blue Cow Software solutions align with the overall growth strategy at PDI, as the global leader enters a new fuel oil and propane vertical

ATLANTA, Feb. 15, 2023 /PRNewswire/ -- PDI Technologies, a global leader delivering powerful solutions and insights that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, has acquired Blue Cow Software, LLC, a fuel oil and propane management software business. With this acquisition, Blue Cow Software will divest from Repay Holdings Corporation (NASDAQ: RPAY), a leading provider of vertically integrated payment solutions.

Blue Cow Software has built a proven solution that aligns with the overall growth strategy at PDI Technologies.

Based in Middleton, Massachusetts with approximately 375 customers across North America, Blue Cow Software is a renowned industry leader among heating oil and propane dealers. The robust capabilities it offers include fuel & service ordering, delivery route optimization & wireless communication with field teams, fuel oil- & propane-specific analytics, and customer relationship management & accounting, among other innovations.

"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," said Sid Gaitonde, President, Enterprise Productivity at PDI. "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 current Blue Cow Software customers. Additionally, PDI will begin offering Blue Cow Software solutions to both existing and future PDI home heat customers.

"The solutions and industry leadership that Blue Cow Software has provided for almost 20 years are great complements to what we offer at PDI," stated Drew Mize, EVP and GM, 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."

"We are excited at what joining PDI can offer our team members and our customers," said Nick Quaratiello, Senior Vice President, Blue Cow Software. "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 & Company and Barclays served as financial advisors to PDI and REPAY, respectively, in connection with the transaction.

About PDI Technologies

With 40 years of industry leadership, PDI Technologies, Inc. resides at the intersection of productivity and sales growth, delivering powerful solutions that serve as the backbone of the convenience retail and petroleum wholesale ecosystem. By "Connecting Convenience" across the globe, we empower businesses to increase productivity, make informed decisions, and engage faster with their customers. From large-scale ERP and logistics operations to loyalty programs and cybersecurity, we're simplifying the industry supply chain for whatever comes next. Today, we serve over 200,000 locations worldwide with solutions like the Fuel Rewards^® program and GasBuddy^®, two popular brands representing more than 20 million active users. pditechnologies.com 

For more information, contact:
Kelly O'Brien, pr@pditechnologies.com, kelly.obrien@pditechnologies.com
Keri Callaghan, PDI@peppercomm.com

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SOURCE PDI Technologies

FAQ

What is the significance of PDI's acquisition of Blue Cow Software?

The acquisition enhances PDI's capabilities in the fuel oil and propane management vertical, aligning with its growth strategy.

How will PDI Technologies integrate Blue Cow Software?

PDI plans to continue serving Blue Cow's existing customers while also offering Blue Cow's solutions to its own home heat customers.

What market does Blue Cow Software operate in?

Blue Cow Software operates in the fuel oil and propane management software market, serving approximately 375 customers in North America.

When was the acquisition of Blue Cow Software announced?

The acquisition was announced on February 15, 2023.

What are the expected benefits of the acquisition for PDI Technologies?

The acquisition is expected to enhance service offerings, enable market expansion, and drive innovation through investment in technology.