Blackstone Growth and affiliated funds have entered into a definitive agreement to acquire a majority stake in Priority Software from Existing investors TA Associates (TA) and Fortissimo Capital.

Priority Software offers mission-critical business applications and ERP solutions across various industries, enhancing business management through innovative, cloud-based applications. The company’s comprehensive product suite, which includes solutions for retail management, hospitality and education, is supported by a network of 100+ partners worldwide. The company has more than 17,000 customers and over 300,000 end users across multiple end markets located across five offices in Israel, the US, and Belgium. Priority has four main offerings:

1. Priority Business Applications (ERP solutions);
2. Priority Retail, a complete omnichannel, all-in-one retail management solution;
3. Priority Hospitality, a next-gen property management software; and
4. Priority Education, pedagogical management software serving schools.

Its wide range of offerings across horizontal and vertical markets allows for companies to optimize their business management with a comprehensive platform. Evercore acted as exclusive financial advisor to Priority, Fortissimo and TA, and Goodwin and Gornitzky provided legal counsel. Kirkland & Ellis and Meitar provided legal counsel to Blackstone.