ABC Financial's headquarters in Sherwood.
ABC Financial Services LLC of Sherwood has acquired Brazil-based Evo W12 Inovações Tecnologicas, South America’s largest provider of fitness club management software to more than 2,700 facilities across 10 countries.
ABC Financial provides software, billing and membership services to more than 7,000 North American commercial and franchise health and wellness facilities.
“This combination will provide our new South America operations with payment processing, billing and payment facilitator competencies, while providing ABC and our customers with an international-ready platform for growth,” ABC Financial CEO Paul Schaller said in a news release.
ABC’s international office and W12 will become a single international subsidiary led by W12 CEO Paulo Akiau, and the new subsidiary will oversee continued, rapid growth into the Central and South American markets as well as execute a strategy to expand ABC’s operation globally.
“Our companies’ shared core principles — customer-first culture, commitment to innovation and focused market leadership — were the driving forces supporting this transaction,” Akiau said. “I am proud to be leading this next phase of ABC’s growth into the global market.”
ABC Financial is a portfolio company of Thoma Bravo of Chicago. The firm acquired ABC in January 2018 from JBE Inc., the holding company for Jim Bottin’s fitness club management empire.
In addition, because ABC Financial was the largest subsidiary of JBE, 2018 was the last year JBE will appear on Arkansas Business’ 75 largest private companies list. Its estimated fiscal 2017 revenue was $180 million, and JBE had nearly 900 employees (also an estimate), with more than 500 of them based in Arkansas.
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