PCMI, a software-as-a-service provider for finance-and-insurance product and service contract administration, has acquired the enterprise solutions business unit of StoneEagle. Included in the transaction are administration software systems supporting contract and claims management. The move unites two teams with long-standing roles in advancing administration technology across the F&I ecosystem and aligns with PCMI’s long-term growth strategy following its investment by Thoma Bravo.

StoneEagle’s retail business unit including reporting, analytics, menu and service drive products will continue operating independently under StoneEagle.

Effective Jan 1, PCMI will implement the following leadership transitions to support its next phase of growth following the acquisition. CEO and founder Mark Nagelvoort will be elevated to executive chairman, focusing on long-term strategy, mergers and acquisitions opportunities, and deepening key relationships across the F&I ecosystem.  President Clyde Owen will assume the role of CEO, responsible for day-to-day company operations, market execution, and organizational alignment.

“Both PCMI and StoneEagle have held influential roles in shaping how F&I administration has evolved,” Nagelvoort said. “By uniting our experience, we are better positioned to define the next generation of administration technology and introduce new ideas that create lasting value for the industry.”

“The enterprise solutions business unit has played an important role in delivering trusted administration capabilities to the industry,” said StoneEagle CEO Cindy Allen. “We’re confident PCMI is the right organization to carry this work forward, ensuring customers continue to benefit from strong expertise, thoughtful innovation, and a seamless transition.”