Thoma Bravo portfolio firm Veriforce agrees to buy CHAS

• Veriforce is a supply chain risk and compliance management
• CHAS provides health and safety assessments and risk management and compliance services
• The combined company will have a platform for more than 3,200 companies

Thoma Bravo-backed Veriforce announced that it has signed a definitive agreement to buy CHAS, a UK compliance management firm, from the London Borough of Merton.

Veriforce is a supply chain risk and compliance management company with headquarters in Houston, Texas and offices in Covington, Louisiana, as well as Calgary and Toronto in Canada and Pretoria in South Africa. After combining with CHAS, the firm will have a platform for more than 3,200 companies in over 130 countries with over 80,000 contractors.

Veriforce describes itself as a supply chain risk performance network, comprising more than 750 hiring clients, more than 50,000 contracting companies, 7,000 accredited safety trainers and authorised evaluators, and over 2.5 million workers.

CHAS provides health and safety assessments and risk management and compliance services.

Thoma Bravo is a private equity firm with more than $122 billion in assets under management as of 30 June. It focuses on the software and technology sectors. The firm has offices in Chicago, Miami, and San Francisco.

Veriforce and Thoma Bravo first got together in 2019 when PEC Safety, a portfolio company of Thoma Bravo, merged with Veriforce, backed by Greenridge Investment Partners.