Paso Robles, California-based BevLogic, initially founded in 1997 as Compli, aims to become a premier regulatory compliance provider in the beverage alcohol sector. The company offers a comprehensive suite of solutions, including software, returns and reporting, licensing, and product registration, designed to assist beverage alcohol producers in meeting their regulatory requirements. Rachel Dumas Rey, the founder of BevLogic, will serve as the Chief Executive Officer.

Performant Capital, a Chicago-based private equity firm that partners with software and technology-enabled service companies, facilitated the acquisition. Michael Ciaglia, a Partner at Performant Capital, stated the investment underscores the firm’s commitment to supporting founders who have developed mission-critical software, where Performant Capital’s operational expertise can contribute to future growth. He highlighted the attractiveness of the beverage alcohol industry’s comprehensive regulatory compliance solution, which incorporates returns, licensing, and product registration offerings.

Rachel Rey, Founder and Chief Executive Officer of BevLogic, expressed her enthusiasm about reuniting with the industry team to serve the numerous beverage alcohol producers who rely on BevLogic for regulatory compliance expertise. Rey noted her decision to partner with Performant Capital was influenced by their founder-centric model, expertise in the beverage alcohol sector, and their commitment to investing in future product development. She also stated that the collaboration is expected to expand BevLogic’s software platform capabilities and maintain high standards of customer support.

The transaction specifically excludes AvaTax for Beverage Alcohol, a cloud-based sales tax calculation product, which will remain under Avalara’s ownership. The financial terms of the deal were not disclosed.

Performant Capital focuses on investments in technology-driven companies within the lower middle market, spanning software, technology-enabled services, and data intelligence products. The firm seeks opportunities where its investing and operating experience can significantly enhance performance.