July 20, 2025
The 42-month hold period resulted in key milestone achievements.
New York—Theatre Capital, a holding company focused on making transformative growth investments in technology companies, has sold its stake in Technical Toolboxes Powertools, Inc. (“Technical Toolboxes”) to BVP Forge, a private equity firm for growth-oriented, self-sustaining technology and services businesses. Technical Toolboxes, headquartered in Houston, Texas, provides cloud-based insights and compliance-oriented software solutions to pipeline operators, engineering companies, inspection firms, and utility companies.
“Our investors provided invaluable partnership as we executed on our plan to deliver industry-driven software solutions that address the most pressing organizational and technical challenges in the energy sector as it undergoes digital transformation,” said Jim Schuchart, President and CEO of Technical Toolboxes. “Their passion for developing a true partnership with the leadership team was one of the major reasons I joined the company in May 2022, and they beyond delivered.”
Theatre Capital, along with HKW, a middle-market private equity firm focused on growth-oriented companies, partnered with Technical Toolboxes in December of 2021 and were attracted to Technical Toolboxes’ proactive pipeline integrity and compliance software solutions supporting increased safety and team productivity. During the ownership period, Technical Toolboxes became an industry-standard SaaS application for insights in the pipeline integrity space, helping operators, utilities and service providers battle aging infrastructure and safely meet future energy demands. Theatre Capital and HKW invested heavily in engineering, software delivery, and AI enhancements, while simultaneously growing the go-to-market team to improve market impact within the midstream space.
Aeris Partners served as the financial advisor. Taft Stettinius & Hollister LLP (“Taft”) served as legal counsel to Theatre and HKW.
About Theatre Capital
Theatre Capital is a holding company that specializes in making transformative growth investments in technology companies. The firm embraces transactional and operational complexity to offer a unique approach to each situation. Over the past 20 years, the principals of the firm have closed over 50 investments by working with founders, management teams, and other stakeholders of software and tech-enabled services companies to achieve sustainable and profitable growth.