After it takes Deltek private, the equity firm says it plans to expand Deltek through acquisitions and internal growth. Thoma Bravo's website says it purchased 14 software companies in the last five years and expanded them through 29 add-on acquisitions. In a prepared statement, Holden Spaht said that “Thoma Bravo is excited to work with Deltek’s leadership team to accelerate growth of the company through the firm’s proven buy-and-build strategy.” So it sounds likes a management change might not be in the offing. Patrick Smith, Deltek's VP of corporate marketing and communications underscored that message. "Thoma Bravo has a reputation for using the team that is in place," Smith said. He continued that the firm buys companies that have management and strategies it likes. Thoma Bravo's offer is 14.6 times EBITDA earnings for the year ended June 30, but whatever the multiple, the law firms that sue at the drop of a hat for acquisitions started pumping out the announcements about investigating possible breaches of fiduciary duties by the Deltek board. So it was a short run for Deltek as a public company. New Mountain Capital, its largest shareholder, acquired a majority interest in 2005 and took Deltek public in November 2007. New Mountain agreed to the deal which is expected to close next quarter.