TA Associates, a global private equity firm, completed the acquisition of a majority stake in PMA Financial Network, a premier full-service provider of comprehensive financial and advisory services to municipalities, school districts and other local government entities, from Estancia Capital Partners, a private equity firm. Financial terms were not disclosed. "We are excited to enter our next phase of growth with TA as our partner. Estancia has been a great partner for PMA, and my colleagues and I are proud to have led the business through a very successful majority exit for Estancia, its co-investors, and PMA’s employee equity owners. We expect to continue our accelerated growth path under TA’s ownership," James O. Davis, PMA CEO.