Investment Summary

IMB Partners and Graycliff Partners Invest In E&E IT Consulting Services

On July 19, 2014, private equity firms IMB Partners and Graycliff Partners invested in information technology company E&E IT Consulting Services

Investment Highlights
  • This is IMB Partners’ 1st and Graycliff Partners’ 1st transaction in the Information Technology sector.
  • This is IMB Partners’ 1st and Graycliff Partners’ 18th transaction in the United States.
  • This is IMB Partners’ 1st and Graycliff Partners’ 1st transaction in Pennsylvania.

Investment Summary

Date 2014-07-19
Target E&E IT Consulting Services
Sector Information Technology
Investor(s) IMB Partners
Graycliff Partners
Deal Type Growth Capital

Target

E&E IT Consulting Services

Mechanicsburg, Pennsylvania, United States
E&E IT Consulting Services is an IT consulting and staffing firm that provides consultants and staff augmentation for a full range of services including systems infrastructure, development and support of web applications and helps desk support. The Company hires and manages part-time consultants to work on short and long-term assignments for clients in the private and public sectors. E&E IT Consulting Services was founded in 2002 and is based in Mechanicsburg, Pennsylvania.

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Investor(S) 2

DESCRIPTION

IMB Partners is a private investment firm focused on investing in and acquiring middle-market companies ($10 to $250 million of revenue) in partnership with management teams. The Firm has a special interest in companies that supply large corporations and the government. IMB Partners was formed in 2010 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 1 of 9
Sector (Information Technology) 1 of 3
Type (Growth Capital) 1 of 9
State (Pennsylvania) 1 of 3
Country (United States) 1 of 9
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Alder Foods

Norfolk, Massachusetts, United States

Alder Foods supplies branded and private label food items to the Defense Commissary Agency, an agency of the U.S. Department of Defense. Alder Foods sells a wide array of nationally recognized brands in milk and dairy, frozen seafood, and healthy living products. Alder Foods was founded in 1963 and is based in Norfolk, Massachusetts.

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Investor

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 23 of 72
Sector (Information Technology) 1 of 3
Type (Growth Capital) 3 of 19
State (Pennsylvania) 1 of 5
Country (United States) 18 of 67
Year (2014) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-07 Ambrell

Scottsville, New York, United States

Ambrell Corp. is a provider of precision induction heating systems, known for its application and engineering experience. Ambrell's products are produced at their ISO-9001 certified facility. Products are used in brazing, shrink fitting, bonding, annealing, curing, forging, hardening, sealing, melting, and material testing applications. Ambrell Corp. was established in 1986 and is headquartered in Scottsville, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-07 Fairway Architectural Railing Solutions

Mount Joy, Pennsylvania, United States

Fairway Architectural Railing Solutions is a manufacturer of vinyl, aluminum and composite railing systems and distributor of ancillary building products. The company offers durable vinyl railing systems and lightweight aluminum and composite rail products and accessories primarily for residential decks. Fairway Architectural Railing Solutions was founded in 1997 and is based in Mount Joy, Pennsylvania.

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