LLR Partners has made an investment in Alsbridge, a provider of IT benchmarking, outsourcing consulting and network advisory services.
“Alsbridge has exhibited tremendous growth over the past 10 years and is uniquely positioned to be the industry leader in IT and telecom sourcing, benchmarking and transformation services,” said Howard Ross of LLR Partners. “With a very experienced management team at the helm and a proven track record of success, the company is set for continued expansion in a largely untapped market.”
Alsbridge is a consulting firm that provides data-driven benchmarking, outsourcing consulting and network advisory services for CIOs. Services include identifying and engaging vendors for its clients, negotiating best practice terms at fair market prices and improving ongoing vendor management in the IT infrastructure services, network carrier services, hardware and software, application support and development, business processes and cloud services sectors. Alsbridge, founded in 2003, has 175 employees and is headquartered in Dallas (www.alsbridge.com).
The new financing will be used to support Alsbridge’s continued growth plan, propelled recently by its acquisition of Telwares, a network optimization consulting firm. MHT Partners, a Dallas-based investment bank (www.mhtpartners.com), served as the exclusive advisor to Alsbridge on both the acquisition of Telwares and the investment from LLR.
“Alsbridge has created an end-to-end solution to help companies realize more strategic value and cost savings from their technology and telecom vendors,” said Ben Trowbridge, founder, Chairman and CEO of Alsbridge. “Our partnership with LLR introduces new relationships, capital and strategic guidance to support that vision and provides Alsbridge the flexibility to quickly take advantage of additional acquisition opportunities and reshape the benchmarking, outsourcing consulting and network advisory landscape as we continue to grow.”
LLR Partners makes both minority and control investments in middle market growth companies. Industries of interest include healthcare; financial and business services; information technology; and education. LLR is currently investing out of its $800 million third fund, LLR III. The firm has over $2 billion of assets under management and is located in Philadelphia (www.llrpartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-8-13
