Sverica International Management has made a growth equity investment in 7Summits, a provider of social business consulting and agency services.
“Companies are looking to leverage social networking to transform their business across every functional area as we help them to engage their employees, partners and customers to help build their business,” said Paul Stillmank, Chief Executive Officer of 7Summits. “We look forward to working with Sverica and leveraging their deep experience as we continue to aggressively grow our business and expand into new markets.”
7Summits is a provider of social business consulting and agency services. 7Summits offers its customers expertise in social business strategy, community experience design, platform development and integration, as well as community activation. 7Summits was founded in 2009 and is headquartered in Milwaukee (www.7summitsagency.com).
“We are impressed by the talented team of social business experts, the strong client relationships, and the track record of quality work product that 7Summits has built in its short history. 7Summits has demonstrated an impressive level of sustained growth while driving profitability, making the company a great addition to our portfolio,” said Jordan Richards, Managing Director at Sverica. “We are excited to partner with Paul Stillmank and his management team to expand 7Summits’ leadership position in this nascent market and capitalize on growing demand for social business solutions.”
Sverica invests in service oriented businesses and light industrial manufacturers. The firm targets companies with enterprise values under $100 million and EBITDAs greater than $3 million. Sverica was founded in 1993 and has over $425 million of assets under management across three funds. The firm has offices in Boston and San Francisco (www.sverica.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-18-13
