Bunker Hill Exits Rizing

Bunker Hill Capital has sold Rizing, a provider of SAP functional and technical consulting services, to One Equity Partners.

Rizing was formed by Bunker Hill in December 2014 to serve as the parent company of Vesta Partners, a provider of SAP Enterprise Asset Management (EAM) services; and /N SPRO, a provider of SAP Human Capital Management (HCM) services. Rizing is headquartered in Stamford, CT (www.rizing.com).

Editor’s note: SAP is a multinational software corporation that makes enterprise software to manage business operations and customer relations. The company’s Enterprise Asset Management (EAM) software supports organizations by managing the lifecycle of physical assets resulting in reduced operating costs, better-managed capital expenditures, and asset utilization; and its Human Capital Management (HCM) software supports the process of recruiting, developing and optimizing an organization’s human resources.

“Together with an excellent management team, we built an SAP-centric consulting business through a combination of acquisitions and organic growth into one of the leading SAP consulting firms with 14 offices around the world,” said Mark DeBlois, a Managing Partner of Bunker Hill Capital.

Vesta was acquired by Bunker Hill in December 2012. The company operates a functional and technical consulting practice focused on EAM solution architecture and configuration for customers in asset intensive industries. The functional consulting practice is focused on architecting and integrating SAP EAM modules, which help customers track, manage and report on capital asset usage. Vesta has a specialization in the utilities, mining, rail, and oil & gas sectors. The company was founded in 2005 (www.vestapartners.com).

/N SPRO was acquired by Bunker Hill in August 2009. The company provides consulting services for SAP software such as SuccessFactors, SAP for Retail, SAP mobile solutions and SAP HCM (www.n-spro.com).

“We are very appreciative of Bunker Hill Capital and all they did to help us grow Rizing into the leading global SAP company that it is today,” said Mike Maiolo, CEO of Rizing. “The partners at Bunker Hill created a solid strategic framework while providing the right level of autonomy for us to successfully drive positive results.”

Bunker Hill makes control investments in companies with EBITDAs between $5 million and $20 million, and enterprise values up to $120 million.  Sectors of interest include industrial products, business services, consumer products, and specialty retail.  The firm has offices in Boston and San Diego (www.bunkerhillcapital.com).

“The Bunker Hill team was a true value-added partner and built a collaborative relationship with our team right from the beginning,” said Carl Graves, CFO of Rizing. “They took the time to understand our business and industry in order to provide a deep and comprehensive partnership with the Rizing management team.”

One Equity Partners, the buyer of Rizing, is a middle-market private equity firm that invests in industrial, healthcare, and technology companies that are based in North America and Europe. Since 2001, the firm has invested in more than 140 transactions worldwide. One Equity, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York and Chicago, and an advisory office in Frankfurt, Germany (www.oneequity.com).

© 2018 Private Equity Professional | January 25, 2018

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