LLR Partners has made an investment in Agility Recovery, a disaster recovery and business continuity services provider.
“Agility has created a unique, easily deployed solution to address the business continuity needs of small to medium size businesses as well as large enterprises,” says David Stienes, Partner at LLR Partners. “With an energetic, proven management team at the helm, the ability to quickly deliver affordable recovery tools in any disaster scenario and a 100% success in recovering members to date, Agility has significant opportunities ahead to continue growth.”
Customers pay Agility Recovery a monthly membership fee and in return have access – in the event of a business interruption – to power generators, office space, communications and computer systems. The company is a former division of General Electric and is headquartered in Charlotte, NC (www.agilityrecovery.com).
LLR Partners invests in technology and service businesses that have annual revenues of $25 million to $250 million. The firm’s target companies include those that serve commercial and government clients in the physical and cyber security markets, as well as government contractors to the US homeland security, defense, intelligence and healthcare agencies. LLR is currently investing out of its fourth fund with $930 million of capital commitments. The firm has offices in Philadelphia, PA and Arlington, VA (www.llrpartners.com).
Generation Partners (www.generation.com) invested in Agility Recovery in 2001 and remains a minority shareholder in the business.
Golub Capital (www.golub.com) provided debt financing in support of this transaction and Raymond James (www.raymondjames.com) served as exclusive financial advisor to Agility Recovery on the transaction.
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-17-15
