BOSTON–(BUSINESS WIRE)–July 27, 2017–
Sverica Capital Management LLC (“Sverica”) immediately announced the signing of a buy settlement to promote Offsite Archive Storage and Integrated Services (“OASIS” or “the Company”) to Montagu Non-public Fairness.
OASIS is a fast-growing supplier of Information and Info Administration (RIM) options, together with safe doc storage, shredding, imaging and scanning, and information management. This marks the end result of a really profitable partnership between Housatonic Partners (“Housatonic”) and Sverica within the constructing of a European RIM, throughout which the Firm executed over twenty add-on acquisitions, growing income roughly 4x throughout Housatonic’s and Sverica’s eight-year funding interval.
After changing into the primary institutional traders in OASIS in 2009, Housatonic and Sverica supported an skilled management crew, which have been dropped at the Firm by the traders, in increasing the Firm’s footprint from the Republic of Eire to incorporate the UK, Belgium and the Netherlands. The 2014 acquisition of Cintas’s European RIM property was a transformational funding that supplied a robust foothold on the European mainland with useful information management capabilities.
Will Thorndike, Managing Director at Housatonic, mentioned “We have been very excited to associate with Dennis and Brian at Oasis which was our fourth funding (and second with Dennis on the helm) in data management — an business which exemplifies the financial traits we give attention to. Dennis and Brian have finished a terrific job constructing the enterprise and we want them the best of luck going ahead with their new companions.”
“The super development and enterprise transformation completed by OASIS throughout our funding interval wouldn’t have been doable with out the deep experience of business veteran and Govt Chairman Dennis Barnedt and the skillful management of CEO Brian Connolly,” mentioned Dave Finley, Managing Director at Sverica. “We are grateful we had the opportunity to serve as the first institutional capital provider to the Company, and are pleased with what we were able to accomplish together.”
“Housatonic and Sverica have been fantastic partners and were instrumental in facilitating our growth,” mentioned Dennis Barnedt. “Their vison of consolidating a fragmented European RIM market allowed us to take advantage of the huge market opportunity that we will continue to pursue with Montagu.”
About Housatonic Companions
Housatonic Companions is a non-public fairness funding agency based in 1994 with greater than $1 billion in capital beneath management. The agency invests in rising, worthwhile companies with extremely recurring income. Housatonic Companions has backed distinctive management groups in additional than 85 small to mid-sized firms during the last 22 years. For extra data, please visit www.housatonicpartners.com.
About Sverica Capital Administration
Sverica is a number one lower-middle-market-focused non-public fairness agency that has raised over $700 million of funding capital throughout 4 funds. The agency acquires and actively builds firms which might be, or might grow to be, leaders of their industries. Since 2001, Sverica has maintained a “high touch” working philosophy of taking an lively function in portfolio firms. Sverica devotes important inner assets to assist its management groups develop and execute development methods. For extra data, please visit www.sverica.com.
About OASIS Group
Serving shoppers since 1999, OASIS Group is likely one of the largest and most numerous skilled document and knowledge management firms in Europe. Headquartered in Dublin, Eire with places throughout the EU, OASIS Group employs over 300 crew members and gives its providers to over 5,000 shoppers all through a number of industries together with monetary, authorized, healthcare, authorities and academic sectors. Most not too long ago, OASIS Group was awarded a place on the ‘Inc. 5000 Europe 2017’ checklist of fastest-growing non-public firms in Europe. For extra data, visit www.oasisgroup.com
Sverica Capital Administration
Nathalie Allen, 415-249-4906