CIVC Partners Announces Investment in Industrial Networking Solutions

CHICAGO, Illinois – CIVC Partners, LP (“CIVC”), a Chicago-based middle market private equity firm focused on investing in the business services sector, is pleased to announce its investment in Industrial Networking Solutions (“INS” or the “Company”) in partnership with founder Stephen Woram, past president Mike Finley, CEO Richard Rogers, and the broader INS management team.

INS is a leading value-added reseller offering a wide range of wired and wireless products for the Internet of Things (“IoT”) market and related engineering and provisioning services. The Company was founded in 1998 by Stephen Woram, and over the last 24 years has established itself as a premier provider of wired and wireless IoT products and services to industrial and enterprise customers across the U.S. For additional information on INS, visit www.industrialnetworking.com.

“We are extremely proud of INS’ position as a market leader in the wired and wireless IoT products and services market. We believe CIVC is the ideal partner as we prepare for the next stage of growth.” said founder Stephen Woram. “CIVC has been an active investor in the IT services sector for more than a decade partnering with founders and management teams to accelerate growth. We look forward to working with the CIVC team as we continue to grow INS.”

Scott Schwartz, Partner at CIVC, added that, “INS is the market-leading platform in its sector with more than twenty years of experience delivering best-in-class wired and wireless IoT products and services to its clients.  We are excited to partner with Stephen, Mike, Richard, and the INS team to support the company in expanding its offering and pursuing strategic acquisitions.”

The partnership with INS builds on CIVC’s extensive investment experience in the IT services industry, including CATI (value-added reseller of 3D design and engineering solutions), iVision (provider of managed services and technology consulting for enterprise clients), and Allata (provider of digital engineering and development services), among others.

Ropes & Gray LLP served as legal counsel to CIVC on the transaction. Cowen acted as INS’ financial advisor, and Wick Phillips served as legal counsel to INS.

 

About CIVC Partners, LP

CIVC Partners is a Chicago-based private equity firm established in 1970 to provide growth capital to entrepreneurs and founders. Since 1989, CIVC has invested almost $2.2 billion in 78 platforms, in partnership with founders and executives in middle-market business services companies. CIVC Partners currently invests from CIVC Partners Fund VI. More information on CIVC Partners and its portfolio companies can be found at www.civc.com. If you have an opportunity that may be an acquisition candidate for INS, please contact Scott Schwartz (sschwartz@civc.com) or Alex Lieberman (alieberman@civc.com).

 

CIVC Press Contact

Kate Gallego

CIVC Partners

(312) 873-7331

kgallego@civc.com

Posted Under: Investment News