PHILADELPHIA CREAM, October 11, 2022 /PRNewswire/ — Renovus Capital Partners (“Renovus”), a philadelphia cream-a region-based investment firm, today announced that it has acquired a majority stake in Premier International Enterprises, LLC (“Premier” or “the Company”). Founded in 1985 and based in Chicago, IL, Premier is a technology services company providing solutions that reduce the risks associated with complex data challenges through innovative technology and consulting services. Premier relies on its proprietary software tool and team of business consultants, software developers and subject matter experts to deliver its data-related services to the company’s extensive large enterprise customer base.
Renovus’ investment comes during a period of exceptional growth at Premier, which was recently named to the prestigious Inc. 5000 list of the nation’s fastest-growing private companies. With support from Renovus, Premier plans to use this investment to further enhance its software product, pursue strategic acquisitions and enhance its customer service offerings.
“Renovus brings significant investment experience in the technology services industry, and we are excited to leverage their insights to refine our strategy, evolve our delivery resources and expand our offerings both organically and inorganic,” said Craig Wood, CEO of Premier. “We remain focused on accelerating the future of our customers by bringing them transformative data solutions and we are confident that Renovus and their investment will unleash the full potential of Premier to support this goal.”
“As organizations evolve and the big data market grows, companies are increasingly focusing on having clean, quality data available in a centralized location,” said Atif Gilani, Founding Partner at Renovus. “Premier is well positioned to take advantage of these trends with its differentiated data migration offerings combined with recently introduced new features including master data management and data governance. »
As a platform investment for the company, Renovus is actively identifying potential acquisitions that will help expand Premier’s current product and service offerings. “With Premier’s strong management team and clear vision for the future, we are delighted to provide the resources needed to accelerate the company’s growth and success,” said Jane BuckleySenior Associate at Renovus.
Ascent Advisory Partners acted as financial advisor to Premier. DLA Piper served as legal counsel to Renovus.
About Premier International Enterprises
Premier International Enterprises, LLC is a Chicagotechnology consulting firm specializing in data migration. The company’s innovative services and Applaud® software reduce the overall risk of a technology transformation and ensure that projects stay on track, even in the most complex environments. Founded in 1985 and with over three decades of successful execution, our solutions are proven in a wide range of industries and applications. We have the knowledge and understanding to provide our customers with tailored solutions to meet their specific data migration challenges. For more information, please visit www.premier-international.com.
About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is a lower mid-market private equity firm specializing in the knowledge and talent sectors. From its base in the philadelphia cream region, Renovus manages more than $1 billion through its three sector funds and other strategies. The company’s current portfolio includes more than 25 US companies specializing in education and training, healthcare services, technology services and professional services. Renovus typically partners with founder-led companies, leveraging its industry experience and access to debt and equity capital to drive operational improvements, recruit top talent, pursue add-on acquisitions and overseeing strategic growth initiatives. More information can be found at www.renovuscapital.com.
SOURCE Renovus Capital Partners