• The Year in Review …And Beyond

 

 

 

 

 

 

Click to watch this video 

 

 

 

 

 

Dear Friends & Colleagues,

Welcome to our semi-annual Founders’ State of the Union update. Our purpose is to recognize and acknowledge multiple founders and partners on their work and success thus far in 2019, especially when they experience a wealth creation event via an exit or equity investment. It has been a great year so far, and we look forward to an equally successfully second half of the year.

First Half-2019 Update From Acresis

Among Our Founder Clients

Here are some of the highlights over the last 6 months:

My Family Care Acquired by Bright Horizon Family Solutions

Congratulations to Ben, Ollie and Amanda, Founders of www.myfamilycare.com, on their sale into the NYSE listed Bright Horizons Group, the #1 Global Leader in family and education market. UK-based MyFamilyCare provides Work Family solutions to the world’s leading employers combining an effective services strategy, with world-class cloud-based technology.

Read more here.

Knowledgent Sells to Accenture

Congratulations to Shail Jain and Peter Gibson who have built and sold their third company, Knowledgent, which helps enterprises gain deeper insights into their businesses and customers through more than 200 highly skilled “informationists” providing big data strategy, engineering, and management services in the life sciences, healthcare and financial sectors. Accenture is investing in highly skilled data specialists and leading platform and industry data capabilities…all of which led them to Knowledgent.

Read more here.

Enaxis Consulting Sells to Accenture    

Congratulations to Dhiren, Jonas and the entire Enaxis team for your sustained success. Accenture recently acquired Enaxis Consulting, a Houston-based management consulting firm with deep experience in digital capabilities, data science and agile project delivery focused on the oil and gas and airline industries. Recognized as a leading employer and collaborator on digital transformation and innovation, Enaxis has been named to the Houston Chronicle’s Top Work Places for the past five years.

Read more here

Natural Pawz Completes Sale to Independent Pet Partners Holdings

Congratulations co-founders Biff Picone and Nadine Joli-Coeur for the successful sale of Natural Pawz to Independent Pet Partners Holdings (IPPH) LLC. This husband and wife team founded Natural Pawz in 2005 after researching holistic alternatives for their own pet, and then grew Natural Pawz to 23 locations in Texas prior to their sale to IPPH. The acquisition will increase the combined market presence of the brand and expand the national store footprint to 108 stores.

Read more here.

Bobby Buka MD Dermatology decides to Merge . . . 

Acresis congratulates Bobby, Jamie and Carl on their merger with Brooklyn Dermatology to form The Dermatology Specialists (TDS). Patients gain access to an even larger network of trusted dermatologists in New York City with 10 locations in Manhattan, Queens and Brooklyn. When a patient stops by their nearest TDS location, they will see the same staff they’ve come to know and trust.

BridgePoint Sells to Tata Consultancy Services (TCS)

Acresis congratulates Barb, Jodi and Linda on the sale of BridgePoint to TCS. BridgePoint Group, LLC, is a U.S. management consulting firm catering to the financial services industry, and specializing in retirement services and processes. TCS currently has eight clients of the Top 10 US Banking Financial Services and Insurance institutions, and offers retirement services across the globe. This acquisition augments TCS’ financial services and insurance domain knowledge, particularly in the area of US retirement services, where BridgePoint’s team of experts currently provides strategic insights and advisory services around growth, business agility, customer experience and technical transformation.

Enate Named A “Hot Vendor” by HFS Research

Congratulations to Kit and the team at Enate, who are featured in the HFS Research ‘Hot Vendor’ Report. This is a huge affirmation for Enate made by the leading analyst covering the Intelligent Automation market place, and informed by direct interaction with Enate’s customers. Enate is a provider of Robotics Service Orchestration technologies, which blends together both human and digital work into seamless end-to-end process delivery. Today Enate serves global organizations, including brands such as Generali Insurance and Capgemini.

Read more here.

Transform AI awarded Gold Partner status by Automation Anywhere

Acresis congratulates Mark, Chuck and the team at TransformAI on being awarded Gold Partner status by Automation Anywhere, a global leader in Robotic Process Automation. TransformAI deploys the world’s most sophisticated cognitive and robotic process automation (RPA) solutions to deliver massive automation and transformation in business operations.

Read more here.

 

The Latest at Acresis

We now serve over 60 clients in North America and Europe that are:

Founders of privately-held companies

Post-revenue, with EBITDA, and about to embark on their scale-up stage

Based in North America and Europe

Operating in Technology, Business Services and Energy Services sectors

Typically $5M to $50M in annual revenues.

We have 20 operating partners based across North America and Europe supported by an extensive stable of world class expert associates, all specialists in their fields.

We have opened our Silicon Valley office, joining our existing locations in London, New York, Houston, Raleigh and Boston. We are hosting more than a dozen events this year at these various locations. Click here if you’d like to learn more about our events.

In our work with Founders, we continue to grow our network of eco-system partners, which includes investors, lenders, lawyers, accountants, corporate acquirers and wealth managers. Click here to see a series of videos on our eco-system partners.

We were also excited to launch our sister firm, the Founders Growth Equity Fund (FGEF). This is a Pledge Fund, designed to provide growth capital to our eligible clients. The FGEF is also a vehicle that allows our founder clients to recycle and reinvest a portion of their own proceeds into like-minded businesses that they understand very well. The FGEF has over 100 Limited Partners investors currently registered in the pledge fund. Since 2018, we have completed 5 growth equity raises for 3 of our fastest growing clients. Read more here.

We continue to feel both proud and privileged to be “founders helping founders”. Visit our website at www.acresis.com to see nearly 30 video testimonials of our Founder Advisory clients and Operating Partners talking about the issues that matter most, from raising money...to growing the business...to realizing liquidity and significant wealth creation events.

If you have any questions or feedback, please let us know by emailing danielle.park@acresis.com

Congratulations on the momentum of 2019 thus far!

 

Regards,

 

Bill, Mark, Bill