RFE Investment Partners has recapitalized Minneapolis-based ThreeBridge Solutions LLC, an information technology and business consulting services provider. No financial terms were disclosed. As a result of this transaction, ThreeBridge CEO Jim Kelly and President Jason Elder will continue to lead the company and retain a “significant” ownership stake.
RFE Investment Partners (“RFE”) is pleased to announce that it has completed a recapitalization of ThreeBridge Solutions, LLC (“ThreeBridge” or the “Company”), through which it has acquired a majority ownership interest in the Company. The Company’s founders, CEO Jim Kelly and President Jason Elder, will continue to lead ThreeBridge, and will retain a significant ownership stake in the Company. ThreeBridge provides value-added information technology and business consulting services for a diverse set of Fortune 500 and Fortune 1000 clients in the Midwest. The Company offers solutions in the areas of ERP Integration, Agile Enterprise, Business Transformation, Program Management, Project Delivery, and innovative junior consultant development through its Boom Lab program.
ThreeBridge, headquartered in Minneapolis, Minnesota, is focused on serving the growing market opportunity between global strategic consulting firms and local staffing companies. The ThreeBridge model attractively blends thought leadership and execution expertise to deliver solutions and resources to clients in a highly flexible manner. By making significant investments in training and mentoring programs that support its consultants’ career objectives, interest, and skills, the Company has become the “employer of choice” for consultants within its core markets.
ThreeBridge’s future growth will be driven by a combination of following existing clients into new markets and completing strategic add-on acquisitions that will further expand its geographic presence and continue to broaden its service offerings within the existing footprint.
“Given RFE’s track record of partnering with management teams to successfully grow their companies to the next level both through organic initiatives and add-on acquisition strategies, it was clear to Jason and I that ThreeBridge and RFE represented an ideal fit,” said CEO Jim Kelly.
“RFE is excited to partner with founders Jim Kelly and Jason Elder, two seasoned industry veterans who are well suited to grow the business and capitalize on the increasing demand for ThreeBridge services,” added Jim Parsons, Senior Managing Director at RFE.