LLR Partners has made an investment in Northfield, New Jersey-based Edmunds & Associates, a provider of software solutions for local governments. No financial terms were disclosed.
Correction: A previous version of this news report and headline misspelled Edmunds & Associates. It has since been corrected.
Philadelphia, PA and Northfield, NJ – November 1, 2018 – LLR Partners today announced a growth capital investment in Edmunds & Associates, Inc. (“Edmunds”), a leading provider of software solutions for local governments. The partnership will enable Edmunds to accelerate product innovation and scale service and support, bringing its trusted brand and customer-centric approach to local governments nationwide.
Founded in 1972, Edmunds provides fully-integrated software solutions designed specifically for local governments that are easy-to-use and feature-rich at a reasonable price. The company works with more than 850 government agencies across 13 states and offers both hosted or on-premise ERP applications as well as real-time mobile applications and self-service portals. Led by a team of CPA’s, certified tax collectors and finance officers, Edmunds focuses on building long-term customer relationships with over 70% of their employees dedicated to customer support and product development.
“At Edmunds & Associates, we are extraordinarily proud of our dynamic solutions, industry leading service and the sense of community that we provide to customers, and we’re always look for ways to advance our business on their behalf,” said Bob Edmunds, CEO. “With LLR as our partner, we now have access to value-added resources that will help us continue to innovate our software, scale service and support, and seek out other like-minded, customer-centric businesses to partner with as we grow.”
“Edmunds hit the mark by creating a high quality, integrated solution that local governments need to drive efficiency and citizen engagement at an affordable price,” said David Reuter, partner at LLR Partners. “As Bob and the Edmunds team continue to run the company and maintain the focus on the customer, we’re excited to help them take their business to the next level.”
About LLR Partners
LLR Partners is a lower middle market private equity firm committed to creating long-term value by growing our portfolio companies. We invest in select industries, with a focus on technology and services businesses. Founded in 1999 and with more than $3.5 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR, visit www.llrpartners.com. Learn how LLR, its portfolio and network collaborate to deliver growth insights in GrowthBits.