LLR Partners has invested in Agility Recovery. Financial terms weren’t announced. Generation Partners acquired Agility Recover in 2001 and retains a minority stake. Charlotte, N.C.-based Agility provides disaster recovery solutions. Golub Capital provided debt financing. Raymond James provided financial advice to Agility.
CHARLOTTE, NC – March 17, 2015 – LLR Partners today announced an investment in Agility Recovery (”Agility”), a national leader in disaster recovery and business continuity solutions. LLR will partner with the existing management team to help expand Agility’s sales force and extend support for members.
Following a disaster or other business interruption, Agility provides businesses of any size access to the four key elements of recovery via its ReadySuite platform – temporary power, internet and phone communications, computer and office equipment and temporary office space – to get operations back up and running. Through the myAgility secure online portal, members are provided an alert notification system, secure, cloud-based critical document storage and other helpful recovery resources. Members’ employees can also take advantage of myAgility Family, a personal disaster planning tool provided free of charge to help them become better prepared at home and consequently more likely to return to work following a disruptive event.
“Agility has created a unique, easily deployed solution to address the business continuity needs of small to medium size businesses as well as large enterprises,” says David Stienes, Partner at LLR Partners. “With an energetic, proven management team at the helm, the ability to quickly deliver affordable recovery tools in any disaster scenario and a 100% success in recovering members to date, Agility has significant opportunities ahead to continue growth.”
“LLR has a long track record of helping companies at our stage rapidly accelerate. They demonstrate a remarkable understanding of our business and will provide the expertise, strategic support and resources that Agility needs to continue to execute on our vision that every business and every community is prepared,” said Bob Boyd, President & CEO of Agility Recovery. “I’m confident that as partners we can capitalize on the opportunities ahead.”
Agility’s proven track record has earned the endorsement of more than 150 National and State trade associations in a variety of industries, including the American Hospital Association (AHA), Credit Union National Association (CUNA), Independent Community Bankers of America (ICBA) and the American Bar Association. Additionally, Agility partners with the U.S. Small Business Administration to promote preparedness at www.PrepareMyBusiness.org, a site co-developed by the SBA and Agility.
Golub Capital provided debt financing in support of this transaction and Raymond James served as exclusive financial advisor to Agility Recovery on the transaction. Generation Partners invested in Agility Recovery in 2001 and remains a minority shareholder in the business.
About Agility Recovery
Agility Recovery, a former division of General Electric, is North America’s premier provider of business continuity and disaster recovery solutions. Agility provides robust and easy-to-implement recovery solutions for an affordable monthly membership fee, including access to power generators, office space, communications and computer systems. For more than 25 years, Agility has rescued thousands of organizations after disasters, and never failed. For more information, contact firstname.lastname@example.org or call 704-927-7929.
About LLR Partners
LLR Partners is a private equity firm investing in middle market growth companies with proven business models. We invest in a broad range of industries, with an emphasis on technology and service-based businesses. Founded in 1999 and with more than $2 billion raised across four funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR, visit llrpartners.com.