Pamlico Capital completed a growth investment in CEATI International, which provides research, peer networking and benchmarking services for the electric utilities market. With the investment, CEATI will invest in upgrades to its product, service and operations.
Pamlico Capital (“Pamlico”) announced that it has completed a growth investment in CEATI International (“CEATI”), a provider of research, peer networking, and benchmarking solutions for the electrical utilities market.
CEATI is a member-driven organization whose specialized interest groups address mission-critical aspects of electric generation, transmission, and distribution tailored to utilities and government agencies. With the support of Pamlico, CEATI is investing in significant upgrades to its product, service, and operations that will increase the impact members receive from CEATI membership while retaining CEATI’s commitment to delivering practical, impactful solutions.
“We’re incredibly excited to be partnering with Pamlico as we embark on our next growth phase focused on finding ways to provide incremental value to our members,” said Alex Johnston, CEO of CEATI. “We look forward to leveraging Pamlico’s extensive experience investing in membership-based business models to support our growth roadmap as we serve our 150+ member organizations.”
“CEATI has proven its ability to deliver a strong ROI for its members who lean on the CEATI network for practical ways to address common problems in the industry. We look forward to being a part of the company’s ongoing success,” said Scott R. Stevens, Pamlico partner. Pamlico Principal Jay Henry added, “CEATI is a great business that aligns well with Pamlico’s information services investing efforts. We’re thrilled to back Alex and the rest of the CEATI team and think Alex’s previous experience at CEB and Gartner position him well to lead CEATI through this next chapter of growth.”
CEATI International was advised by GWBR LLP (legal advisor). Pamlico was advised by Alston & Bird LLP (legal advisor).
About CEATI International
CEATI International is a member-driven organization providing expert advice, research and tools to help electric utilities solve their most pressing operational and strategic challenges. With over 150 participating organizations, a well-established network of Technical Advisors and a shared-cost approach to problem solving, CEATI delivers unparalleled ROI and knowledge transfer to our utility members. For additional information, please visit www.ceati.com.
About Pamlico Capital
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle-market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: business & technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $4 billion. For additional information, please visit www.pamlicocapital.com.