Riordan, Lewis & Haden | Equity Partners has made an investment in Utegration LLC, a provider of consulting, customization and implementation solutions for the utility industry. No financial terms were disclosed.
LOS ANGELES, Nov. 10, 2016 /PRNewswire/ — Riordan, Lewis & Haden | Equity Partners (RLH) is pleased to announce our investment in Utegration LLC, a fast-growing provider of consulting, customization, and implementation solutions to the utility industry. The Company helps its clients to substantially upgrade their systems for customer billing and service and to improve the software infrastructure that manages the utility’s network of advanced meters at customer locations. Utegration implements solutions that enhance utility customer satisfaction, achieve regulatory mandates for improvements in service, provide valuable detailed data regarding resource usage by customer, and prepare utilities to address the increasing complexity of the power grid.
The Company has consistently earned recognition for the quality of its work. For example, SAP (the leading provider of enterprise-class software to the utility industry) selected Utegration as Partner of the Year for the utility industry. Also, Utegration was listed as a “Vendor to Watch” in a November 2015 Gartner report, “Market Trends: How Service Providers Can Differentiate for Business Process Optimization Services”. For more information about the Company, please visit www.utegration.com.
RLH is pleased to partner with Utegration’s management team to help further accelerate its growth. Rob Zielinski and Kevin Cantrell of RLH commented, “Utegration is uniquely positioned to help utilities undertake a digital transformation. By combining the power of advanced software, the cloud, and the data now being collected by smart meters, Utegration is enabling utilities to provide dramatically higher service levels to consumer and business customers. We are especially proud to be working with Utegration because they have developed a culture that promotes continuous learning, embraces diversity, and promotes the professional development of their employees. We look forward to helping the team to build an even more successful future.”
Riordan, Lewis & Haden is a private equity firm which uniquely enables entrepreneurs to build distinctive high-growth businesses and realize their aspirations. Leveraging an average of 19 years of private equity experience, the RLH team provides superior strategic guidance to its portfolio companies, while embracing the entrepreneurial spirit and vision of those companies’ founders. RLH has developed proven processes to enhance organic growth and drive enterprise value in the business services, healthcare, and government services sectors. With a 30+ year history of successful investing, RLH strategically partners with fast growing enterprises having $25-150 million of revenue to help them achieve their goals. The firm currently manages over $600 million of assets and is actively seeking new portfolio company investments.