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Tech sales consulting firm MemoryBlue snags investment from Avesi Partners

The capital infusion will be used to support MB's initiatives as well as broaden its geographic and service-level reach.

  • Bass, Berry & Sims LLP and Clearsight Advisors, Inc. provided legal counsel and financial advisor, respectively, to Avesi on the investment
  • Chris Corcoran and Marc Gonyea are MB’s co-founders
  • Avesi Partners invests in lower-middle market and family-owned businesses

Avesi Partners has invested in Tysons, Virginia-based memoryBlue, a sales development consulting firm. No financial terms were disclosed. According to MB, the capital infusion will be used to support MB’s initiatives to broaden the company’s geographic and service-level reach and assist management in meeting market demand for its services.

Headquartered in Tysons, Virginia with additional offices in Austin, Boston, Denver, Seattle, and Silicon Valley, MB specializes in helping a wide range of high-tech clients accelerate new business growth.

Chris Corcoran, co-founder and managing partner of MB, expressed keen enthusiasm about this deal. “Avesi is the perfect partner for us as we enter our next stage of growth,” he said in a public statement. “The Avesi team’s support in helping us expand our geographic presence and grow our service offering, all while maintaining our differentiated culture and exceptional delivery standards, will be critical to driving MB’s continued success.”

Bass, Berry & Sims LLP and Clearsight Advisors, Inc. served as legal counsel and financial advisor, respectively, to Avesi.

Based in Stamford, Connecticut, with an office in Richmond, Virginia, Avesi currently has $880 million of equity capital under management, according to the firm. Among the sectors the private equity firm targets are healthcare, insurance, technology, and business services.