Monthly Archives: November 2014

Edgewater Invests In Brilliance Financial Technology

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Edgewater Growth Capital Partners III, L.P. (“Edgewater”) is pleased to announce its recent investment in Brilliance Financial Technology (“Brilliance” or the “Company”). Brilliance is a software business that provides Risk-based Pricing and Customer Profitability measurement solutions to the banking industry commercial loan portfolios. The Company’s clients include some of the world’s largest financial institutions as they manage their global loan processes in the face of increasing risk and regulations. Brilliance is headquartered in Sydney, Australia with additional offices in New York and San Francisco and serves clients in North America, Europe, Australia, and Africa.

Brilliance is the first investment under a newly formed holding company called Implement Holdings, LLC. Implement Holdings is pursuing acquisitions of financial technology companies which enable financial institutions to improve operations and profitability in the areas of risk management, pricing, compliance, decision support, portfolio rebalancing and many others. Replacing outdated legacy information systems is expected to be a major priority for banks as they seek to increase revenues, reduce costs and improve regulatory compliance.

Industrial Service Solutions Expands With Four Recent Acquisitions

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Industrial Service Solutions (“ISS”), a portfolio company of Edgewater Growth Capital Partners III, L.P. is pleased to announce that it has recently completed four acquisitions:  Precision Electric Co., Inc. (“Precision Electric”), Integrated Process Technologies, Inc. (“IPT”), Pro Inspection, Inc. (“Pro Inspection”) and M&L Valve Service, Inc. (“M&L Valve”).  Each of these companies provides specialty industrial services to its client base and has built a reputation of quality, responsiveness and superior technical expertise.  These companies will augment the ISS platform with additional products and services, talented personnel and physical assets in new territories.

  • Precision Electric sells, services and repairs all makes and models of electric motors, pumps, controls and related equipment across the Southwestern U.S. The company is capable of providing repair or replacement solutions across all major motor and pump brands and models.
  • IPT distributes valves, actuators, pumps, cryogenics, controls, filtration systems, chemical storage systems and a variety of other process equipment. The company also provides value-added services including in-house engineering, shop assembly and testing capabilities.
  • Pro Inspection provides non-destructive testing and inspection of pipes, weld joints, compressors, pressure vessels and other fabricated products and equipment used by companies in various industrial and commercial markets.
  • M&L Valve specializes in valve distribution, repair and field services primarily for customers in the oil & gas and power generation industries.

ISS is building a national provider of industrial field services, repair and refurbishment of equipment found in most industrial and manufacturing facilities in North America.  This market is extremely fragmented, making it difficult for major industrial companies to find a reliable single source of repair and maintenance services for mission critical equipment. Equipment in which ISS has particular expertise includes valves, actuators, motors/generators, pumps and compressors that are critical to maintaining plant operations and minimizing downtime.  Since inception, ISS completed fifteen acquisitions and maintains over 25 service and distribution locations across the U.S. with over 500 skilled technicians.  This combination of human and physical assets enables ISS to offer a broad and valuable set of solutions to its expansive customer base.  The company maintains a robust pipeline of complementary companies that should continue the current pace of expansion and profitable growth.