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Renovus Capital Partners Acquires Leading Data Solutions Provider, Premier International

Oct 11, 2022•about 3 years ago

Acquiring Company

Renovus Capital Partners

Acquired Company

Premier International

Professional ServicesSoftware

Description

Renovus Capital Partners ("Renovus"), a Philadelphia-area based investment firm, announced today that it has acquired a majority stake in Premier International Enterprises, LLC ("Premier" or "the Company"). Founded in 1985 and headquartered in Chicago, IL, Premier is a technology services firm offering solutions that reduce the risk associated with complex data challenges through innovative technology and consulting services. Premier leverages its proprietary software tool and team of business consultants, software developers, and subject matter experts to deliver its data-related services to the Company's deep customer base of large enterprises.

Company Information

Company

Renovus Capital Partners

About

Founded in 2010, Renovus Capital Partners is an investment firm specializing in the Knowledge and Talent industries. Renovus, based in the Philadelphia area, manages over $1 billion across several investment vehicles. The firm's current portfolio includes over 20 U.S. based businesses across its four Knowledge and Talent verticals of Education & Training, Healthcare Services, Technology Services and Professional Services. Renovus typically partners with founder-led businesses, leveraging its industry expertise and access to debt and equity capital to make operational improvements, pursue add-on acquisitions and oversee strategic growth initiatives. More information can be found at www.renovuscapital.com. SOURCE Renovus Capital Partners

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed