Seguin Partners has acquired Genesis Technology Solutions Inc., a Ridgefield, Conn.-based engineering consultant focused on engineering consulting focused on manufacturing maintenance systems. No financial terms were disclosed, except that leveraged financing was provided by TDBanknorth and Ironwood Capital.
Seguin Partners Fund, LP (“Seguin”) announces the acquisition of Genesis Technology Solutions, Inc. of Ridgefield, CT (the “Company” or “Genesis”).
Genesis is an outsourced business service provider specializing in engineering consulting focused on manufacturing maintenance systems. The Company is a rapidly growing provider of mission-critical manufacturing systems expertise, including strategy, process and implementation, and has longstanding client relationships in the pharmaceutical, energy, pulp and paper, utility, waste water treatment and other industries.
Genesis CEO Burton MacArthur said, “Over the past several years we developed a very good relationship with the principals of Seguin, and, together, we have recapitalized Genesis to be positioned for accelerated growth and expanded services for our clients. The founders of the Company and its key senior executives will all remain and will play a vital role in the growth of Genesis. We are excited to be able to partner with Seguin to take Genesis to the next level of service excellence and scale.”
Seguin Managing Partner Martin Madden said, “We are privileged to be partnering with Burton MacArthur and his exceptional team of managers in this investment. Genesis is a leading multi-site manufacturing maintenance services provider, and has a solid track record of delivering value to its clients across many industries. Growth in manufacturing maintenance services is forecast to be very substantial over the next ten years and we see enterprise asset management and computerized manufacturing management systems improving the bottom line for many large scale manufacturers; Genesis has developed a great reputation in this exciting market.”
Seguin Managing Partner Chris Needham said, “We expect the Company to aggressively expand its delivery capacity and service offerings over the next several years. The Company assists manufacturers in avoiding unplanned downtime, increasing efficiency and reducing maintenance costs and that translates directly into value. We were delighted to complete this investment with our financing partners at TDBanknorth and Ironwood Capital. “
Seguin Partners, LLC is a private equity firm based in Woburn, MA. We focus on investments in mid-sized companies in outsourced business services, healthcare services, information and data services, security and other services industries.