Ashling Companions Announces Expansion Money Financial commitment by Thomas H. Lee Companions | Business
4 min readCHICAGO & BOSTON–(Organization WIRE)–Feb 8, 2021–
Ashling Companions, LLC (“Ashling” or the “Company”), an award-winning services company in the fast expanding clever automation market place and Thomas H. Lee Associates, L.P. (“THL”), a leading personal fairness firm investing in expansion corporations, now introduced the closing of a advancement funds expense by money managed by THL, which include THL Automation Fund L.P. Josh Bresler, THL Controlling Director, and Kearney Shanahan, THL Director, will be part of the Ashling board of administrators as section of the transaction.
Started in 2017, Ashling is an business chief in constructing and scaling automation applications and centers of excellence for the World 2000 as a strategic companion to the C-Suite. Ashling has built automation knowledge within just the Serious Estate, Purchaser Items, Producing & Distribution, Health care and Automotive industries. The investment decision comes as Ashling has skilled a different file-breaking year of progress ensuing in annual expansion of over 300%. Ashling Companions operates with cutting-edge technologies in the intelligent automation sector these types of as Robotic Course of action Automation, Artificial Intelligence, Device Learning or Optical Character Recognition to deliver automation outcomes for enterprises at all levels of the automation journey. Ashling Companions was not too long ago named a ‘UiPath 2020 Companion of the Year’ in the Americas area.
“THL’s partnership centric strategy to investing, expertise in automation and functioning abilities through their Strategic Sources Team was extremely attractive to us when seeking for a strategic spouse to help grow Ashling Companions,” claimed Don Sweeney, co-founder of Ashling Partners.
“We are even now in the early times of automation. As much as smart automation and RPA has grown about the very last couple of decades thanks to lots of businesses recognizing the benefit and resilience that their automation method can generate, we consider the upcoming will demand even more breadth and innovation. The financial investment and partnership with THL not only permits our world scale, but it also assists to develop our broader smart automation capabilities and permits a lot quicker time-to-industry on developing reusable solutions and bringing principles of leverage to existence,” said Marshall Sied, co-founder of Ashling Partners.
“We couldn’t be far more energized to be partnering with Don, Marshall and the broader Ashling Companions group as it enters its following phase of development. The Ashling group has built the premier manufacturer in automation providers with a customer foundation that appreciates their area skills, their ability to innovate and their focus on driving results for Business automation,” stated Josh Bresler, Managing Director at THL.
“Ashling Companions has experienced substantial organic growth as a strategic lover to enterprises across the U.S. We glimpse ahead to supporting the Company’s continued concentrate on innovation and industry expansion in the U.S. and Internationally. We are enthusiastic to support Ashling’s pursuit of M&A prospects as we develop a worldwide platform inside the Intelligent Automation sector in partnership with Don and Marshall,” extra Kearney Shanahan, Director at THL.
Conditions of the transaction were not disclosed.
Latham & Watkins and PwC recommended THL on the financial investment. Horwood Marcus & Berk encouraged Ashling Partners.
About Ashling Companions
Ashling Partners is a qualified services & technological innovation firm that drives effectiveness gains and course of action enhancement by means of Robotic Procedure Automation (RPA), System Discovery, and specific Synthetic Intelligence (AI). We get the job done with top clever system automation technologies to generate continual method enhancement and much better employee engagement for our shoppers.
About Thomas H. Lee Associates, L.P.
Thomas H. Lee Companions, L.P. (“THL”) is a premier non-public fairness business investing in middle marketplace advancement providers completely in 3 sectors: Financial Providers, Healthcare and Technology & Organization Remedies. We couple our deep sector skills with dedicated internal working resources to remodel and build good firms of long lasting value in partnership with administration. Our area expertise and sources assistance to construct wonderful organizations with an intention to speed up expansion, enhance operations and drive prolonged-time period sustainable price. Given that 1974, we have lifted much more than $25 billion of fairness money, invested in in excess of 150 businesses and concluded extra than 400 increase-on acquisitions representing an aggregate enterprise value at acquisition of around $200 billion. For a lot more information and facts on THL, please take a look at THL.com.
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Get in touch with: Thomas H. Lee Partners Media Contact:
Natalie Limited
Edelman
+1 310 425-9917
[email protected] Partners Media Get hold of:
Derek Mehraban
Ingenex Electronic
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PUB: 02/08/2021 09:00 AM/DISC: 02/08/2021 09:01 AM
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