July 21, 2024

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Ashling Companions Announces Progress Money Investment by Thomas H. Lee Partners

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CHICAGO & BOSTON–(Small business WIRE)–Ashling Companions, LLC (“Ashling” or the “Company”), an award-winning assistance supplier in the fast rising smart automation market and Thomas H. Lee Companions, L.P. (“THL”), a leading non-public fairness business investing in development providers, right now declared the closing of a expansion cash financial investment by resources managed by THL, including THL Automation Fund L.P. Josh Bresler, THL Managing Director, and Kearney Shanahan, THL Director, will sign up for the Ashling board of administrators as part of the transaction.

Started in 2017, Ashling is an industry chief in making and scaling automation courses and facilities of excellence for the World 2000 as a strategic husband or wife to the C-Suite. Ashling has crafted automation skills inside the Serious Estate, Consumer Goods, Producing & Distribution, Health care and Automotive industries. The financial commitment will come as Ashling has seasoned yet another record-breaking calendar year of progress resulting in once-a-year expansion of around 300%. Ashling Companions functions with chopping-edge technologies in the intelligent automation business this kind of as Robotic Course of action Automation, Artificial Intelligence, Device Understanding or Optical Character Recognition to produce automation outcomes for enterprises at all stages of the automation journey. Ashling Partners was a short while ago named a ‘UiPath 2020 Husband or wife of the Year’ in the Americas location.

“THL’s partnership centric approach to investing, knowledge within just automation and running know-how by means of their Strategic Resources Team was pretty appealing to us when wanting for a strategic companion to assistance develop Ashling Partners,” explained Don Sweeney, co-founder of Ashling Companions.

“We are still in the early times of automation. As significantly as clever automation and RPA has grown over the previous couple many years due to numerous companies recognizing the value and resilience that their automation method can drive, we consider the upcoming will call for even more breadth and innovation. The financial commitment and partnership with THL not only enables our world wide scale, but it also can help to increase our broader intelligent automation capabilities and allows a lot quicker time-to-industry on building reusable goods and bringing concepts of leverage to lifestyle,” mentioned Marshall Sied, co-founder of Ashling Partners.

“We could not be a lot more psyched to be partnering with Don, Marshall and the broader Ashling Companions staff as it enters its next phase of advancement. The Ashling crew has designed the premier model in automation providers with a shopper base that appreciates their domain knowledge, their capability to innovate and their emphasis on driving results for Organization automation,” mentioned Josh Bresler, Controlling Director at THL.

“Ashling Associates has skilled major organic expansion as a strategic companion to enterprises throughout the U.S. We appear ahead to supporting the Company’s continued focus on innovation and marketplace expansion in the U.S. and Internationally. We are excited to assist Ashling’s pursuit of M&A alternatives as we construct a world-wide platform within the Smart Automation field in partnership with Don and Marshall,” additional Kearney Shanahan, Director at THL.

Phrases of the transaction have been not disclosed.

Latham & Watkins and PwC suggested THL on the expense. Horwood Marcus & Berk suggested Ashling Partners.

About Ashling Partners

Ashling Partners is a specialist solutions & technologies company that drives effectiveness gains and course of action improvement by way of Robotic System Automation (RPA), System Discovery, and targeted Artificial Intelligence (AI). We perform with leading clever process automation technologies to travel continuous process advancement and improved employee engagement for our shoppers.

About Thomas H. Lee Companions, L.P.

Thomas H. Lee Companions, L.P. (“THL”) is a premier non-public equity company investing in middle current market expansion companies exclusively in three sectors: Economical Providers, Healthcare and Technology & Business Answers. We few our deep sector abilities with focused inside running assets to transform and develop good companies of lasting price in partnership with management. Our area skills and sources enable to establish terrific businesses with an aim to accelerate progress, improve functions and travel very long-expression sustainable benefit. Due to the fact 1974, we have elevated extra than $25 billion of equity money, invested in around 150 corporations and accomplished a lot more than 400 incorporate-on acquisitions symbolizing an mixture organization value at acquisition of above $200 billion. For additional information on THL, remember to visit THL.com.

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