ECi Software Solutions Acquired by The Carlyle Group
March 12 2014 - 11:15AM
Business Wire
Global Alternative Asset Manager to Support
ECi’s Growth, Commitment to Small and Medium Size
Businesses
ECi Software Solutions (www.ECiSolutions.com), a leader in
industry-specific business management and e-commerce software
solutions, today announced it has been acquired by global
alternative asset manager The Carlyle Group (NASDAQ: CG). Terms of
the transaction were not disclosed.
ECi Software Solutions is a leading provider of
industry-specific business management and e-commerce software for
growing and midsize companies in a broad variety of industries,
including office products, office furniture, office equipment,
lumber/building materials, hardware, manufacturing, retail
distribution and many more. ECi combines technological innovation
with a dedicated customer focus to deliver fully integrated
solutions that fuel the expansion and efficiency of every aspect of
customers’ operations.
"We are very happy to partner with The Carlyle Group to continue
building our leading industry-specific business and e-commerce
solutions across a variety of important industries,” said Ron
Books, President and CEO of ECi Software Solutions. “Carlyle is
committed to investing in ECi as we support the entrepreneurial
spirit and profitable growth of small and medium size enterprises.
I am confident that with Carlyle, we have made the right choice for
the future of our employees, our customers, and our business
partners.”
Charles Rossotti, Carlyle Operating Executive, said, “ECi has
developed a proven and effective capacity to provide small and
medium size enterprises with technology solutions that make them
competitive with much larger businesses. We believe this capacity
is a very special asset for the global economy, in which small
businesses generate so much innovation and job growth.”
Steve Bailey, Carlyle Managing Director, added, “Carlyle’s
investment will enable ECi to continue investing in its great
people, delivering exceptional customer service, enhancing the
functionality and features of its leading solutions, and expanding
its global footprint.”
Equity for the investment came from Carlyle U.S. Equity
Opportunity Fund, which is a Carlyle fund focused on middle market
investments. Carlyle has a long history of successful investments
in leading middle market, industry-specific application software
solutions companies, including Compusearch, serving the government
sector; Gemcom, serving the mining sector; Primatics, serving the
financial services sector; Quorum, serving the energy sector; RMI,
serving the rail sector; and SchoolNet, serving the education
sector. Other select middle market investments include Dynamic
Precision Group, an aerospace component manufacturer; Philadelphia
Energy Solutions (formerly Sunoco Refinery); Service King, the
third largest collision repair multi-shop operator in the United
States; and Worldstrides, a provider of educational student travel
programs.
ECi was advised by Willkie Farr & Gallagher LLP and Harris
Williams & Co., and Carlyle was advised by Latham & Watkins
LLP and PricewaterhouseCoopers LLP.
About ECi
The ECi Software Solutions family of companies provides business
and e-commerce solutions, offering on-premise and cloud-based
technologies. For 30+ years, ECi’s companies have served the
manufacturing, office equipment, office supplies, contract office
furniture, lumber and building materials, hardware and
janitorial/sanitation sectors. Privately held, ECi is headquartered
in Fort Worth, Texas, USA, with offices and companies throughout
the U.S., Australia, England and the Netherlands. For information,
email info@ecisolutions.com, visit www.ECiSolutions.com, or call
(800) 959-3367.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with approximately $189 billion of assets under management
across 118 funds and 100 fund of funds vehicles as of December 31,
2013. Carlyle's purpose is to invest wisely and create value on
behalf of its investors, many of whom are public pensions. Carlyle
invests across four segments – Corporate Private Equity, Real
Assets, Global Market Strategies and Solutions – in Africa, Asia,
Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial, real
estate, technology & business services, telecommunications
& media and transportation. The Carlyle Group employs more than
1,500 people in 34 offices across six continents.
All trademarks are the property of their respective owners.
ECiTraci Johnson, SVP Global Corporate Marketing800-959-3367
x23276tjohnson@ecisolutions.comorThe Carlyle GroupElizabeth
Gill+1-202-729-5385Elizabeth.gill@carlyle.com
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