GrowthZone Announces Acquisition by Greenridge Investment Partners
NISSWA, Minn. and AUSTIN, Texas - November 7, 2019 - ( Newswire.com )
GrowthZone, a leader in cloud-based association management software, today announced that Greenridge Investment Partners, an Austin, Texas-based private equity firm, has partnered with management to acquire GrowthZone.
GrowthZone provides a comprehensive membership management software solution to a range of associations and chambers of commerce. GrowthZoneâ€™s products enable its customers to efficiently and effectively manage many aspects of their organizationsâ€™ operations, including contact management, membership billing, member recruitment, event management, and member communication and engagement.
â€œAt GrowthZone we believe communities matter and that associations are the unsung heroes that help communities and industries thrive. This investment will allow us to continue to deliver best-in-class solutions to empower our growing customer base,â€ said GrowthZone CEO Scott Juranek. â€œIn seeking an investment partner, it was important to find a like-minded group that would support our vision to invest deeply in our product and provide world-class customer support.Â We are confident we have found that in Greenridge.â€
â€œAs an emerging market leader with a proven management team, GrowthZone is exactly the type of business Greenridge is committed to investing in,â€ said Ben Moss, Partner at Greenridge Investment Partners.Â â€œWhile competitors remain focused on consolidation strategies, GrowthZoneâ€™s commitment to product innovation and superior customer service has created the leading AMS solution in the marketplace, and we are excited to help this team further build on its success.â€
Jack Cardwell, Partner at Greenridge Investment Partners, added, â€œBeyond finding a wonderful company to invest in, we feel incredibly fortunate to have the opportunity to work alongside a team that shares our values.Â GrowthZone is a fantastic company, led by a special group of people, and we are proud to be their partners.â€
With this investment, Greenridgeâ€™s Jack Cardwell and Ben Moss have joined the GrowthZone Board. RF Investment Partners of New York and Chicago provided debt financing and an equity co-investment for the transaction.
With headquarters in Nisswa, Minnesota, GrowthZoneâ€™s association management software has helped over 3,000 member-based organizations grow and retain membership, generate revenue, engage and communicate with members and prospects, and streamline their day-to-day operations. For more information, visit www.growthzone.com.
ABOUT GREENRIDGE INVESTMENT PARTNERS
Greenridge Investment Partners is a growth-oriented private equity firm based in Austin, TX.Â Greenridge provides flexible, long-term capital to outstanding entrepreneurs and business owners looking for the right partner to help them build market-leading businesses.Â The firm pursues a sector-focused approach within the lower middle market, with a particular focus on B2B software and high-margin service businesses. Â For more information on Greenridge, visit www.greenridgeinv.com.
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Original Source: GrowthZone Announces Acquisition by Greenridge Investment Partners