Post Capital Partners Invests in Utilities and Infrastructure BPO Leader Agile Sourcing Partners
Driven by aging infrastructure, US utilities are making significant investments to replace and upgrade as well as expand new and existing transmission and distribution networks
NEW YORK, February 12, 2020-- Post Capital Partners today announced that it has completed an investment in Agile Sourcing Partners, Inc. (“Agile” or the “Company”) and will partner with Agile’s Founder, Maria Thompson, who will continue to lead the Company as its CEO. Luis Manuel Ramírez, a Post Capital Executive Partner and a veteran executive in the global power and energy infrastructure industry, also participated in the transaction and will join Agile as its Chairman.
Headquartered in Corona, CA, Agile is a business process outsourcing (BPO) leader that provides a range of supply chain, administrative and professional services to the electric and gas utility, commercial construction, security, and telecommunications industries. Since its founding in 2006, Agile has been focused on helping its customers drive critical efficiencies in their operations, as the utility sector navigates the increasing need for significant infrastructure upgrades and the macro challenges associated with performing this work amidst rising costs and stagnant budgets. Agile employs proprietary processes that leverage technology, automation and data analytics to deliver its core suite of services, which include materials management, supply chain logistics and optimization, supplier and spend management and professional staffing support.
“True to its name, Agile has developed a longstanding reputation as a ‘thought-leader’ for developing and delivering flexible, efficient, cost effective solutions to an industry increasingly challenged by long-term underinvestment that must now quickly address their aging assets and infrastructure,” said Mitch Davidson, Managing Director of Post Capital. “Maria Thompson has built an incredible team of supply chain, project management, data, and accounting experts, as well as a corporate culture characterized by an unwavering commitment to diversity, inclusion and customer transparency. We are thrilled to partner with Maria and her team on the next phase of this journey.”
A commitment to diversity has been a guiding principle for Agile since its founding, and Ms. Thompson has been a consistent leader and advocate of corporate inclusion efforts. Over 80% of Agile’s 225 employees come from diverse backgrounds or minority communities, including Ms. Thompson (CEO) and Courtney Gaik, Agile’s longtime Chief Financial Officer. CEO Maria Thompson, said, “One of our core missions at Agile is to assist diverse communities across the country to drive wealth and prosperity. I am proud to have found such great partners in Mitch Davidson, Luis Ramírez and the entire Post Capital team. Not only do they understand the significance of our value proposition to our customer base, but they equally value our efforts across the country to drive inclusion and creativity.”
In conjunction with the transaction, Mr. Ramírez, a 30-year veteran executive of the global power infrastructure and energy industries, has joined Agile as Chairman. He most recently served as the CEO of the Massachusetts Bay Transportation Authority, the public agency responsible for operating most public transportation services in Greater Boston, and prior to that he served as the CEO of Global Power Equipment Group, a NYSE-listed provider of equipment and services to the power sector. “Over the years, Agile has become a critical extension of its customers’ teams, by enabling them to streamline non-core supply chain and other administrative functions and to refocus time and human capital to core operational areas,” added Ramírez. “Throughout my career, I’ve experienced all of the challenges that Agile’s customers face on a daily basis. I’m excited to partner with Maria and her team to enhance the suite of solutions and to help solve these challenges for customers across the country.”
Ms. Thompson added, “Agile’s partnership with Post Capital, and the addition of Luis Ramírez, will enable us to continue to grow and enhance our customer value proposition at an accelerated rate. In addition to new product development, Luis’ experiences in scaling highly technical services teams will help us to enhance our existing solutions, to launch new services and to forge new customer relationships nationwide.” Ms. Thompson also noted that in the coming months, Agile plans to make a number of investments into its personnel, as well as to its product suite, including a newly formed data enablement team and the launching of a number of additional offerings under its invoice management service.
KeyBank provided senior debt financing for the transaction, Winston & Strawn LLP served as Post Capital’s legal advisor and Crowe LLP served as Post Capital’s financial advisor. Goodwin Proctor served as legal advisor to the Company.
About Post Capital Partners
Post Capital Partners (http://www.postcp.com) is a private investment firm that makes both minority growth and control investments in businesses with repeat or recurring revenue models. Post Capital primarily employs an “Executive-First” deal sourcing and investment strategy in which it first identifies and partners with talented senior operating executives and then works proactively with those “Executive Partners” to identify investments. In addition to “Executive-First” platform searches, Post Capital also pursues management buyouts and growth capital investments. Based in New York City, Post Capital invests a committed capital fund with top-tier institutional and sophisticated private investors.
About Agile Sourcing Partners
Agile is a national supply chain management organization committed to providing sourcing and material supply solutions that best meet each customer’s unique needs. Agile leverages its ISO 14001 and ISO 9001 designations, industry best practices, national footprint, strategic partnerships, and talented team of industry experts to provide leading business process outsourcing (BPO) services to the electric and gas utility, construction, security, and telecommunications industries. Agile’s fully integrated supply chain solutions allow our customers to repurpose their time and resources to more critical core, high impact business initiatives and revenue generating activities. Agile operates from 9 locations strategically positioned across the U.S. With over 225 employees, access to 300 warehouse locations and nine million feet of space, and state of the art technology, Agile is uniquely structured and experienced with supporting both short-term and large, long-term complex infrastructure development projects such as stadiums, airports, utility and commercial construction.
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