RLJ Equity Partners, an affiliate of the RLJ Companies, acquired a majority interest in Crossfuze, a provider of consulting, design, implementation services, and resale of the ServiceNow® technology platform.
The amount of the deal was not disclosed. In conjunction with it, Nigel Howard, Principal at RLJ, and Jerry L. Johnson, Partner at RLJ, will join the Crossfuze Board of Directors.
Palladian Capital Partners sold its stake in the company.
Founded in 2000 and led by Chris Howard, President and Chief Executive Officer, Crossfuze is an independent ServiceNow pure-play company that has deployed over 1,200 projects. The company – a ServiceNow Gold Sales and Services Partner – is headquartered in Buffalo, New York with additional locations in Boston, Dallas, Dublin, London, Manila, New York, Orlando, Ottawa, Salt Lake City, San Diego, Sydney, Tampa, and Toronto.
The investment will enable Crossfuze to accelerate growth.
Founded in 2006 by Robert L. Johnson in partnership with The Carlyle Group, RLJ Equity Partners is a middle-market private equity firm focused on generating long-term capital appreciation by investing in profitable and growing businesses led by strong management teams.
A portfolio company of The RLJ Companies, the firm originates structures and invests in traditional buy-outs and recapitalizations.
FinSMEs
09/10/2018