ATLANTA – Navigation Capital Partners (NCP), an Atlanta-based middle market private equity firm, has teamed with Robert Shively to target acquisition opportunities to build an industry leader in the Intelligent Infrastructure sector.
NCP says it is seeking companies that, when combined, will enable the integration of services, software and hardware to offer a set of products that significantly improves operating results, increases productivity and reduces waste.
Target vertical markets include energy management, water management, asset/fleet management and traffic management.
Companies in the Intelligent Infrastructure space have organized mainly by industry verticals – utilities, municipalities, water and wastewater sectors – but the NCP team believes significant value and economic benefits exist by cross-pollinating products and services across these sectors.
“The need to manage resources, reduce waste and replace outdated infrastructure has never been greater, and the technology for that management has never been more accessible and affordable,” said Larry Mock, managing partner of NCP. “By combining industry experts in services, software and hardware, we plan to create an industry leader offering an all-in-one option to the marketplace.”
NCP says one representative opportunity is in energy management, with the “smart grid” concept for modernizing the nation’s aging electricity infrastructure.
According to a report by GP Bullhound Ltd., an independent technology research firm, the “smart grid” is defined as combining “network communications, analytics, feedback and control” for power grid systems with goals of improved efficiency and reduced environmental impact.
“Intelligent Infrastructure is a widely fragmented landscape, but certain pockets of activity exist where smaller, nimble companies are developing leading technology and expertise,” said Mock. “Many of these companies could be on the cusp of expansion, but lack the capital to build scale and aggressively take advantage of current market momentum. We’re committed to partnering with some strong players to enable a broader strategy.”
NCP is targeting companies that currently provide services, software solutions and/or hardware capabilities to customers in the utility sector, water sector, transportation sector and municipality/DOT sector that ideally possess the following characteristics:
A preferred range of $20 million to $100 million in revenue;
A history of sustained profitability, and
EBITDA of $3 million plus.
The company says those with ideas for companies fitting the described profile can contact Robert Shively at: roberteshively@gmail.com
Online: www.navigationcapital.com
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