Renovus Capital Partners Announces Sale of Portfolio Company InflowCX
WAYNE, Pa., Oct. 23, 2023 /PRNewswire/ -- Renovus Capital Partners ("Renovus"), a premier lower middle-market private equity firm specializing in the knowledge and talent industries, today announced the sale of its portfolio company Inflow Communications LLC ("InflowCX") to an affiliate of Gemspring Capital Management, LLC who intends to combine it with their portfolio company, Amplix, a provider of technology advisory services and software. Financial terms of the transaction were not disclosed.
- WAYNE, Pa., Oct. 23, 2023 /PRNewswire/ -- Renovus Capital Partners ("Renovus"), a premier lower middle-market private equity firm specializing in the knowledge and talent industries, today announced the sale of its portfolio company Inflow Communications LLC ("InflowCX") to an affiliate of Gemspring Capital Management, LLC who intends to combine it with their portfolio company, Amplix, a provider of technology advisory services and software.
- Renovus acquired InflowCX in 2020 and shortly thereafter combined the company with PeakView, creating a leading provider of strategic advisory, deployment, and managed services for contact center, customer experience, and unified communications solutions.
- "Our firm is proud of the InflowCX management team, which transformed the company into a leading partner in the contact center and customer experience end markets," said Founding Partner, Jesse Serventi.
- "We are grateful for Renovus' support throughout our partnership," said InflowCX CEO Ken Smith.