HUNTERSVILLE, N.C., Nov. 18,
2024 /PRNewswire/ -- IMPLAN Group LLC ("IMPLAN"
or the "Company"), a leading provider of economic impact data and
analytical software, announced today a strategic investment from
Charlesbank Capital Partners ("Charlesbank"), a middle-market
private equity firm with more than $22
billion in total assets.* This investment will help the
Company accelerate its development of new product capabilities,
expansion of datasets, and growth of geographic coverage.
Founded in 1976, IMPLAN leverages 40+ years of expertise to
deliver a comprehensive economic impact analysis platform used by
highly sophisticated customers. Relied on by leading consulting
firms, academic institutions, Fortune 500 enterprises, and
governmental agencies, IMPLAN assists clients in quantifying the
economic impact of various initiatives (ex., building a new factory
or opening a new retail store), assessing strategic decisions,
understanding policy change, conveying environmental impacts, and
communicating with key constituents. IMPLAN's cloud-based software
provides clients with easy-to-use, proven impact modeling and
extensive economic analytics that enable smarter, data-driven
planning and resource allocation.
Charlesbank's strategic investment will enable IMPLAN to
continue to invest in additional product features, while increasing
its breadth and depth in data and geographic coverage. The Company
will be well-positioned to generate more detailed and impactful
economic analyses, helping clients deliver informed insights to key
constituents. Leveraging the partnership with Charlesbank, IMPLAN
can continue to expand its international reach and look for
accretive acquisition opportunities to drive additional value for
clients.
"This investment comes at an exciting time for IMPLAN.
Charlesbank will help us to fully capitalize on market
opportunities and expand our economic analysis cloud software
platform," said Justin Helmig, CEO
of IMPLAN. "Their deep industry expertise and proven track record
in scaling SaaS companies will enhance our offerings and allow
IMPLAN to continue to deliver exceptional service to our
customers."
"The need for organizations to keep public constituents
informed, paired with increasing governmental incentives, has
accelerated demand for comprehensive economic impact analysis,
creating a unique need in the market for solutions that can
quantify and evaluate the impact of economic activities across
jurisdictions," said Mayur Desai,
Managing Director at Charlesbank. "As a fast-growing market leader,
IMPLAN is strongly positioned to capitalize on these industry
tailwinds, further supported by the Company's proprietary platform
and decades of institutional knowledge of data sources and economic
models. We are excited to partner with the IMPLAN team to support
this next phase of growth and bolster the Company's position in the
economic analytics sector."
As part of the transaction, existing investor Boathouse Capital
will fully exit the business.
"Over the years, IMPLAN has made tremendous strides in its
mission to empower organizations with innovative economic
intelligence and modeling solutions," said Boathouse Capital
Managing Partner, Bill Dyer. "I
extend my gratitude to each member of the IMPLAN team for their
extensive economic knowledge, determination, and commitment to
excellence, which have been instrumental in this journey."
Raymond James, led by
Evan Schutz, served as financial
advisor and Ballard Spahr provided
legal counsel to IMPLAN and Boathouse Capital. Solomon Partners
served as financial advisor and Mintz provided legal counsel to
Charlesbank. Financial terms of the transaction were not
disclosed.
About IMPLAN
As a leading provider of economic
analytics software, IMPLAN has spent more than 40 years bringing
actionable insights to corporations, energy companies, financial
services organizations, colleges and universities, governments,
trade associations, real estate firms, and consultants. IMPLAN's
1K+ clients can leverage IMPLAN's technology to study the economic
impact of a policy, model risk, measure industry shifts, identify a
new business location, and quantify an organization's economic
contributions. For more information, please visit implan.com.
About Charlesbank
Based in Boston and New
York, Charlesbank Capital Partners is a middle-market
private investment firm with more than $22
billion in total assets*. Charlesbank focuses on
management-led buyouts, growth capital financings, opportunistic
credit, and technology investments. The firm seeks to invest in
companies with sustainable competitive advantage and excellent
prospects for growth. For more information, please visit
www.charlesbank.com.
*Figure as of 9/30/24. Total assets reflects the total of (1)
the fair market value (FMV) of investments held by the funds,
including all related vehicles; (2) the FMV of investments held by
entities included in the Fund IX Overage Program; (3) uncalled
committed capital for each fund or related investment vehicle; (4)
the FMV of investments held by third-party investors in
Charlesbank-sponsored co-investment vehicles, including uncalled
committed capital for such vehicles; and, (5) uncalled committed
leverage available to the Charlesbank Credit funds.
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SOURCE IMPLAN Group