Clovis Point Capital makes Equity Investment in Mobile Solutions to Accelerate Growth.September 2, 2016
Centennial, CO – September 2, 2016 – Mobile Solutions, an award winning provider of managed mobility services (MMS), announced today that it received a growth equity investment from Houston, Texas-based Clovis Point Capital. The investment will allow Mobile Solutions to execute on its long-term growth strategies.
“Clovis Point Capital’s investment recognizes our success and will help us to continue to expand our reach to serve more clients,” said Kim Johnson, Co-Founder and President of Mobile Solutions. “We are eager to work with Clovis Point to grow, improve our organization and deliver additional value-add services to our customers. Their expertise with SaaS businesses will provide very valuable insight to our organization during this phase of our growth.”
“We’re delighted to partner with Clovis Point Capital,” said Mobile Solutions Co-Founder and CEO Jim Johnson. “Their experience in growing companies like ours and their operational expertise made them an ideal partner for fostering the next chapter in Mobile Solutions’ proud history.”
Founded in 2008, Mobile Solutions delivers a full life-cycle managed mobility service through their SaaS platform. A recognized leader in the industry, Mobile Solutions prides itself on its talented team of employees that deliver enterprise class customer service, which is reflected in its industry leading 97% customer retention
“Mobile Solutions’ scalable platform not only provides day one cost savings, but offers customers a long-term value proposition with time savings, efficient management, oversight and support of its mobile devices. Furthermore, their customer-focused approach is unmatched in the market place,” said a spokesman for Clovis Point Capital. “We have been very impressed with the team Kim and Jim have assembled, and we are excited to work with and assist the company during this period of accelerated growth.”
With this funding, Kim and Jim Johnson will remain in charge of the operations of the company. Under their leadership, Mobile Solutions has achieved significant revenue growth and is now considered one of the most highly regarded vendors in the MMS industry.
The transaction closed in August 2016 and financial details were not disclosed.
About Mobile Solutions:
Since 2008, Mobile Solutions has been a leading provider of managed services for enterprises in a wide range of industries, including construction, general contracting, transportation, real estate and software. Specializing and mobile expense management, Mobile Solutions helps companies manage the entire life cycle of mobility. The company’s SaaS portal provides an advanced, easy-to-use technology interface that automates the management of mobile and telecom costs, assets, usage, plan changes, invoice processing and reporting.
About Clovis Point Capital:
Clovis Point Capital is a Houston, Texas based private equity firm that pursues investment opportunities in lower middle market companies with scalable business models and proprietary products or services. Clovis Point focuses on change of control and growth equity investments and typically invests $5-$10 million per investment. The fund looks to work closely with talented management teams to provide the necessary strategic and financial support to allow companies to accelerate growth and seize market share.