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Align Capital Merges Lewellyn Technology and Predictive Service, Creating Reliability and Safety Platform
Thursday 13 September 2018

13 September 2018 - US-based private equity firm Align Capital Partners has merged Cleveland, US-based software firm Predictive Service with previously-acquired Indianapolis, US-based safety solutions provider Lewellyn Technology, the firm said.

ACP acquired a majority stake in Lewellyn last November.

This strategic combination creates a technology enabled enterprise asset management, predictive maintenance, safety, and repair services platform designed to reduce operating costs, improve equipment utilization, and ensure safety for customers worldwide.

At the center of Predictive's enterprise asset management solution is the company's proprietary ViewPoint software that provides data collection, analysis, and decision-making functionality for customers' maintenance and repair needs.

It allows plant managers to not only prevent equipment failure, but also manage energy and cost savings initiatives in real time.

Predictive CEO Don Frankel and other senior members of management will retain significant leadership roles and ownership positions in the combined company.

Lewellyn Technology is an outsourced safety solutions partner that provides companies with electrical and workplace training and safety services such as Arc Flash, Combustible Dust, and Lockout/Tagout risk assessments.

Predictive's global service lines provide enterprise asset management, predictive maintenance including infrared inspection and vibration monitoring, and repair maintenance. These outsourced services are performed for Fortune 1000 companies worldwide.
Details
Date Published: 13/09/2018
Target: Predictive Service
Country: USA
Sector: Computer Software
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Align Capital Partners
Comment:
Merged with Lewellyn Technology

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