The Atlanta-based professional services outsourcing company will use the additional capital to develop a more sales-focused organization; increase resources for staff development and training; upgrade Endeavor Service Portal (ESP) to optimize automation and scalability; and boost head count for staff and management.
Trivest Fund IV and Endeavor’s original investors provided equity for the transaction. The deal provided an exit for inactive, minority shareholders from acquired companies who collectively held 12 percent of Endeavor’s stock. Endeavor’s management team, led by Justin R. McLain (CEO) and Andrew Schroer (COO), will continue as shareholders in the business and lead Endeavor’s daily operations.
Through its technology platform and field force of technicians, Endeavor manages the installation and repair of IT/communications equipment, with services ranging from basic single location installations to installs involving the connectivity of thousands of commercial sites across the United States, Canada and Mexico.
“Endeavor is now in a position to grow business beyond its traditional markets while layering in high-touch expert client interface on top of the management and quality systems, which have historically made us so successful,” McLain said in a press statement. “This transaction is a significant milestone for Endeavor and enables an even better experience for our customers and vendors.”
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December 14 2018 @ 18:50:05 UTC