LOS ANGELES—Century Park Capital Partners (“Century Park”) is pleased to share the successful acquisition of its portfolio company, Accelalpha, Inc. (“Accelalpha”), by International Business Machines Corporation (“IBM”) (NYSE: IBM). The agreement, finalized on September 10, 2024, marks a significant milestone for Century Park Capital Partners and Accelalpha, highlighting the power of strategic partnerships and value creation in the private equity landscape. The transaction is anticipated to close in the fourth quarter of 2024, pending standard closing conditions and regulatory approvals. While the financial terms remain undisclosed, this acquisition underscores the successful growth trajectory and strategic value of Accelalpha under Century Park’s guidance.
Accelalpha, a global leader in Oracle Fusion Cloud Applications consulting, implementation, and managed services, has experienced remarkable growth since Century Park Capital Partners invested in the company in 2020. Founded in 2009 by CEO Nat Ganesh, Accelalpha has built a reputation for excellence, serving a diverse clientele across North America, Europe, Asia, the Middle East, and South America. The company’s expertise spans key sectors including distribution, industrial, and financial services. Century Park Capital Partners recognized Accelalpha’s potential and partnered with Nat Ganesh and key employee equity holders to fuel its expansion and market leadership.
The partnership between Accelalpha and Century Park Capital Partners proved transformative over the past four and a half years. Strategic investments in sales and marketing, the implementation of a robust ERP system, the establishment of a managed services practice, and the creation of nearshore and offshore delivery centers significantly enhanced Accelalpha’s operational capabilities and market reach. Furthermore, Accelalpha strategically completed four add-on acquisitions, broadening its Oracle service offerings and solidifying its position as a preeminent Oracle software application consulting firm worldwide. This blend of organic growth and strategic acquisitions led to an impressive quadrupling of Accelalpha’s revenue under the ownership of Century Park Capital Partners.
Tony Trevino, Partner at Century Park Capital Partners, expressed his pride in Accelalpha’s achievements, stating, “We’re incredibly proud of what the Accelalpha team has accomplished during our partnership and feel privileged to have been part of this journey. The future is bright for Accelalpha, particularly as they join forces with an organization with the depth of capabilities and reputation of IBM.”
Marty Sarafa, Managing Partner with Century Park Capital Partners, emphasized the firm’s commitment to partnering with founders like Nat Ganesh. “For 25 years we’ve partnered with founders like Nat Ganesh and pride ourselves on helping them build best-in-class and enduring businesses. Accelalpha is a perfect case study. The transformation that took place during our partnership took incredible drive and determination, and we are grateful for the tireless effort the entire Accelalpha organization put into making this a successful outcome.” This successful exit exemplifies Century Park Capital Partners‘ strategy of supporting and scaling middle-market companies.
Nat Ganesh, CEO and Founder of Accelalpha, lauded the collaborative partnership with Century Park Capital Partners. “I greatly appreciate the partnership we have built with Century Park over the last four and half years. Century Park promised to be collaborative, supportive, and to put the culture and employees at the forefront of our strategy. They delivered on that promise,” said Ganesh. Looking ahead, Ganesh added, “We are excited to be joining IBM, with its long-established scale and reach in more than 175 countries. We can’t imagine a better fit for the next stage of our growth and we’re thrilled to bring our expertise and domain knowledge to bear together with IBM’s strength in AI and hybrid cloud to benefit our joint clients.”
Guggenheim Securities, LLC acted as the lead financial advisor, and Robert W. Baird & Co. served as co-financial advisor for Century Park Capital Partners and Accelalpha in this transaction. Legal counsel was provided by Winston & Strawn LLP.
About Century Park Capital Partners
Century Park Capital Partners, established in 2000 and based in Los Angeles, is a private equity firm focused on investing in family businesses, owner-operated firms, and corporate divestitures. The firm’s mission is to accelerate growth and transform these companies into industry leaders. Century Park Capital Partners specializes in acquiring strategically positioned, under-resourced middle market companies with significant potential for value creation. Their approach involves leveraging a network of C-level executive partners (“Century Leaders”) to develop investment strategies, evaluate opportunities, and guide portfolio companies through value creation. Furthermore, Century Park Capital Partners supports its investments with operational expertise and best practice initiatives, including acquisition integration programs and infrastructure enhancements. To discover more about Century Park Capital Partners and their investment philosophy, please visit www.centuryparkcapital.com.
About Accelalpha
Accelalpha is a recognized leader in addressing critical business challenges by combining deep industry insight, technological expertise, and a world-class team. Their proficiency in end-to-end enterprise solution implementations enables companies to enhance integrated logistics, optimize sales processes, modernize supply chains, and leverage the benefits of cloud technology. Accelalpha’s rigorous, results-driven methodology ensures tangible outcomes in expedited timeframes. The company has been recognized by Fortune as a Best Small and Medium Workplace and certified as a Great Place to Work. For further information about Accelalpha, please visit www.accelalpha.com.
Contacts
Century Park Capital Partners
Matt Minnaugh
Director of Business Development
(310) 867-2216
[email protected]
or
Marty Sarafa
Managing Partner
(310) 867-2220
[email protected]
or
Tony Trevino
Partner
(310) 867-2214
[email protected]
