IMPLAN Group LLC, a leading provider of economic impact data and analytical software, has announced a strategic investment from Charlesbank Capital Partners, a prominent middle-market private equity firm. The investment from Charlesbank, which manages approximately $19 billion in assets as of September 30, 2024, is set to accelerate IMPLAN’s development of new product capabilities, expand its datasets, and broaden its geographic coverage.
Founded in 1976, IMPLAN has established itself as a trusted platform for comprehensive economic impact analysis. For over four decades, the company has provided sophisticated customers, including leading consulting firms, academic institutions, Fortune 500 companies, and government agencies, with the tools to quantify the economic impact of diverse initiatives. Whether clients are assessing the impact of building a new factory, understanding policy changes, or evaluating environmental impacts, IMPLAN’s cloud-based software offers proven impact modeling and extensive economic analytics for data-driven planning and resource allocation.
This strategic partnership with Charlesbank Capital Partners marks a significant milestone for IMPLAN. The infusion of capital will enable IMPLAN to enhance its product features, deepen its data resources, and expand its reach, both geographically and in terms of data granularity. This will empower IMPLAN to generate even more detailed and impactful economic analyses, providing clients with deeper insights to inform their key stakeholders. The collaboration with Charlesbank also opens doors for IMPLAN to pursue international expansion and explore strategic acquisitions, further enriching the value proposition for its clients.
Justin Helmig, CEO of IMPLAN, expressed enthusiasm about the investment: “This is an exciting time for IMPLAN. Charlesbank Capital Partners’ investment will be instrumental in helping us fully capitalize on market opportunities and further develop our economic analysis cloud software platform. Charlesbank’s deep industry expertise and proven success in scaling SaaS companies will undoubtedly enhance our offerings and allow IMPLAN to continue providing exceptional service to our customers.”
Mayur Desai, Managing Director at Charlesbank Capital Partners, highlighted the market demand driving this investment: “The increasing need for organizations to effectively communicate with public constituents, coupled with growing governmental incentives, has significantly accelerated the demand for comprehensive economic impact analysis. This trend has created a unique market need for solutions that can accurately quantify and evaluate the impact of economic activities across various jurisdictions. IMPLAN, as a fast-growing market leader, is exceptionally well-positioned to leverage these industry tailwinds. The company’s proprietary platform and deep institutional knowledge of data sources and economic models provide a strong foundation for future growth. We are thrilled to partner with the IMPLAN team to support this next phase of expansion and strengthen the Company’s leadership in the economic analytics sector.”
The transaction also marks the successful exit of existing investor Boathouse Capital. Bill Dyer, Managing Partner at Boathouse Capital, commented, “IMPLAN has made remarkable progress in its mission to equip organizations with innovative economic intelligence and modeling solutions. We thank the IMPLAN team for their extensive economic expertise, dedication, and commitment to excellence, which have been crucial to this successful journey.”
Raymond James served as financial advisor to IMPLAN and Boathouse Capital, while Solomon Partners advised Charlesbank.
About IMPLAN
IMPLAN is a leading provider of economic analytics software, empowering organizations with actionable insights for over 40 years. Serving over 1,000 clients, including corporations, government agencies, and academic institutions, IMPLAN’s technology enables users to analyze policy impacts, model risk, understand industry shifts, identify optimal business locations, and quantify economic contributions. For more information, please visit implan.com.
About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with approximately $19 billion in assets under management as of September 30, 2024. Charlesbank focuses on management-led buyouts, growth capital financings, opportunistic credit, and technology investments, targeting companies with sustainable competitive advantages and strong growth potential. For more information, visit www.charlesbank.com.
