Credentials Solutions is pleased to announce that the company has taken a significant growth investment from Brentwood Associates, a leading middle-market private equity firm. Brentwood will bring resources and investment capital to the business with the intention of accelerating the company's growth. Chief Executive Officer, Thomas D. McKechney, and Chief Operating Officer, J. Jeffrey Geldermann, will continue to lead the business.
Brentwood's investment strategy focuses on partnering with growing category-defining brands, with exceptional customer loyalty and growth prospects, where Brentwood can utilize its experience and resources to realize untapped value. Brentwood is a value-added partner with management in driving growth through improved branding, marketing optimization, new product development, direct-to-consumer growth, distribution expansion and optimization, and acquisitions.
As part of the transaction, Steve Moore and Craig Milius from Brentwood will join the Board of Directors.
Commenting on the new partnership, Craig Milius said, "Brentwood is excited to be the first institutional investor to partner with the Credentials team. As Credentials' customers continue to move towards online forms, consolidated information, and automated workflows, we look forward to supporting the Company's growth in areas such as product development and new solution offerings." Steve Moore added, "The Company's customer first culture and its industry-leading technology, have created an extraordinary platform for continued growth within the Office of the Registrar and beyond."
Credentials CEO Thomas D. McKechney says the investment will help Credentials as they continue to expand on their automated solutions that help the unique needs of higher education and student records.
"We are thrilled to partner with Brentwood. They have a track record of success in the education environment and the resources they bring will help us continue to compete and grow," McKechney said commenting on the partnership. "We are committed to providing our clients with innovative solutions and this partnership affords us the opportunity to do that."
Geldermann added, "Brentwood will help take Credentials to new heights. The investment they are making shows they believe in our business model and will provide us the resources to expand our product lines while continuing to provide and improve the world-class customer service that we are known for."
ABOUT CREDENTIALS SOLUTIONS
Credentials Solutions is a leading provider of tech-enabled services to the higher education market. The Company's solution offerings include TranscriptsPlus®, eduCheck®, RoboRegistrar®, TranscriptsNetwork™, eRoboMail®, ParkingPlus® and MuniPlus™. For more information about Credentials Solutions, please visit http://www.credentialssolutions.net
ABOUT BRENTWOOD ASSOCIATES
Brentwood Associates is a leading middle-market private equity investment firm with a 30+ year history of investing in leading growth companies. Brentwood focuses on investments in growing businesses where it can leverage its extensive experience in areas such as: consumer products and services; multi-location growth strategies, including specialty retail and restaurants; direct marketing, including direct mail and e-commerce; health and wellness; education; and business services. Since 1984, Brentwood's dedicated private equity team has invested in over 50 portfolio companies with an aggregate transaction value of over $6 billion. With significant experience in both investing and brand building, Brentwood is a value-added partner with entrepreneurs and senior management teams building world-class companies. For more information about Brentwood, please visit www.brentwood.com