Riordan, Lewis & Haden Equity Partners invests to support the transformation of how utilities serve their customers, manage energy usage and generation, integrate distributed energy resources and increase digital modernization.
Utegration, a leading SAP consulting and implementation solutions provider serving the utility sector, announced a growth investment from Riordan, Lewis & Haden Equity Partners (RLH Equity), a private equity firm focused on investing in high-growth professional services companies.
Established in 2008, Utegration serves many of North America's leading electric, gas, and water utilities with proven capabilities to enhance utility customer satisfaction, achieve regulatory mandates for service improvements, provide valuable business intelligence solutions to better manage enterprise assets, and help utilities address the digital transformation of the power grid.
"Our clients are our first priority and we are committed to expanding our capabilities with even more comprehensive and innovative solutions." said Utegration CEO, Bin Yu. “The industry is undergoing a generational shift with the digital modernization of power grids that interconnect utilities with their customers. The outcome will transform how utilities serve their customers, manage energy usage and generation, and integrate distributed energy resources. Utegration is here to help guide its customers on this journey and to meet the evolving energy demands of the future.”
Kevin Cantrell and Robert Zielinski, Managing Directors at RLH commented, “Utegration is uniquely positioned to help utilities undertake the digital transformation. By combining the power of advanced software, the cloud, and the data now being collected by smart meters, Utegration is enabling utilities to provide dramatically higher service levels to consumer and business customers”. Zielinski added, “Utegration has developed a culture that promotes continuous learning, embraces diversity, and promotes the professional development of their employees. We look forward to helping the team to build an even more successful future.”
"We carefully selected RLH Equity as our partner as they bring tremendous experience in working with leadership teams to build highly successful services based organizations”, Yu said, “RLH shares our vision of embracing both the current and future needs of our clients and truly values and understands our employees are the key drivers for the future success of Utegration."
Utegration is an industry leader in providing SAP consulting and implementation solutions across the utility sector. The firm is comprised of uniquely experienced systems consultants, engineers, and subject matter experts with particular areas of expertise in customer relationship and billing systems, customer information systems, business intelligence platforms, advanced metering infrastructure, enterprise asset management, and application managed services. Based in Houston, TX, the Company has built a strong reputation in the utility industry among its clients and was recently recognized by SAP as Partner of the Year for the utility industry. Utegration has also been named the Best Place to Work under large company category in 2016 by the Houston Business Journal. For more information about the Company, please visit www.utegration.com.
About RLH Equity
Riordan, Lewis & Haden is a leading private equity firm which invests in high growth enterprises. Focused on companies in the business services, healthcare and government services sectors, RLH has achieved a 30-year track record of success by partnering with passionate business leaders to grow significant companies. The firm provides capital and resources to portfolio companies navigating courses of rapid growth. For more information, please visit www.rlhequity.com.