Schaumburg, Illinois and Boston, Massachusetts – The Shelby Group, LLC, a leading e-procurement transformation and optimization consultancy, announced today that it has received a growth investment from WestView Capital Partners, a Boston-based private equity firm focused on middle market growth companies. CEO John Dreyer and Executive Vice President Jim Kandilas will continue to lead the company and maintain a significant ownership stake.
Headquartered in Schaumburg, IL, The Shelby Group is a leading provider of consulting, implementation and ongoing procurement operations services with a focus on the leading procure-to-pay software suites including Coupa, Ivalua and SAP Ariba. With a sole focus on procurement optimization, Shelby has helped hundreds of companies in over 90 countries successfully select, implement, adopt and optimize full-suite digital procurement platforms. In addition, the Company’s Digital InvoiceTM product offering provides an end-to-end solution that allows customers to automate paper and PDF invoice processing to become “fully digital”.
“Shelby sees strong sustained demand for digital procurement transformation among industry-leading companies. This continues to fuel the rapid growth of Shelby’s consulting services and companion offerings. In order to meet this challenge, we invested over a year seeking a partner that would share our vision and provide the resources to meet this market influx. We are pleased to announce we have found that partner in the WestView Capital team” said John Dreyer, CEO, The Shelby Group.
In summarizing the strategic benefits of the partnership, Kandilas said, “WestView recognized that Shelby’s approach to procurement automation produces measurable outcomes for companies undergoing digital transformation. This investment is not only a statement of confidence, but more broadly, an endorsement of what we see as the Digital Procurement Transformation movement, making this partnership an ideal union.”
“As the leading independent e-procurement consultancy, The Shelby Group has achieved impressive growth as more and more companies transform their procurement operations using cloud-based procurement platforms. We are thrilled to be partnering with John, Jim and the entire Shelby team and to help support the continued development of their service delivery capabilities and proprietary digital solutions,” said Greg Thomas, General Partner at WestView Capital Partners.
The Shelby Group was advised by Equiteq and represented by DLA Piper, while WestView was represented by Latham & Watkins LLP.
About The Shelby Group:
The Shelby Group is a global leader in platform-enabled procurement optimization. With hundreds of platform implementation and support engagements to its credit, Shelby helps clients accelerate procurement transformation success with support for Platform Implementation, Program Optimization, Procurement Operations and Digital Solutions. The company’s procurement solutions help industry leaders increase transparency, control and compliance in order to reduce cycle times, reduce risks and increase savings. For more information, please visit www.theshelbygroup.com.
About WestView Capital Partners:
WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in industries such as healthcare technology and outsourcing, business services, software and IT services, consumer, and growth industrial. WestView invests in companies with operating profits between $3 million and $20 million with investment sizes ranging from $10 million to $60 million. For more information, please visit www.wvcapital.com.