Elysian Capital announces acquisition of Facilis Group in USA
Elysian Capital LLP (‘Elysian’) is delighted to announce that it has made its second investment into the promotional products sector following its investment in Brand Addition in May 2017.
Elysian has acquired Facilis Group (Facilis), a core service provider to more than 120 entrepreneur led distributor businesses (its Partners) in the fragmented $26bn North American promotional products industry.
Facilis provides unparalleled services to its Partners via a subscription based service providing best-in-class sales workflow and website technology, preferred supplier contracts and supply chain tools, and a vibrant community network. These three service pillars support and enable their Partners and preferred suppliers to grow.
Both Facilis and Brand Addition are market leading companies within their respective specialist sectors of the large and growing promotional products sector where they deliver unique services to their Partners and clients that set them apart from their competition. Brand Addition, itself a Facilis Partner in the US for ten years, provides the complex services necessary to support the promotional product programmes and agendas of large corporates across the US, Europe and Asia.
Whilst retaining their separate brands, growth strategies and management teams, Facilis and Brand Addition will be under common ownership within Elysian. There are a number of exciting opportunities for Facilis and its Partners with Brand Addition given the group’s combined business spend, enhanced geographic presence and continued investment in technology.
Dan Rochette, Martin Weber and Chuck Fandos, the former owners of Facilis, together with their wider management team all remain with the business.
Chuck Fandos, CEO of Facilisgroup said:
“Dan, Martin and myself believe that Elysian will be a strong investor as we continue to grow and evolve Facilis group. They share in our vision and mirror our mission to help our Partners be ever more competitive and successful.”
Tom Falcon, Chairman of The Pebble Group and Operating Partner of Elysian Capital LLP said:
‘We are really excited about our investment in FacilisGroup, our second in the industry. In Facilis we see a committed and extremely capable team helping their terrific community of Partners grow via their industry leading technology and supply chain.”
For further information, please contact:
Tom Falcon, Partner at Elysian Capital firstname.lastname@example.org