Clarity Corporate Growth initiated the transaction, acted as the buy side advisor to Sorenson Capital and co-invested in the transaction.
April 15, 2013
Ithaca, NY – Clarity announced today that Sorenson Capital has successfully exited its investment in NCS Energy Services. NCS was acquired by Advent International. The NCS investment yielded an outstanding return and was realized in 24 months.
NCS is a provider of downhole tools and services for the Oil & Gas industry.
“Clarity knew that Sorenson had a keen interest in technology driven companies in this fast growing market. Once Clarity facilitated a dialog between the parties, a transaction was completed in less than 90 days. Sorenson was the ideal investment partner for NCS – driving a swift and decisive value creation plan.”
Mark Ludwig, Managing Director at Sorenson Capital, added “Clarity played an important role in facilitating our investment in NCS Energy Services. We were able to leverage Clarity’s warm introduction and existing relationship with the management team to efficiently work through the transaction process.
We have a great confidence in Clarity’s ability to understand Sorenson’s investment strategies at a granular level and enunciate these strategies and merits of working with us to closely held businesses.”
About Clarity Corporate Growth
Founded in 1994, Clarity offers custom market research, buy-side M&A advisory services, and co-investment capital to Private Equity and Corporate clients. With roots in industrial manufacturing and allied services, our team of investment bankers and research professionals leverage keen market insight and an expansive network of contacts to assist clients in driving organic growth and strategic acquisition initiatives. For more information about Clarity, visit our website at www.claritycorporategrowth.com
About Sorenson Capital
Sorenson Capital is a private equity firm headquartered in Salt Lake City, UT. Sorenson provides small to middle market buyout and growth equity investments. Sorenson’s goal is to partner with management teams to invest for the long term in companies that have established strategic positions, strong growth characteristics, attractive margins, and healthy industry dynamics. www.sorensoncapital.com