Private equity, IT management, Midmarket, Content, Security Staff Acquisition & Development

Private Equity Invests In ERP Technology Consultant ALKU

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Andover, Massachusetts-based consulting services firm ALKU has secured a “significant” investment from FFL Partners, a San Francisco-based private equity firm focused on mid-size companies. Boston-based private equity firm WestView Capital Partners remains a co-investor in the ALKU.

ALKU provides contractors for technology projects and government agencies, specifically Enterprise Resource Planning (ERP), Healthcare IT, Life Sciences, Government Programs, and Information Security. AKLU – the company’s name is Finnish for “start” – has grown significantly since it was founded in 2008, reaching over $200 million in revenue in its 10th year of operations.

The investment will allow ALKU to continue expanding and diversify its service offerings in North America and aggressively pursue additional personnel hires, according to the company.

FFL has a extensive experience investing in HR-oriented services and human capital-based businesses. Similar investments include Accordion, Korn Ferry, and Crisis Prevention Institute, among others.

Private Equity Invests in ALKU: Executive Perspectives

ALKU CEO Mark Eldridge commented on the news:

“ALKU is fortunate to have found a partner in FFL that understands our business model, as well as our unique qualities and culture. Together, with WestView, we will have input and strategy that will allow us to continue to grow at 4x the industry pace.”

Cas Schneller, Partner at FFL, added:

“We’ve had first-hand experience with ALKU at a number of our portfolio companies, and we were very impressed with their speed, service and consultant quality. We look forward to partnering with Mark and the Leadership Team while providing the resources and support that will help accelerate the Company’s success.”

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