Graham Partners Connects the Dots with Latest Investment
December 12th, 2017
Graham Partners, a private investment firm targeting industrial technology and advanced manufacturing companies, is pleased to announce that it has invested in OptConnect, LLC (“OptConnect”), a leading one-stop-shop provider of wireless connectivity solutions for unattended equipment. Primary Internet of Things (IoT) markets for OptConnect include wireless ATMs, self-service kiosks, micro-markets and digital signage. The company’s solution focuses on providing safe, secure, reliable and cost effective IoT connectivity by using a combination of proprietary device configurations, network monitoring and tight integration with wireless internet carriers. Headquartered in Kaysville, UT, OptConnect serves over 3,000 customers with over 85,000 installed wireless units. The company offers an attractive value proposition to customers with an easy to install, bundled solution designed to meet the evolving complexity of customer needs. Members of Grant Victor, representing the founders and previous leadership of OptConnect, will retain an investment in the business and will continue to support the company’s future growth and profitability.
Graham Partners has familiarity with the IoT space, the ATM industry and cash trends through two prior platform investments, and will leverage this experience to add value to OptConnect going forward. OptConnect is benefiting from the industry-wide conversion to managed connectivity solutions, the transition from wired towards wireless internet networks and the broader trend towards connected devices with IoT functionality. The Graham team has secured several industry experts in this space and has formulated an actionable value creation plan designed to accelerate growth for the business.
Rob Newbold, Managing Principal at Graham Partners, states, “OptConnect is a leading, innovative player in the industry with superior technology, strong customer relationships and an attractive recurring revenue business model. Graham plans to leverage the company’s leading market position and continue its expansion into high growth IoT end markets.” Chris Baird, President of OptConnect, adds, “Graham’s industry expertise and experience investing in the IoT and smart safe industries resonated with the OptConnect team. We are excited to collaborate with Graham and tap into their industry resources and knowledge to enhance and expand our company.”
About OptConnect (http://www.optconnect.com)
OptConnect is a leading one-stop-shop provider of wireless connectivity solutions for unattended equipment including wireless ATMs, self-service kiosks, micro-markets and digital signage. The company’s solution combines proprietary device configuration, network monitoring and reliable wireless IoT connectivity to provide a cost effective, dependable and secure total managed platform. Headquartered in Kaysville, UT, OptConnect serves over 3,000 customers with over 85,000 installed units. The company offers an attractive value proposition to customers with an easy to install, bundled solution designed to meet the evolving complexity of customer needs.