PEI Operational Excellence Awards 2016 Winner — Large Cap: Permira Intelligrated
When Permira came across package distribution and sorting provider Intelligrated in 2012, it was quick to spot growth opportunities. The Ohio-based firm sat at the heart of two of Permira’s favoured investment sectors: industrials and technology.
"The company was poised to benefit from the growth in e-commerce," said Permira partner Richard Carey, co-head of the firm’s industrials sector team. Carey found willing allies in Intelligrated founders Chris Cole and Jim McCarthy, who had been searching for suitable partners who understood the importance of continued investment in software.
Permira bought a majority stake in Intelligrated from Gryphon Investors for $500 million in 2012 through its fourth fund, Permira IV. At the time, Intelligrated’s enterprise value was $515 million.