Spurrier Capital Partners Adds Distinguished Technology Banker Brian Griffiths

Spurrier Capital Partners is pleased to announce the hiring of Brian Griffiths as a Managing Director.  Brian will lead SCP’s expansion into Europe and will also add to the Firm’s existing Communications and Infrastructure Software efforts.  Brian is a highly accomplished Technology executive with over 30 years of experience in the investment banking and corporate sectors.  Over the course of his illustrious career, Brian has advised on a myriad of strategic and capital-raising transactions with many leading Technology companies globally.  He has significant domain expertise within the Technology sector, as well as extensive international and cross-border M&A execution experience.

Brian, along with SCP Founder Clark Spurrier, was a founding member of the J.P. Morgan Technology Group in 1994.  After J.P. Morgan, Brian and Clark teamed up at Morgan Stanley, where they played influential roles within Morgan Stanley’s Global Technology Group.  Brian later moved to London, where he helped build the Morgan Stanley Technology practice across Europe.

Brian has served as Co-Head of the Global Technology Group at Deutsche Bank, Co-Head of European TMT and Head of the European Technology Group at Credit Suisse, and was a Senior Managing Director in the Technology Group at Guggenheim Partners.  Most recently, Brian was the Chief Financial Officer at Skorpios Technologies, where he was heavily involved in nearly every aspect of the Company’s operations in addition to managing the finance and accounting functions.

Brian earned a B.A. in Economics from Tufts University (Magna Cum Laude), a Master of Science in Accounting from New York University, and an MBA from the Tuck School of Business at Dartmouth College.

Brian has worked on strategic transactions and financings with leading Technology companies such as Alcatel-Lucent, ASML, Avaya, CommScope, HP, Intel, Interxion, Kaspersky Lab, Motorola Solutions, Nokia, Nuance, NXP, Ribbon Communications, SAP, TE Connectivity, Texas Instruments, and Xerox.

Brian has also closed deals with many prominent Private Equity firms including Advent International, Apax, Bain Capital, Carlyle, Francisco Partners, Hellman & Friedman, KKR, Marlin Equity, One Equity Partners, Permira, Silver Lake, Siris Capital, and TPG.

His extensive industry experience and knowledge of leading European Technology companies will enable SCP to further augment its cross-border capabilities.

“We are thrilled to welcome Brian to the team and I personally look forward to working alongside him once again,” stated Clark Spurrier, Founder and CEO of Spurrier Capital Partners.  “Brian’s deep sector expertise and global perspective will be a tremendous asset to the Firm.  After a record year in 2019, we look forward to strengthening SCP’s international presence with Brian leading that effort.”

“Ten years ago, it was exciting to see Clark create a Firm with such a differentiated approach,” Brian Griffiths added.  “Now fully established, I am thrilled to work with this elite team to advance the Firm’s expansion and further SCP’s cross-border activity.  The client-first Consigliere Approach is also a very good fit with my relationship-banking style.”

Spurrier Capital Partners Advises Accela on its Sale of Leading Local Government Software Provider Springbrook to Accel-KKR

Spurrier Capital Partners is pleased to announce our role as the sole strategic advisor to Accela on its divestiture of Springbrook to Accel-KKR. Springbrook provides a cloud-based integrated platform spanning ERP and Payments Software for municipalities and special districts across the United States. Based in Portland, OR, Springbrook operated as an independent subsidiary of Accela, a leading Public Sector Software provider backed by Berkshire Partners and ABRY Partners.

Springbrook’s ERP platform offers a comprehensive set of modules across Utility Billing and Finance / HR, and seamlessly integrates Utility Billing modules with its multi-channel government Utility Payments solution, delivering a full spectrum Utility Management solution for local governments.

“The team at Spurrier Capital Partners was an essential part of the process and helped us achieve an exceptional outcome for Springbrook,” stated Max Schnoedl, CEO of Springbrook. “SCP demonstrated a very strong understanding of the Company and the Local Government Software market as a whole, enabling them to connect us with the best partner who shares our vision going forward.”

“SCP curated a bespoke and highly efficient process that allowed the Springbrook team to both maximize value and partner with an experienced and market-leading firm,” stated Tom Kuo, Managing Director at Berkshire Partners. “SCP’s deep domain expertise and execution capabilities were crucial in achieving this excellent result, and we look forward to partnering with their team again.”

“SCP’s coordination with management and knowledge of the business allowed us to easily recognize the strategic value of the Springbrook asset,” commented Dean Jacobson, Managing Director at Accel-KKR. “We were delighted with the work that the entire SCP team put forward throughout the process. Their deep industry knowledge and dedication to the process facilitated an exciting transaction for all parties.”

“The Springbrook deal highlights SCP’s domain expertise in Government Software. This transaction represents our fourth deal in the sector, and displays our commitment to achieving the best outcome for all parties,” stated Clark Spurrier, Founder and CEO of Spurrier Capital Partners. “We are excited to have had the opportunity to work with Springbrook, Accela, Berkshire Partners, ABRY Partners, and Accel-KKR on this transaction, and are thrilled with the result.”

“This announcement represents a transformative development not only for the parties involved, but also for the Local Government Software market as a whole,” stated Griffin Bealle, Director at Spurrier Capital Partners.  “Municipalities and special districts prefer an integrated platform, and Springbrook’s compelling combination of mission-critical ERP and next-generation Payments delivers on this demand.  We are eager to see Springbrook execute on this opportunity in its next chapter as an independent company.”

 

SCP Experience in Government Software

 

The deal team was led by Clark Spurrier, Griffin Bealle, Mike DeMatteis, Sandeep Rishi, and Jason Myers.
Please do not hesitate to reach out to us with any questions.
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