Align Capital
Assembly Line
Align Capital Partners Announces Sale of SEAM Group to ABB
Align Capital Partners announced that its portfolio company SEAM Group has entered into a definitive agreement to be acquired by ABB. SEAM Group is a provider of energized asset management and advisory services to over 3,000 customer sites across the industrial and commercial building markets. The transaction is subject to regulatory approval and expected to close in Q3 2024.
Headquartered in Beachwood, Ohio, SEAM Group provides customers holistic advisory, training and technology solutions including electrical safety, predictive maintenance programs, reliability consulting and repair services; each supported by patented software systems ensuring program metrics. ACP’s initial investment in the SEAM Group platform came via the acquisition of Lewellyn Technology in 2017. During the partnership, SEAM Group experienced strong organic growth and scaled operations through three add-on acquisitions.
ClearBlade® Closes 3.0M in Series A Funding, Led by Align Capital, to Bring Secure IoT Solutions to the Enterprise
ClearBlade, Inc., a high-growth IoT software company, has completed its Series A funding to bring secure, cloud agnostic IoT solutions to enterprise companies. The round was led by Align Capital, located in Austin, Texas. The funding will be utilized to fuel the expansion of the ClearBlade engineering and sales teams to exceed projected revenue growth.
The ClearBlade IoT Platforms enable companies to build IoT solutions that connect Devices to Enterprise Applications. The ClearBlade Cloud Platform and ClearBlade Edge Platform are specifically engineered to securely and flexibly deploy across any cloud, on-premise infrastructure or industrial gateways.