Facilisgroup Acquired by Private Equity Firm Elysian Capital
Facilisgroup, St. Louis, Mo., announced today that it has been acquired by Elysian Capital LLC, a private equity firm based in London, U.K. Facilis will continue to operate as Facilisgroup under the strategic leadership of Dan Rochette (founder), Martin Weber (chief business development officer) and Chuck Fandos (CEO).
This acquisition marks a major step in the company's growth and evolution. “Over the past year, we have built a firm relationship with Elysian as an investor in Brand Addition,” said Fandos of the business that acquired GatewayCDI from him in 2016. “Elysian shares our vision for Facilisgroup and mirrors our mission to help our partners be ever more competitive and successful."
This acquisition will enable Facilisgroup to ramp up its enterprise-scale growth plans and will be an important development for its distributor partners, as they will benefit from accelerated investment and service enhancements.
“We are really excited about our investment in Facilisgroup, our second in the industry," said Tom Falcon, chairman of the Pebble Group and operating partner of Elysian Capital LLP. "In Facilis we see a committed and extremely capable team, who helps their terrific community of partners grow via their industry leading technology and supplier partners.”
Elysian also announced the formation of the Pebble Group, which will focus on the promotional sector. While retaining their separate brands, growth strategies and management teams, Facilisgroup and Brand Addition will both become a part of this new entity.
Financial details of the acquisition were not disclosed.
For more information, visit www.facilisgroup.com.