- Leonard Green bought ECI in November 2019
- Apax bought ECI in 2017 and retained a minority stake as part of the deal with Leonard Green
- The new deal expands ECI’s eCommerce portfolio and furthers ECI’s investments in the digital economy
Leonard Green & Partners and Apax Partners-owned ECI Software Solutions announced that it has acquired B2B eCommerce software and services company ES Tech Group.
ES Tech Group, based in Glasgow, serves small and medium-sized enterprise manufacturers, distributors and wholesalers. The company has also developed an eCommerce platform for markets including industrial, business supplies, electrical, plumbing, medical supplies and more. The company also operates a growth agency that aids with marketing and catalogue development in order for businesses to capitalise on traditional and digital sales channels.
ECI is a cloud-based business management solutions business. The company is headquartered in Fort Worth, Texas. It was acquired by Leonard Green in November 2019 with Apax Partners retaining a minority stake in the company, having acquired ECI in 2017. The deal for ES expands ECI’s existing eCommerce portfolio and furthers ECI’s investment sin the digital economy.
Leonard Green is a private equity investment firm founded in 1989. It is based in Los Angeles and has over $75 billion of assets under management. It focuses primarily on companies that provide services including consumer, healthcare, business services, as well as retail, distribution and industrials.
Apax is a London-headquartered, global private equity firm. It invests in the technology, services, healthcare and internet/consumer sectors.