PROVIDENCE, RI – Citizens M&A Advisory served as the exclusive financial advisor to Thought Logic Consulting, a leading business and technology transformation consulting firm with offices in Atlanta, GA, and Richmond, VA, on its significant growth capital investment from Renovus Capital Partners, a Philadelphia-area private equity firm. The partnership with Renovus will help Thought Logic make additional investments in its team and capabilities, accelerate its planned geographical expansion and seek industry partnerships and acquisitions.
“We are incredibly excited to partner with Renovus in our next phase of growth,” said Keith Roberts, founder and chief executive officer of Thought Logic. “The combination of our service excellence, rooted in our core tenets of ‘Listen, Collaborate, and Deliver,’ and Renovus’ proven track record of adding strategic value to founder-led businesses, will supercharge Thought Logic’s vision of becoming the best regional business and technology consultancy.”
The investment in Thought Logic represents Renovus’ ninth investment in the business and technology services space.
Tom Donahue, managing director at Citizens, added: “We could not be more enthusiastic about the Thought Logic and Renovus partnership. Keith and the Thought Logic team did an outstanding job of leading the business through the challenging and dynamic market brought on by COVID-19 in tandem with navigating a capital raise process. Thought Logic is an excellent addition to Renovus’ distinguished portfolio of high-growth, market-leading consulting firms.”
On their experience with working with Citizen, Roberts said: “The Citizens team did an outstanding job securing a growth investment for Thought Logic. Not knowing what to expect, the entire team did a fantastic job navigating us through the transaction and acting as a 24/7 extension of Thought Logic. From the leadership and strategic vision of Tom Donahue to the tactical execution and dedication of the entire team, I could not be more pleased with Citizens and our outcome.”
“As industry specialists, we have a strong affinity for niche businesses that offer cost effective and innovative services to address complex business challenges faced by their clients. Thought Logic, through its experienced consultants deployed in a local coverage model, does just that,” said Atif Gilani, founding partner of Renovus. “Keith and his team have done a great job growing their business thus far and we are excited to support them in further expanding their platform.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 150 transactions in the last five years and has more than 60 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $183.3 billion in assets as of December 31, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.
