Parties
Company
RLH Equity Partners
Company
Red Clay Consulting
On March 24, 2024, RLH Equity Partners invested in Red Clay Consulting, a leading provider of IT consulting and implementation services for Tier 1 and Tier 2 utilities, leveraging Oracle's suite of software solutions. Red Clay has completed over 300 projects, offering comprehensive services such as program leadership, implementation, training, and software integration. The company is known for its expertise in designing meter-to-cash and asset technology solutions, focusing on customer care, billing systems, and meter data management. Red Clay’s services aim to enhance the utility consumer experience, from advanced smart metering to customer support, while managing widely distributed physical assets.
While RLH Equity Partners primarily focuses on U.S.-based investments, its connection to Canada is evidenced through its engagement of Davies Ward Phillips & Vineberg LLP as Canadian counsel. This suggests RLH Equity Partners has some level of presence or activities that involve the Canadian market. However, Red Clay Consulting's activities are centered in the U.S., with no specific known operations in Canada.
Miller & Martin represented Red Clay Consulting in the investment by RLH Equity Partners. The transaction's value remains undisclosed. Legal advisors for the deal include Davies Ward Phillips & Vineberg LLP as Canadian counsel to RLH Equity Partners and Miller & Martin for Red Clay Consulting.
Deal Type
Financing/InvestmentIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
24 March 2024