SOURCE: Education Growth Partners

Education Growth Partners

December 15, 2011 14:51 ET

Education Growth Partners Completes Investment in Sightlines LLC

STAMFORD, CT--(Marketwire - Dec 15, 2011) - Sightlines LLC, ("Sightlines"), a leading provider of performance measurement and data benchmarking services to higher education institutions, today announced a significant investment from Education Growth Partners, ("EdGrowth"), a leading growth private equity firm focused exclusively on the education industry. Financial details of the transaction were not disclosed.

"EdGrowth's unique understanding of the education markets make them the ideal value-add partner for Sightlines," said David Kadamus, Founder and CEO of Sightlines. "I look forward to working closely with the EdGrowth team to accelerate Sightlines' expansion."

Founded in 2000 and based in Guilford, Connecticut, Sightlines provides information and data services to colleges and universities in the United States. Specifically, the Company develops key metrics and provides analyses across high value "business" areas, such as (1) building asset management, (2) maintenance and operations, and (3) energy usage. The institution is able to detect operational inefficiencies, identify opportunities for savings, and provide the tools to enable an institution to manage its physical assets more strategically and more effectively. The company also provides benchmarking services across each of over 120 data elements -- allowing an individual institution to measure its own performance versus its peers. The co-operative database model, coupled with the high value of the data and analyses provided, have yielded retention of over 90% for this recurring revenue business. The company has a rapidly growing client list of over 320 college and university campuses, including 47 of US News and World Reports' List of top 100 universities.

EdGrowth's investment will be used to expand the depth, breadth and quality of Sightlines services that measure, monitor and benchmark performance to add value both to its members and to the higher education industry overall. With the funding Sightline will now be able to fully unleash and maximize the value of its unmatched database of facility information that has grown over the last ten years to a collection of more than $12 billion in operations and capital expenditures annually.

"David Kadamus and his team have built a best-in-class solution to help higher education institutions control costs and manage capital planning processes more efficiently," commented Peter Campbell, Managing Partner of Education Growth Partners. "The pressures on higher education institutions to control costs will only intensify going forward, due to diminished endowment income, state funding pressures, demographics, and the advent of online solutions. All of these factors will enhance the value and relevance of Sightlines' services and drive company growth."

Concurrent with the closing of the transaction, Peter Campbell and EdGrowth Operating Partner, Brian Nairn, will join the Sightlines board.

About Sightlines
Founded in 2000, Sightlines partners with universities to lead a discovery process to understand and optimize the interrelationships between operating and capital investments for facilities. Working with its members, Sightlines independently gathers, validates and trends campus data; benchmarks each member against its peer institutions; and provides strategic insight to optimize campus investments and contribute to the mission and long-term financial health of universities. Sightlines' membership base includes over 320 campuses in 36 states and the District of Columbia.

The ability to independently gather, validate and trend campus data enables a credible benchmarking service that provides strategic insight for decision-making. As a result, Sightlines members optimize their campus investments and contribute to the long-term financial health of their institutions.

About Education Growth Partners
Founded in 2010 by longtime education investors Peter Campbell and Christopher Curran, Education Growth Partners is the premier growth private equity firm focused exclusively on the Prek-12, higher education, corporate training and lifelong learning sectors. The firm leads growth capital financings, minority recapitalizations, and buyouts of profitable, high-growth companies in the target sectors. The firm has offices in Stamford, Connecticut and Boston Massachusetts.

Education Growth Partners is also closely affiliated with Education Growth Advisors, a strategic consulting firm that delivers strategy, financial, and operational advisory services to assist clients in evaluating strategic options, accelerating growth, and improving business operations.

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