Multisitio 2

LOS ANGELES, Feb. 3, 2021 /PRNewswire/ — PMC Capital Partners, LLC (PMC Capital) is back again on the acquisition trail after completing the buy-out of an award-winning multifunctional engineering design firm, UniversalPegasus International, Inc., of Huntington Ingalls Industries, Inc. (NYSE: HII). Headquartered in Houston, Texas, UniversalPegasus has a track record of delivering turnkey integrated engineering, procurement, and construction management (EPCM) solutions; ranked by Engineering News-Record (ENR) as No. 59 of the Top 500 Design Firms and among the top 10 in the petroleum sector. ENR’s list ranks public and private companies by its markets’ share of total revenue. Financial terms of the deal with HII were not disclosed.

«We are extremely excited to acquire UniversalPegasus International (UPI) and its amazing team of 600 professionals. Spearheaded by an impressive business leader in CEO, Tom Davison, the UPI team maintained record-level engineering design revenues during an economically crippling COVID-19 pandemic while building a backlog/pipeline of business that will continue to support future success. Acquiring UPI coincides with PMC Capital’s vision to acquire and support an elite technical staff of engineers who deliver first-class mission-critical business services to blue-chip customers,» said Chris Aye, Managing Partner of PMC Capital.

«UPI’s decades of record success delivering engineering, logistical, and construction management solutions captivated PMC Capital. Not only will PMC Capital support UPI in maintaining a high level of service for its clients — we look forward to building and exceeding UPI’s past accomplishments. We’re excited to partner with Tom and his team as we aggressively embark on a multifaceted growth strategy,» added Mr. Aye.

«UPI is the industry leader in project delivery and the employer of choice in the Houston and Calgary engineering markets. Our success stems from our strong company values and commitment to transparency. With PMC Capital behind us, UPI will continue to differentiate itself and outperform the competition as one of the few remaining independent oil and gas engineering companies. We expect to emerge from the pandemic in a strong financial position poised for double-digit growth,» said Tom Davison, CEO of UPI.

«We are pleased to have reached this agreement. PMC Capital is a great new home for UniversalPegasus International, its world-class people and services,» said Andy Green HII Executive Vice President and President of HII’s Technical Solutions division. «It will enable UPI to continue to flourish, ensuring the business remains at the forefront of innovation and customer service in the future.»

Ernst & Young Capital Advisors, LLC served as Huntington Ingalls Industries, Inc.’s exclusive financial advisor for the transaction. 

About UniversalPegasus International

UPI is a privately held company headquartered in Houston, with a strategically located office in Calgary, Canada, and currently employs close to 600 personnel.

UPI has provided a broad range of engineering and project management services to the energy industry for over 50 years. Whether onshore or offshore, from the wellhead to processing facilities to delivery points, UPI delivers the engineering, design, project management, survey, inspection and construction management personnel to move energy safely, reliably and efficiently to domestic and international marketplaces. Find out more at www.universalpegasus.com/.

About PMC Capital Partners, LLC 

Established in 2019, PMC Capital is on the path of becoming one of the fastest-growing private equity firms that invests in strategic opportunities where thought, operational resources and flexible capital can empower management teams to execute their business plans. PMC Capital currently owns and operates a portfolio of high-quality national and international businesses in the lower middle-market space, employing nearly 1,000 employees, with approximately $450M in combined annual revenues. With over 100 years of collective private equity experience, PMC Capital brings a successful track record of executing corporate carve-outs, recapitalizing balance sheets, acquiring founder-owned companies and completing bolt-ons. With a committed pool of capital backed by a family office, PMC Capital targets control equity investment opportunities in the business services, industrials, TMT, consumer and health care sectors. The nature of PMC Capital’s platform allows for a longer-term time horizon and a business-friendly approach to ownership transitions, divestitures and successions.

The firm is headquartered in Los Angeles, California. For more information, visit www.pmccapital.com

About Huntington Ingalls

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. For more information, visit:

• HII on the web: www.huntingtoningalls.com
• HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: twitter.com/hiindustries

Contact

Chris Aye

Managing Partner, PMC Capital Partners, LLC

chris@pmccapital.com

 +1 818 896 1101

Related links

www.pmccapital.com

View original content:http://www.prnewswire.com/news-releases/pmc-capital-acquires-specialty-engineering-firm-universalpegasus-international-from-huntington-ingalls-industries-inc-301220888.html

SOURCE PMC Capital Partners, LLC

TEL AVIV, Israel, Feb. 3, 2021 /PRNewswire/ — Granulate, a company providing an autonomous real-time computing workload optimization and cost reduction solution, today announced a $30 million Series B funding round, bringing the company’s total amount raised to $45 million. The round was led by Red Dot Capital Partners with the participation of existing investors Insight Partners, TLV Partners, and Hetz Ventures. Dawn Capital also joined the round as a new investor. The Series B is Granulate’s second round of funding over the past ten months, as adoption of the company’s solution has more than tripled since the Series A.

Rising computing costs are a growing problem for companies of all sizes and from every industry. Granulate addresses this problem with its AI-driven solution that tailors workload prioritization for the unique needs of any company, reducing response times by up to 40% and driving a 5X increase in throughput. Functioning at the Operating System level, Granulate enables organizations to achieve at-scale workload performance, reducing costs by up to 60%. Designed to function in any computing infrastructure and environment, implementing Granulate is simple and fast, requiring zero code changes or R&D involvement, and results are seen within days, if not hours.

«Companies with increased computing resource needs have faced a simple trade-off – pay more or get by with less. Granulate lets companies do both: achieve much more with what they already have while paying less, gaining higher efficiency and margins,» said Asaf Ezra, Co-founder and CEO of Granulate. «In the wake of today’s challenging financial realities, we’ve seen a staggering increase in demand for our solution, which saves companies money, computing resources, and time. Optimized computing power means optimized business.»

Over the past 10 months, Granulate has experienced 360% new customer growth and 570% revenue growth, with the number of CPU cores under management rising by over 10X to over 300,000 cores. All told, Granulate has saved customers over 3 billion hours of core usage. Likewise, the rising adoption of Granulate’s optimization technology has led to a substantial reduction in computing energy needs, with over 15,000,000 pounds of carbon emissions saved.

«Granulate’s unique technology and impressive growth since their last funding round reflects a rising market demand for their game-changing optimization solution,» said Yaniv Stern, Managing Partner at Red Dot Capital Partners. «For companies facing rising infrastructure costs or focusing on operating cost reduction, Granulate offers a solution that can drive additional improvement regardless of any other solutions already deployed by their clients.»

«Granulate’s offering is unparalleled in the market, enabling companies to dramatically boost the performance of their cloud infrastructure whilst reducing costs. The business’s exceptional growth to date reflects both the accelerating customer demand and sophistication of their solution —infrastructure agnostic, with simple no-change-of-code implementation,» said Evgenia Plotnikova of Dawn Capital. «Cloud has won. As every company becomes a software company, Granulate represents a true revolution in the world of infrastructure that powers it all. We are hugely excited to see their journey ahead as the business continues to scale globally.»

«With the rapid adoption of usage-based public clouds, we’ve returned to a world – not unlike the mainframe era – where dramatic improvements in speed and efficiency of computing systems drop directly to the bottom line. This is particularly salient for companies that are rapidly digitizing their offerings in the midst of a global pandemic and the associated financial crisis, and this trend will continue far into the future,» said Lonne Jaffe, Managing Director at Insight Partners. «It’s hard to think of a company that won’t benefit from Granulate’s offering since it’s showing such significant performance and cost improvements across both sophisticated data and transactional workloads. Our increased investment is a testament to our excitement about Granulate’s market opportunity and momentum.»

About Granulate

Granulate is a real-time, autonomous computing optimization company that delivers reduced compute costs, faster response time, and better throughput, without any code changes required. Granulate’s patent-pending next-generation solution provides AI-driven, infrastructure and workload optimization for robust compute performance and cost improvements in any computing environment, empowering businesses of any size from any industry by bolstering their computing power while slashing computing costs. Companies that have implemented Granulate have reduced compute expenses by up to 60%, benefitting from a 40% response time reduction and 5X increase in throughput.

Granulate Contact:
Raanan Loew
Raanan@headline.media 
US: +1-347-897-9276

 

View original content:http://www.prnewswire.com/news-releases/granulate-raises-30-million-series-b-to-boost-compute-performance-and-slash-computing-costs-for-any-company-301221025.html

SOURCE Granulate

HOUSTON, Feb. 3, 2021 /PRNewswire/ — Mobius Risk Group affirms commitment to Environmental, Social, and Governance (ESG) practice and markets by joining the International Emissions Trading Association (IETA).

Armed with decades of experience, a trove of data, market-leading analytics, and a proprietary C/ETRM, Mobius joins IETA alongside dozens of companies committed to market-based climate initiatives to advance the clean energy transition in a sensible and scalable way. 

«We’re excited to be a member of an international group of business leaders taking bold steps to nurture carbon markets and pricing as a market-based solution to climate change,» says Eric Melvin, CEO at Mobius Risk Group.

Solving the climate crisis requires innovation, transparency, and capital allocation towards projects and initiatives that provide the highest value from an environmental and financial perspective. Mobius Risk Group’s proprietary C/ETRM, RiskNet, provides clients visibility into their real-time carbon footprint, credit/REC/offset portfolio position, and market pricing, organized down by compliance regime, vintage, registry, and project type. With intuitive visualization tools, mobile access, and analytics informed by Mobius’ 20-year track record in energy and commodities markets, the risk advisory firm is poised to play a pivotal role in improving today’s environmental markets’ credibility and functionality. 

ABOUT MOBIUS RISK GROUP

Mobius Risk Group, LLC is an independent, international commodity and physical energy risk advisory firm. Founded in 2002, Mobius provides strategic advisory services including financial, physical, and commodity risk management and valuation, carbon strategy development, and regulated energy oversight for producers, consumers, distributors and capital providers backed by its proprietary C/ETRM, RiskNet. RiskNet connects an entire organization with a single, comprehensive, controlled data source to drive more effective strategic decision-making amid volatile market changes. RiskNet is available as a mobile and tablet app to support seamless, streamlined decision making, even when teams are distributed or remote. 

ABOUT IETA

The International Emissions Trading Association (IETA) is a non-profit business organization created in June 1999 to establish a functional international framework for trading in greenhouse gas emission reductions. Membership includes leading international companies from across the carbon trading cycle. IETA members seek to develop an emissions trading regime that results in real and verifiable greenhouse gas emission reductions while balancing economic efficiency with environmental integrity and social equity. 

Contact:
Nicole Denise
mobius@callmargo.com
971-413-8337

View original content:http://www.prnewswire.com/news-releases/mobius-risk-group-joins-ieta-commits-to-market-based-climate-solutions-301220858.html

SOURCE Mobius Risk Group