Align Capital

Assembly Line

Align Capital Partners Announces Sale of SEAM Group to ABB

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: Align Capital, SEAM Group, ABB

Align Capital Partners announced that its portfolio company SEAM Group has entered into a definitive agreement to be acquired by ABB. SEAM Group is a provider of energized asset management and advisory services to over 3,000 customer sites across the industrial and commercial building markets. The transaction is subject to regulatory approval and expected to close in Q3 2024.

Headquartered in Beachwood, Ohio, SEAM Group provides customers holistic advisory, training and technology solutions including electrical safety, predictive maintenance programs, reliability consulting and repair services; each supported by patented software systems ensuring program metrics. ACP’s initial investment in the SEAM Group platform came via the acquisition of Lewellyn Technology in 2017. During the partnership, SEAM Group experienced strong organic growth and scaled operations through three add-on acquisitions.

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