Spire Capital Partners Completes Platform Investment in PenLink
Spire Capital leverages its experience in enterprise software and technology-enabled services to partner with leading U.S. provider of mission-critical government investigative software solutions in its next phase of growth.
NEW YORK (April 5, 2022) – Spire Capital Partners (“Spire Capital”), a leading New York-based private equity firm specializing in investments in the technology-enabled business services, communications, media, and education sectors, announced it has completed a controlling investment in Pen-Link Inc. (“PenLink” or the “Company”). Based in Lincoln NE, PenLink is a leading provider of communications surveillance software to top federal, state and local law enforcement agencies in the U.S. and internationally. PenLink’s best-in-class software platform PLX (https://www.penlink.com/plx/) is often the first-choice software solution of law enforcement for communications collection and analysis. In addition to PLX, PenLink offers enhanced software capabilities purpose-developed to meet the most nascent technology demands of investigative analysts, delivering real-time actionable communications intelligence for mission-critical investigations.
Spire Capital will partner with PenLink’s seasoned management team to accelerate the Company’s growth by leveraging its experience in the government-focused technology sector, as well as through strategy to further penetrate the U.S. government marketplace and expand into new geographic and product adjacencies. Sean White, Managing Partner at Spire Capital, commented, “PenLink is a national leader with a deeply entrenched position in this mission-critical, high barriers-to-entry U.S. law enforcement software market. We are proud to partner with an existing team of highly capable and motivated executives, who are focused on the next phase of the Company’s growth.”
PenLink’s CEO Kevin Pope said, “We are extremely excited to have support from Spire Capital in our efforts to enable law enforcement agencies across the U.S. and internationally to achieve their missions. Spire Capital has an outstanding record of investing in market-leading technology companies to achieve rapid growth. In addition to the financial and business resources that Spire’s investment brings to bear, we are excited to partner with the Spire team as we expand our product capabilities and enhance our sales and marketing efforts.”
Dentons LLP served as legal counsel to Spire Capital. Chartwell Financial Advisory acted as exclusive financial advisor and Kutak Rock LLP as legal counsel to PenLink. Madison Capital Funding is providing senior debt financing to the Company.
About PenLink
Founded in 1986, PenLink (https://www.penlink.com/) is a leading developer and provider of mission-critical communications surveillance software to federal, state and regional law enforcement agencies in the U.S. and internationally. In addition to its flagship software platform PLX, PenLink also offers enhanced add-on capabilities, including the PenPoint mobile app, PLX Connect inter-agency data exchange network, and artificial intelligence-driven advanced analytics. The Company has a 35-year history of serving law enforcement agencies in their mission to fight crime with advanced surveillance software and communication data solutions.
About Spire Capital Partners
Spire Capital Partners (https://spirecapital.com/) is an active and experienced private equity firm with an investment focus in lower middle market companies within the technology-enabled business services, media, communications, and education sectors. Spire Capital Partners was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire Capital Partner professionals have a broad array of past operating, investing, and advisory experiences that they leverage to assist portfolio companies in accelerating growth, guiding strategic direction, and executing their business plans.
Spire Capital Partners is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Act of 1940. Market conditions can vary over time, and past fund performance does not guarantee future fund results.