Acquisition strengthens utility domain knowledge and provides expertise in implementation services to a global client base
ATLANTA, Jan. 8, 2013 /PRNewswire/ -- Five Point, an advisory and consulting services firm serving the utility, mining and transportation industries, has acquired EP2M, a leading systems integrator focused on the utility industry. Five Point's acquisition of EP2M supports its expansion strategy, further solidifying its market position as a leading full-service technology solutions firm for companies operating in capital intensive industries.
The acquisition serves the companies' joint mission of delivering highly-focused enterprise consulting services intended to drive operational efficiencies and customer satisfaction for its clients. The EP2M acquisition is the second of two key acquisitions for Five Point in a nine-month period. Five Point acquired Turnpoint Solutions, which specializes in enterprise asset management for the energy, mining and transportation industries, in May of 2012.
"The EP2M acquisition significantly advances Five Point's objective of becoming a full-service consultancy with a specific emphasis on advisory, implementation and managed services," said Five Point CEO and co-founder Kurt Zuch. "As a full-service consultancy, Five Point will more thoroughly leverage our depth of expertise in software solutions from leading vendors such as SAP, Oracle, Ventyx, Infor and Harris."
"Five Point and EP2M are like-minded organizations; the combination of our two firms will offer significant benefits to our clients and employees alike. By blending our systems integration infrastructure with Five Point's broader application and business process expertise, we can offer a more comprehensive solution-set on a global basis," said EP2M CEO David Mulit. "At Five Point, as previously with EP2M, we will continue to focus on developing and maintaining long-term client relationships and providing full life-cycle services for enterprise software solutions."
Genesis Capital acted as financial advisor and Kilpatrick Townsend provided legal counsel to Five Point. Funding for the transaction was provided by Enhanced Capital and Bank of America Merrill Lynch and their legal counsel was provided by Perkins Coie and Strasburger & Price, respectively. Day Pitney acted as legal counsel to EP2M.
About Five Point
Five Point Partners, LLC is a provider of technology-enabled consulting services to companies operating in the utility, mining and transportation industries. Five Point provides its clients with advisory, implementation and managed services for complex enterprise software systems. Combined with EP2M, Five Point now has over 250 employees operating in North America, Australia and the Philippines and 65 global clients.
About Five Point: www.fivepoint.net
About EP2M: www.ep2m.com
Five Point Contact:
Blythe Lewis
Marketing Director
Five Point
(888) 830-4959 Ext. 753
marketing@fivepoint.net
EP2M Contact:
Kelly Storms
Marketing Director
EP2M
kelly.storms@ep2m.com
(201) 888-0941
