Gryphon Investors Partners with phData to Drive Growth in Data and AI Sector

Gryphon Investors Partners with phData

Gryphon Investors, a well-known middle-market private equity firm, has announced a strategic partnership with phData, a leading company specializing in data and AI services. The transaction represents a significant step for both organizations, as Gryphon has completed a majority growth recapitalization of phData. This move aims to bolster phData's ongoing growth and help them expand their unique offerings in the market.

Founded in 2014 and based in Minneapolis, Minnesota, phData is recognized globally as one of the largest providers of data engineering services. The company's expertise encompasses a wide range of areas, including data applications and AI solutions, further establishing its position as a Snowflake Elite Services Partner and an AWS Advanced Consulting Partner. Their capabilities include data engineering, AI and machine learning, analytics, and visualization services, tailored for various industries such as financial services, healthcare, and retail.

The partnership is also designed to enhance phData's development and strengthen its global team. Ryan Bosshart, CEO of phData, expressed enthusiasm about collaborating with Gryphon, stating that they share a mutual vision towards innovative and efficient data solutions that create real-world business value.

Gryphon Investors’ involvement marks the firm's fourth investment in a Technology Solutions Services company. Earlier partnerships included 3Cloud, NewRocket, and Caylent. Gabe Stephenson, Gryphon’s Partner and Head of the Technology Solutions Services Group, emphasized phData's unique position in the market, backing the belief that they are well-equipped to navigate the changing landscape driven by advancements in data and AI.

Gryphon Investors, which manages assets exceeding $9 billion, focuses on investing in profitable businesses across various sectors, including Business Services, Technology Solutions, and Healthcare. Their model is characterized by a collaborative approach, working closely with founders and management teams to foster growth and long-term success.

The transaction not only strengthens phData's market presence but also reflects Gryphon’s commitment to businesses that can leverage technology for sustainable growth. The combined expertise and vision of both firms are expected to create compelling opportunities in the data and AI sectors.

As the industry evolves, the partnership aims to capitalize on the increasing demand for advanced data solutions, and their focus on innovation is likely to yield significant returns. Analysts believe that this investment could be a game-changer for phData, propelling them to the forefront of the data engineering and AI landscape.

The financial specifics of the transaction have not been disclosed, but the agreement underscores the confidence Gryphon Investors has in phData's potential and their strategy to cement their leadership in the data and AI services market. As they move forward, the experienced teams from both Gryphon and phData are set to harness the technological advancements and strong customer relationships that will drive their success in coming years.