Windjammer Capital Partners with IPS Group
March 1, 2021
Windjammer Capital Investors (“Windjammer”) is pleased to announce that it has partnered with management of IPS Group, Inc. (“IPS” or the “Company”) to advance and accelerate growth of the Company.
Founded in 2000 and headquartered in San Diego, IPS is an industry pioneer delivering Intelligent Parking Systems and payment software to transportation and parking operations globally. The Company provides a fully-integrated Smart Parking Management Solution including single-space meters, multi-space pay stations, enforcement, permitting, and vehicle detection sensors, integrated via SaaS management software with Advanced Data Analytics.
“We are excited to partner with the IPS team to help drive its next phase of growth. The Company has been a market trailblazer for the past 20 years with its development of single space smart meters and innovation of Smart City technology solutions,” said Ryan Pertz, Managing Director at Windjammer.
“Our team has driven IPS to a level which I could not have imagined and is unparalleled in the industry,” IPS founder David King said. “Windjammer shares our team’s belief that IPS is the parking platform of the future, and I am convinced that this partnership gives IPS the opportunity to grow even further.”
IPS COO Chad Randall added, “IPS will continue its rich history of innovating our meter and sensor technology, and our analytics platform. We look forward to broadening our solutions, and delivering the benefits of our full suite of products and services to our customers.”
“IPS represents a very attractive investment opportunity for Windjammer, embodying the key characteristics we look for in new platform companies,” said Jeff Miehe, Managing Principal of Windjammer, “including market leadership, a mission-critical product offering that delivers a proven value proposition to its customers, a scalable business with identifiable growth opportunities and a strong management team. We are very pleased to add IPS to the Windjammer portfolio.” IPS is the fourth platform investment from Windjammer’s $870 million Senior Equity Fund V, L.P.
More information on IPS and its suite of products and services can be found at www.ipsgroupinc.com.
If you would like additional information or have any questions related to this transaction, please contact Ryan Pertz (rpertz@windjammercapital.com) or Jeff Miehe (jmiehe@windjammercapital.com).
About Windjammer Capital
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle-market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and since inception has completed over 50 platform investments and more than 100 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance. www.windjammercapital.com
About IPS Group
IPS Group, headquartered in San Diego, Calif., with offices across North America and Europe, is a design, engineering and manufacturing company focused on low-power wireless telecommunications, payment processing systems, intelligent data management and SaaS technologies. For over 20 years, IPS has delivered world-class solutions through its fully-integrated Smart Parking Platform, comprised of smart single-space meters, multi-space pay stations, pay station upgrade kits, vehicle detection sensors, smart cash collection systems, mobile applications, enforcement and permitting solutions, hosted data management software with advanced data analytics, and more.