Ensono
IT outsourcing
Year of Investment
2015
Sector(s)
Technology
Status
Realized
Website
ensono.com(Link opens in new window)Headquarters
Downers Grove, IL
Ensono is a leading hybrid IT services provider managing mission-critical workloads for large enterprises and acting as their trusted partner for digital transformation. The Company offers a comprehensive suite of services that help businesses optimize and modernize their IT systems across all types of infrastructure, including mainframe, cloud and hybrid environments. We sold the company in 2021.
Investment Summary
Ensono was formed in 2015 through Charlesbank’s acquisition of the IT outsourcing division of Acxiom Corporation (since renamed LiveRamp), a publicly traded marketing and data services company. At the time, the under-managed corporate division had experienced years of decline. We recruited industry veteran Jeff VonDeylen as CEO to execute the complex corporate carve-out and reposition the business.
The Charlesbank team was instrumental in helping Ensono build its business from a US business with 600 employees and $190M in revenue to nearly a $1B global business with 3,000+ employees. The investment team, credit team and resource group provided outstanding support and advice through acquisition and diligence assistance, financing support and operational excellence programs. We partnered throughout the investment period to drive growth in both revenue and EBITDA, resulting in a successful exit.”
Jeff VonDeylen, Ensono CEO
Organic Growth
Charlesbank facilitated the company's focused, organic growth in emerging product lines and adjacent product categories, including a rapidly growing public cloud segment. During our hold period, Ensono achieved double-digit organic growth and more than tripled its revenue and EBITDA through new business wins, core customer growth and operational improvements.
M&A
Under our ownership, Ensono completed four key acquisitions that deepened its service offerings (ex. adding public cloud capabilities) and boosted global operational scale. Additionally, we recruited an executive to oversee the integration of acquisitions.
Strategic Human Resources
We expanded the leadership team, provided guidance on succession planning, and played a pivotal role in cultivating a robust mid-level talent pool to bolster support for growth in critical functional areas.
Exit
In May 2021, we exited the investment, selling our ownership interest to a financial buyer.
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