June 23, 2022
Clearsight Advises Avesi Partners on an Investment in memoryBlue
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another high-growth, industry-leading outsourced services transaction. Clearsight served as the exclusive financial advisor to Avesi Partners (“Avesi”) on its investment in memoryBlue, LLC (“memoryBlue” or the “Company”).
Based in Stamford, CT with an office in Richmond, VA, Avesi is a private equity firm that partners with privately held, middle market companies across key sectors of the economy, including healthcare, insurance, technology and business services. Avesi seeks to provide expertise and resources to accelerate growth and empower businesses to attain their full vision in a time and capital efficient manner. memoryBlue is a leading outsourced sales development consulting firm to the technology industry with its headquarters in Tysons, VA and additional offices in Austin, Boston, Denver, Seattle and Silicon Valley. The Company serves as a comprehensive sales acceleration partner through its value-added sales development offering, in addition to direct hire and sales training services. Avesi’s investment will strengthen memoryBlue’s initiatives to expand the Company’s geographic reach and capabilities and assist the management team in meeting increased market demand for its services.
Chris Williams, Partner at Avesi, remarked, “It’s been a pleasure to work with Clearsight on a number of recent opportunities. Their relationships in the business services and consulting space are unmatched, and their perspectives and shared experience across high-growth sectors of the economy have been invaluable. We are thankful for Clearsight’s support in this process and are thrilled to partner with memoryBlue as it continues its robust growth trajectory within the technology industry.”
Clearsight Managing Director John Rakowski commented, “The team at Avesi was great to work with. They have been very active and have quickly built a reputation as a leading investor and partner in the knowledge economy landscape. We at Clearsight are proud to have supported them in this key transaction and look forward to watching their partnership with memoryBlue flourish in the coming years.”
The Clearsight deal team included John Rakowski, Thomas Foreman and Claire Duchene.