Hamilton Robinson Capital Partners (HRCP), together with management and co-investors, has recapitalized GrayMatter LLC. GrayMatter, headquartered in Pittsburgh, PA, is a leader in the operational and industrial technology industry (IIoT).
Co-founder, CEO and Carnegie Mellon graduate Jim Gillespie says a substantial investment by private equity firm Hamilton Robinson Capital Partners will allow GrayMatter to rapidly expand its efforts to digitally transform industrial operations and empower people at forward-thinking companies across the United States and Canada.
“This acceleration allows GrayMatter to bring more resources, technology and innovation to our customers. We’re thrilled to expand the possibilities of digital industrial transformations,” said Gillespie.
A new wave of digital technology is creating opportunities for extreme increases in productivity and huge savings for industrial companies, but leaders need help with the transformation. That’s where GrayMatter steps in to guide the process and technology implementations.
“We are excited to partner with GrayMatter as the firm embarks on its next phase of growth. GrayMatter has developed a tremendous reputation for delivering data driven, process automation solutions to optimize operations for leading North American industrial companies,” said Brandon Richter, Managing Director at Hamilton Robinson. “GrayMatter’s services and solutions guide customers through a digital transformation of their operations resulting in dramatically increased productivity, improved monitoring and intelligence and enhanced security,” added Jim Parmelee, Managing Director at HRCP.
“This couldn’t come at a more critical time as the promise of Industry 4.0 comes true and industrial companies are realizing incredible value,” says GrayMatter Co-founder and Vice President on Manufacturing Industries Carson Drake