Fort Myers, FL, January 29, 2015 --(PR.com
)-- dESCO, LLC, the leading service management software provider for HVAC, Plumbing and Electrical contractors, today announced that it has entered into a strategic partnership with Highland Creek Partners, an entrepreneurial investment firm backed by a group that includes 19 current and former CEO/Presidents, 20 partners at institutional investment firms and 4 Ernst & Young Entrepreneur of the Year award winners.
Under the terms of the agreement, dESCO will continue to provide industry leading products, service and support that customers have come to expect, and all license and service agreements will be maintained. The Highland Creek team will bring decades of experience successfully growing technology businesses and will serve as advisors and directors for dESCO going forward. Dean E. Schreiner will step down as Owner and CEO but will remain involved with the business as a senior advisor.
“I strongly believe that this partnership best positions the company to execute on our vision of providing the most innovative software solutions to the service industry,” said Dean E. Schreiner. “dESCO will gain financial flexibility and strong managerial expertise to better serve our customers and execute on our long-term strategy. We are excited to work with our new partners at Highland Creek and enter our next chapter of growth and industry leadership.”
For the transaction, Highland Creek was advised by McDonald Hopkins, LLC and Hood and Strong, LLP. Lending for the deal was provided by Avidbank.
For any questions, please contact KaraCrider, Director Marketing (firstname.lastname@example.org).
About dESCO, LLC.
dESCO, LLC. is the leading developer of innovative service management software for the service industry. Headquartered in Fort Myers, Florida, dESCO serves more than 30 service verticals, both nationally and internationally. dESCO's flagship product, Electronic Service Control (ESC), is a comprehensive service management solution that enables companies to easily manage customers, work, and finances. ESC provides the tools and features growing and profitable service companies need for success. For more information, visit www.desco-soft.com or contact us at 800-226-7529.
About Highland Creek Partners
Highland Creek Partners is backed by over 25 seasoned entrepreneurs, executives, and investors, a group that includes 19 current and former CEO/Presidents, 20 partners at institutional investment firms and 4 Ernst & Young Entrepreneur of the Year award winners. This team brings decades of experience to operating and successfully growing technology businesses.