Long Ridge Announces the Sale of Portfolio Company BROWZ to Avetta

February 14, 2019

Long Ridge Equity Partners is pleased to announce the sale of our portfolio company BROWZ to Avetta. Together, BROWZ and Avetta form an industry-leading organization focused on delivering the best in supply chain risk management services to companies worldwide. As part of the transaction, Long Ridge is rolling over a portion of our investment and will remain a shareholder in the combined entity.

For over 16 years, BROWZ has worked with the world’s largest organizations across more than 35 industries to implement supply chain prequalification and compliance programs. The combination of Avetta and Browz expands the combined organization’s global network to 85,000 customers in over 100 countries in the fast growing, $14 billion marketplace for supply chain risk management solutions. Avetta and BROWZ combine more than three decades of experience in making industries safer, more sustainable and compliant by vetting and qualifying the suppliers that support their global clients. Avetta and BROWZ’s 450 combined clients include blue chip companies in industry verticals such as energy, chemicals, manufacturing, utilities, construction materials, facilities management, communications, transportation, logistics & retail, mining, aerospace & defense and food & beverage. These industry leaders require better visibility into supply chain risks, such as workplace health & safety, sustainability, modern slavery, data privacy, anti-bribery & corruption, regulatory and insurance compliance.

Elaine Beitler, CEO of BROWZ, said, “BROWZ joining Avetta will strengthen and enhance capabilities for BROWZ’s customers and employees. Our industry was created to provide a simpler process for managing supply chain risk. This combination furthers our ability to provide an easier way for suppliers to share their compliance information, and a simpler, larger network for our customers. We will bring our technical expertise and customer service excellence to lead the industry at Avetta. This is a great combination, and we’re very excited about the future.”

Read the full press release here.