Triple Crown Consulting Receives Minority Growth Investment from WestView Capital Partners
June 5th, 2023
Austin, TX and Boston, MA – Triple Crown Consulting (“Triple Crown” or the “Company”), the leading provider of engineering talent for semiconductor hardware, embedded systems, and software, and WestView Capital Partners (“WestView”), a Boston-based growth equity firm, are pleased to jointly announce that WestView has completed a minority growth investment in Triple Crown.
Since its founding in 2004 by David Smith, Sabatino Guerriero, and Padma Sunkara, Triple Crown has offered unique access to pre-vetted and highly sought-after engineering candidates to high-growth technology companies across innovative end markets including consumer electronics, aerospace and defense, automotive, and manufacturing. The Company supports the internal semiconductor and silicon-related research and development initiatives of its customers by leveraging its deep candidate network to help customers accelerate and streamline their most pressing engineering talent needs. Triple Crown has achieved strong organic growth since its founding and has received numerous industry recognitions, including being named on Staffing Industry Analysts’ list of Fastest Growing Staffing Firms and as a Top 10 Staffing Firm to Work For by World Staffing Summit.
“We are excited to partner with WestView for Triple Crown’s next chapter and strongly believe that their experience backing other high-growth specialized staffing businesses will be valuable to us going forward,” said Chief Executive Officer and Co-Founder David Smith. “WestView’s investment is an important milestone in Triple Crown’s trajectory, and their focus on long-term collaborative partnership is strongly aligned with our own approach with our customers and employees. We are excited to continue providing our customers with high-quality and hard-to-find engineering talent,” added Chief Operating Officer and Co-Founder Sabatino Guerriero.
“Dave, Sab, and the entire Triple Crown leadership team have built an exceptional business that has become a clear market leader by strategically focusing on the semiconductor and silicon engineering market, where there is extremely strong demand for the type of highly-skilled talent that the Company specializes in. We look forward to leveraging our experience to support and further enable their continued growth,” said Jonathan Hunnicutt, Managing Partner at WestView, who will join Triple Crown’s board of directors. Kevin Twomey, a Principal at WestView who will also join the Company’s board of directors, added, “Our investment in Triple Crown reflects WestView’s longstanding commitment to partnering with passionate and growth-oriented founders. We are excited to partner with Triple Crown as they continue to build their business.”
WestView was represented by Latham & Watkins LLP. Triple Crown was represented by DLA Piper LLP.
About Triple Crown Consulting
Headquartered in Austin, Texas with additional offices in Arizona, California, New Hampshire, Tennessee, and North Carolina, Triple Crown is a leading provider of hardware, embedded, software, and mechanical engineering talent. The Company’s candidate centric business model allows its team to provide instant solutions to its customers’ most in-demand hiring needs. The Company is highly focused on fostering relationships and providing the best experience for its customers and candidates.
Business and technology teams from Fortune 500 enterprises to emerging startups rely on Triple Crown’s ability to rapidly place developers, architects, coders, analysts, and designers who engineer digital transformation and growth. For more information, please visit www.tripleco.com.
About WestView Capital Partners
WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalization, growth capital, and consolidation transactions in several sectors including: business services, IT services, healthcare technology and outsourcing, software, and growth industrial. WestView targets investing $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million. For more information, please visit www.wvcapital.com.