WestView Capital Partners Completes Sale of The Shelby Group to Accenture

Boston, Massachusetts — November 2, 2023 — WestView Capital Partners, a Boston-based growth equity firm, announced today that it has completed the sale of The Shelby Group, LLC (“The Shelby Group” or the “Company”) to global professional services firm Accenture. WestView led a growth investment in The Shelby Group in December 2019. The Shelby Group is a leading provider of platform enabled digital procurement transformation services.

Founded in 2002 with headquarters in Schaumburg, Illinois, The Shelby Group is a procurement technology consultancy with deep experience in Coupa and Ivalua solutions. It helps clients in the manufacturing, financial services, consumer, healthcare and technology industries transform procurement operations by increasing spend visibility and task automation and decreasing cost and risk.

“WestView has been a highly strategic and supportive partner to the Shelby team,” said Jim Kandilas, Founder and CEO of The Shelby Group. “Their experience and insights were instrumental as we scaled the business during our time together. We feel incredibly well-positioned to continue our growth and are extremely excited to join the Accenture team.”

“We are extremely proud to have been a part of the Shelby story,” said Greg Thomas, Partner at WestView. “Jim and the entire Shelby team did an incredible job growing the Company while maintaining exceptional service quality. We wish them continued success and are excited to see what the team can accomplish as part of Accenture.”

Thomas Gilligan, Senior Associate at WestView added, “It was a pleasure to work with the Shelby team through this stage of growth. Jim and the team are in a great position joining Accenture to continue delivering their industry leading services.”

WestView was represented by Guggenheim Securities and Latham & Watkins LLP.

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 recapitalizations, growth capital, and consolidation transactions in several sectors, including: software, business services, IT services, healthcare technology and outsourcing, and growth industrial. WestView targets investments of $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 visitwww.wvcapital.com