IPKeys Acquires SigmaFlow
February 6, 2019 – England & Company served as the exclusive financial advisor to IPKeys Power Partners, a leading provider of meter data management, cyber security, and demand management, in its acquisition of SigmaFlow LLC.
The acquisition accelerates IPKeys’ strategy of leveraging its Cyber Lab as a Service (CLaaS platform and related cyber security services that have been provided in the federal and Department of Defense sectors for delivery in the utility and public safety network communications sectors.
“We are excited about coming together with the SigmaFlow team and the value IPKeys Power Partners will be able to deliver to utilities through its cost-efficient and end-to-end cyber security solution,” said Robert Nawy, CEO, IPKeys Power Partners. “Our mission is to strengthen the cyber security defense programs of utilities and public safety organizations in a framework that essentially locks the cyber doors, continuously monitors those locks, and now, with the addition of SigmaFlow, includes NERC CIP compliance and road maps.”
“England & Company did a great job of identifying a solid strategic acquisition that expands IPKeys Power Partners’ capabilities,” said Robert Nawy. “We received partner-level attention and great support from their entire team. We are delighted with the result.”
IPKeys, founded in 2005 and co-headquartered in Eatontown, NJ and Stafford VA, is a strategic partner to public and private entities in the energy, DOD, federal, and commercial sectors and delivers expertise in the development, integration, and deployment of cyber secure Internet Protocol technology and communications systems.
IPKeys Power Partners, a wholly owned subsidiary of IPKeys, provides the utility, energy and municipal public safety sectors with Meter and Operational Data Management, Cyber Security, Public Safety Network Engineering and Electricity Demand Management and Demand Response services.
SigmaFlow, founded in 2001 and based in Frisco, TX, provides workflow platforms to the energy sector. The company’s Oil & Gas Well Delivery solution provides visibility into drilling plans through rig scheduling and pre-drill workflow, while its Compliance Manager (CM) solution reduces the risk and cost of NERC Compliance for electric utilities with process controls and evidence management. SigmaFlow’s CM solution has been widely adopted in the U.S. and Canada as the market leader for automating critical infrastructure protection (CIP) compliance.
About England & Company
With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.
Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.