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2016-03-11

Serent Capital Invests in Next Gear Solutions

San Francisco, CA - March 11, 2016 — Serent Capital, a San Francisco-based private equity firm focused on investing in growing, profitable industry leaders, has partnered with Next Gear Solutions (“Next Gear”), the leading provider of job management and workflow software to the construction restoration industry. Next Gear’s SaaS platform is used by thousands of restoration contractors to manage all aspects of their restoration businesses. The investment will provide Next Gear with a strategic and capital partner to support continued growth.

"Next Gear weighed the decision to partner with Serent very carefully," said Garret Gray, President / CEO of Next Gear. "Their alignment with our values and customer focused management philosophy drove our decision. We are excited for what this partnership will mean for our customers and the restoration industry in general as we are now better positioned to accelerate our product and service offering."

Next Gear’s mission is to leverage technology to increase operating transparency, promote growth, and improve quality and efficiency for restoration contractors. Next Gear’s solution is the market leader, utilized by thousands of contractors including 4 of the top 5 franchisors in the restoration industry. Customers choose Next Gear’s integrated platform to streamline multiple facets of their companies from job management and workflow to contact management and marketing. Next Gear also created DryTrack, an intelligently designed moisture mitigation management application. Collectively, Next Gear's suite is the most comprehensive system available to help restoration companies grow and manage their businesses.

"We are thrilled to have the opportunity to partner with Next Gear. Garret and his team have built the industry leading job management solution for the restoration market, and they are spearheading the secular shift in the industry away from paper towards solutions that help restoration companies increase revenue and improve efficiency," stated Lance Fenton, Partner at Serent Capital.

Serent’s investment in Next Gear was the culmination of its continued research in the residential home field services and construction industries. Serent continues to pursue opportunities that help bring technologies, services, and efficiency to this growing and fragmented market.

About Next Gear Solutions
Next Gear Solutions is a leading provider of job management and workflow software to the construction restoration industry. Next Gear’s platform allows restoration contractors to manage all aspects of their business on one integrated platform. Next Gear is used by thousands of the leading restoration contractors including 4 of the top 5 franchisors in the restoration industry. Next Gear was founded in 2008 and is headquartered in Oxford, Mississippi.

For additional information, visit www.nextgearsolutions.com.

About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face evolve with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating those challenges through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its experience and capital to bear, Serent helps growing businesses thrive.

For more information on Serent Capital, visit www.serentcapital.com.