Texas-based private equity firm Teakwood Capital has acquied Clockwork Solutions Inc (CSI), a provider of total-life-cycle Performance Prediction and Risk Management solutions for asset-intensive major industrial companies, military organisations and government agencies.
CSI delivers solutions that maximise equipment, system, and fleet availability while minimising life-cycle operations and maintenance costs. Equipment down time is reduced, inventory is minimised and better positioned, system-wide asset availability is increased and new opportunities to improve profitability are identified. CSI’s solutions serve major industrial operators in the Aerospace & Defence, Power Generation, Refining and Process markets. The majority of CSI’s clients are Fortune 500 companies and government entities.
CSI is highly differentiated by its technology and the return on investment its integrated solutions deliver in highly complex, interdependent systems. Rather than rely on simple off-line analytical techniques, CSI uses advanced statistical and simulation-based optimisation tools embedded directly within a client’s operational systems. The Company has saved its clients billions of dollars, delivering over 100x returns on customers’ investments. CSI’s solutions meet the needs of global companies and governments to tighten budgets while simultaneously increasing operational efficiencies.
"Teakwood has broad experience identifying companies delivering clear operational savings through technology enabled products and services. We were stunned by depth of CSI’s technical innovation and how well it has been managed into a successful business. CSI goes beyond doing ‘more with less’ and answers actionable questions of when and where assets should be deployed, operating expenses accounted for, and how both should be optimised across an organisation,” says Shawn Kelly (pictured), Managing Director of Teakwood Capital. “This acquisition adds to Teakwood’s portfolio of companies with innovative technology and strong management teams delivering proven solutions, operational efficiencies and high return-on-investment.”
