Avance Investment Managment, a private equity firm investing in founder-owned services, technology, and consumer sectors, has made a strategic investment in RIA Advisory, a provider of revenue management services.
RIA was founded in 2016 and has made a space for itself as a partner for transforming revenue management for Fortune 100 companies and blue chip customers.
“Avance’s investment in RIA is a testament to the best-in-class revenue management advisory services and products our team of industry pioneers has built over the last five years,” said RIA Advisory CEO and founder Saket Pabby. “Having known the Avance team for many years, we are confident their operational expertise, technology investing expertise and successful track record of investing in founder-led businesses make them the right partner for RIA as we enter our next phase of growth. We continue to see significant opportunities for growth and expansion in today’s market and we are excited to work with Avance to build on our momentum and continue to provide unparalleled support and solutions for clients around the world.”
Canaccord Genuity and Jones Day advised RIA, while Avance was advised by Guggenheim Securities and Greenberg Traurig.