Becklar, a provider of connected safety and monitoring solutions, announced that it has received an investment from Graham Partners, a private investment firm with a track record of investing in technology-driven businesses.
According to the announcement, Becklar management and existing private equity partner BV Investment Partners will both roll substantial ownership stakes and welcome Graham as the new lead investor.
“Becklar’s investment from Graham Partners is a pivotal moment for our company,” said Steve Richards, CEO, Becklar LLC. “Our new partnership will enhance our ability to innovate further, add new use cases and markets, increase our scale, and enable Becklar to deliver even greater value to our partners and enterprise customers across North America and eventually Europe. We are excited to join forces with Graham, whose resources and experience will seek to propel Becklar into our next phase of growth.”
Rob Newbold, managing principal, Graham Partners, said, “Becklar’s commitment to protecting life, property and enhancing safety through their innovative solutions makes it an ideal fit for our portfolio. We are thrilled to collaborate with their talented team to build on their strong foundation and unlock the next phase of growth, expansion and innovation.”
Under this new ownership, Becklar will continue to operate from its headquarters in Ogden, Utah, with its current leadership team.
“We are grateful for the partnership with the exceptional team at Becklar over the last few years to help scale the business, add new capabilities and enter new markets,” said Justin Garrison, managing director, BV. “There is still a lot of opportunity to go after and Graham is a terrific new partner to help the Becklar team capture it.”