Birdseye Security Solutions, a tech-enabled logistics security and supervision company, announced a new equity investment from GreyLion Partners, a leading private equity firm specializing in investing in high-growth businesses.
This equity investment from GreyLion represents Birdseye’s first institutional capital since the firm’s founding in 2011 by founder and CEO Mike Grabovica. Launched in 2011, Birdseye is a tech-enabled logistics security and supervision industry leader with services superior to other remote video monitoring solutions.
This company specializes in creating tailored logistics security and supervision solutions to help customers prevent theft, yard accidents, cargo loss, and other crimes while increasing visibility into yard management, improving operations, and ensuring compliance with standard operating procedures.
Since its launch, Birdseye has served top-tier customers in the logistics industry, spanning end markets such as transportation / intermodal, automotive, shipping, and warehousing. Birdseye has generated annual revenue growth since its inception, with compounded revenue growth in recent years of 30+%. As a result of its differentiated service offering, it maintains net customer retention well over 100%.
KEY QUOTES:
“We have been fortunate to grow Birdseye into an industry leader over the past 13 years and we are incredibly proud of what we’ve accomplished. As we look towards the future, identifying a strategic partner that possesses extensive experience helping companies like ours accelerate their growth trajectory has become increasingly important. GreyLion’s deep expertise, outstanding team and transparent process and approach to how we would work together to achieve continued success made them the ideal fit to serve as a long-term partner. I am excited to work with Henry, Santi and the GreyLion team.”
-Mike Grabovica, Founder and CEO of Birdseye
“Mike and his team have done an exceptional job building Birdseye’s technology platform and services offerings while creating a rapidly growing, profitable business that we believe has significant opportunities to scale over time with both existing and prospective customers in its core end-markets.”
-Henry Heinerscheid, Partner at GreyLion
“We are very excited to have the opportunity to partner with Mike and the Birdseye team and we are looking forward to helping the Company successfully navigate its next chapter of growth to further cement itself as the pre-eminent solution for the logistics industry.”
-Santi Núñez, Partner at GreyLion
