SP&T News

Private equity firm acquires RightCrowd

October 1, 2023  By  SP&T Staff

Bloom Equity Partners, a New York-based private equity firm, announced its acquisition of RightCrowd, a provider of physical identity and access management solutions.

The acquisition was finalized on Sept. 25.

“This partnership with Bloom Equity Partners represents an exciting new chapter in RightCrowd’s journey,” said Brian McIlravey, COO and president, RightCrowd in a statement. “We have always been dedicated to revolutionizing access risk and physical identity and access management solutions. Now, with the invaluable support and expertise of Bloom Equity Partners, we are uniquely positioned to accelerate our growth and offer even more comprehensive solutions to our clients.”

“RightCrowd’s exceptional physical identity and access management solutions have already left an indelible mark on the industry,” added Bart Macdonald, CEO, Bloom Equity Partners, “and we believe that our strategic partnership will further enhance their capabilities and market reach. This acquisition aligns perfectly with our mission of nurturing growth and delivering tangible value to our portfolio companies.”

Following the acquisition, RightCrowd will continue to operate independently, according to a company statement.

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