Pittsburgh, PA – GrayMatter, a top Industrial Intelligence technology solution provider, is accelerating its expansion with a significant investment from Tailwind Capital, a leading private equity firm focused on investments in growth-oriented, middle-market companies.
This partnership comes at a pivotal time for the Industrial Intelligence market. It allows GrayMatter to capitalize on a seven-year growth streak that produced five strategic company acquisitions, a new operations team in India and a workforce of engineers at the top of the industry.
“Our industry is at an inflection point, and with Tailwind’s investment, we have the opportunity to create a new brand of Industrial Intelligence. Our automation, brilliant operations, industrial analytics and cyber for OT offerings are in high demand,” said James Gillespie, CEO and co-founder of GrayMatter. “This allows us to empower operators and provide more help to manufacturing, critical infrastructure and life science companies.”
Tailwind Capital is known for its hands-on investment approach and its commitment to partnering with management teams to drive transformative growth.
“It’s a thrill to see how Tailwind can support the rapid growth of companies like GrayMatter,” said Andrew Mayer, a Partner at Tailwind Capital. “We know the Industrial Intelligence market is expanding as companies invest in powerful solutions like AI, machine learning and cybersecurity. We plan to drive that growth and win.”
Included in GrayMatter’s expansion is GrayMatterMDR, a new service under its Cybersecurity for Operational Technology offering. GrayMatterMDR is a comprehensive MDR (managed detection & response) security solution for industrial operations.
"We are excited to have Tailwind join us as we push the boundaries of what’s possible in Industrial Intelligence," Gillespie said.
About GrayMatter
GrayMatter is a leading industrial technology company dedicated to transforming operations and empowering people. We help your people and your industrial assets become smarter and more visible.
Some of the largest industrial companies in the world lean on us to protect and connect their critical assets to their teams so that every operator is empowered to be the best operator.
GrayMatter has been named to the Inc. 5000 fastest-growing companies list for six consecutive years and was named Pittsburgh’s Tech50 Innovative Solution Provider of the Year for 2018, 2019 and Tech50 Cybersecurity winner in 2023.
About Tailwind Capital
Tailwind Capital is a private equity firm with a sector-focused approach to investing in U.S. lower middle market services companies within Infrastructure Services, Supply Chain and IT Services.
Tailwind’s value creation model is centered on its buy-and-build investment strategy, which seeks to scale lower middle market businesses through accretive acquisitions and operational investments, including foundational resourcing, professionalizing operations, implementing technology capabilities and investing in talent. Since its inception, Tailwind has invested $4 billion in over 270 acquisitions, including 51 platform companies and over 220 add-on acquisitions.