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April 8, 2008
PORTLAND, MAINE, USA � HCI Solutions, LLC (HCI), a leading provider of sustainable �green� facility governance solutions, announced today that Cordjia, LLC (www.cordjia.com), ), a Delaware and Maine-based private equity firm with extensive management, operations, technology and real estate expertise, has taken a majority interest in HCI�s business.
Cordjia will infuse a newly formed company, which acquired HCI System�s assets, with capital to accelerate the company�s projected growth into new markets and geographies; grow its in-house staff of experts; and continue the company�s investment in its proprietary technology, according to Blaine Buck, a managing director at Cordjia.
Cordjia will also add to HCI�s executive team by participating on the HCI Board of Managers. Cordjia�s management team includes Buck, a licensed architect and professional engineer who has delivered projects globally with a total development cost of over $1 billion; Navroze Eduljee, a former director of information management and business intelligence with MBNA America (Bank of America); Shane Flynn, former Chief Executive Officer of MBNA Europe; and Frank McKelvey, former vice chairman of MBNA America (Bank of America).
Cordjia and HCI share a common vision for the company, said Jim Kavanagh, its President and CEO. �Cordjia provides HCI capital to execute its growth strategy but just as important, is committed to directly contributing to our operations to ensure we achieve our business goals. Cordjia has proven experience in recruiting top talent; negotiating successful partnerships; developing innovative marketing plans; and implementing technology-driven solutions.�
�HCI is ready to make the next leap forward and their prospects for growth are outstanding. HCI�s solutions meet the needs of an evolving $15 billion marketplace,� stated Buck. �The company has developed proprietary market-leading technology that captures facilities data and delivers powerful management information.�
�Managing the sustainability of facility assets in an eco-efficient and transparent manner is becoming increasingly important to public and private organizations around the world. As organizations focus on improving their bottom line, there has been a significant void in management information tools to assist in facility governance; solutions that improve the economic, energy, environmental, and social performance of facility assets,� said Kavanagh.
Sustainability is emerging as a core business goal of leading organizations, both public and private. More and more, today�s global community is recognizing that successful management of facility asset portfolios requires processes and systems which support sustainability through the optimization of capital expenditures, improved lifecycle and maintenance decisions, enhanced energy efficiency and management, reduced emissions, and improved facility security with the capacity to provide timely stakeholder-responsive performance reporting and decision making.
With the agreement, HCI Systems and its assets will be restructured as HCI Solutions, LLC, the newly formed entity into which Cordjia is investing.
About HCI Solutions, LLC - HCI provides technology solutions and consulting services that enable companies to adopt �green� governance practices for their facilities, infrastructure and buildings. Combining leading strategic management methods with proven engineering and economic models, HCI helps its clients optimize capital and operating lifecycle budgets, streamline facility governance processes, keep environmental commitments, comply with regulations and reporting requirements and inform stakeholders through sustainability reporting. To learn more about HCI�s solutions, please visit www.hcisystems.com
About Cordjia, LLC - Cordjia is a Delaware and Maine-based private equity firm that delivers long-term financial gains for investors by providing the capital, key managerial and deep operational expertise needed to unlock the vast growth potential of middle market partners and real estate ventures. Cordjia�s principals have more than 80 years of combined experience and have worked together in various executive management, senior operations and corporate real estate positions for more than 15 years. For more information about Cordjia, please visit www.cordjia.com.
To learn more about HCI�s solutions please visit
www.hcisystems.com
For More Information Contact:
HCI Solutions, LLC
Jim Kavanagh, President & CEO
207.828.7900
[email protected]
Dan Tipton (for Cordjia)
Tipton Communications
302.454.7901
[email protected]
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