Merger of Lewellyn Technology and Predictive Service creates leading reliability and safety platform
Align Capital Partners (“ACP”) is pleased to announce the merger of Cleveland-based Predictive Service (“Predictive”) with Indianapolis-based Lewellyn Technology (“Lewellyn”). ACP acquired a majority stake in Lewellyn last November. This strategic combination creates a technology enabled enterprise asset management, predictive maintenance, safety, and repair services platform designed to reduce operating costs, improve equipment utilization, and ensure safety for customers worldwide.
At the center of Predictive’s enterprise asset management solution is the company’s proprietary ViewPoint® software that provides data collection, analysis, and decision-making functionality for customers’ maintenance and repair needs. It allows plant managers to not only prevent equipment failure, but also manage energy and cost savings initiatives in real time. Predictive CEO Don Frankel and other senior members of management will retain significant leadership roles and ownership positions in the combined company.