Oddball and Falfurrias Expand with Strategic Growth Partnership
Deal News | Jan 08, 2025 | Falfurrias Capital
Falfurrias Capital Partners, a private equity firm focusing on middle-market businesses, has announced a growth investment in Oddball, a digital services agency. Oddball specializes in modernizing government interactions and has been a transformative player in the sector since its founding in 2016 by Travis Sorensen and Rob Wilkinson. Oddball's approach blends digital engineering and government insight to create scalable, people-first solutions, and the new partnership with Falfurrias is expected to support Oddball's next growth phase. The investment comes from Falfurrias Capital Partners V, a lower middle-market fund. The Oddball leadership will remain, with Marybeth Wootton joining the board. Advisors for Oddball included KippsDeSanto and Blank Rome, while Falfurrias was advised by Holland and Knight.
Sectors
- Private Equity
- Technology Services
- Government Services
Geography
- United States – Both Falfurrias Capital Partners and Oddball are based in the United States, and the focus is on modernizing U.S. government services.
- North Carolina – Falfurrias Capital Partners is headquartered in Charlotte, North Carolina, indicating regional influence and operational base.
Industry
- Private Equity – The article discusses an investment made by Falfurrias Capital Partners, depicting activities related to venture capital and private equity investment.
- Technology Services – Oddball operates in the technology services industry, providing digital services that modernize how government organizations communicate and function.
- Government Services – Oddball primarily works within government services, intending to enhance and modernize government agency technology use and efficiency.
Financials
- Undisclosed – The specific financial terms of the growth investment in Oddball by Falfurrias Capital were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oddball | Target company | Company | A digital services agency focusing on government digital services, founded by Travis Sorensen and Rob Wilkinson. |
| Falfurrias Capital Partners | Investor | Company | An operationally focused private equity firm specializing in growth investments in middle-market companies. |
| Falfurrias Management Partners | Managing Partner | Company | The management entity for Falfurrias Capital Partners, executing growth-oriented investments. |
| Travis Sorensen | CEO of Oddball | Person | Co-founder and CEO of Oddball, engaged in leading the company through its growth phase. |
| Rob Wilkinson | CTO of Oddball | Person | Co-founder and CTO of Oddball, responsible for technology strategy and execution. |
| Marybeth Wootton | Executive Advisor & Board Member | Person | Joined Falfurrias as an Executive Advisor and later joined Oddball's board. |
| KippsDeSanto | Financial Advisor to Oddball | Company | Provided financial advisory services for Oddball in the partnership deal. |
| Blank Rome | Legal Advisor to Oddball | Company | Served as Oddball's legal advisor in the transaction. |
| Holland and Knight | Legal Advisor to Falfurrias | Company | Provided legal advisory services to Falfurrias Capital Partners. |