Operations Are at the Core of Edison Partners’ Energy AI Deal

Edison Partners’ $15M deal with energy AI tool Seismos leaned on Edison Edge, the firm’s operations platform. Such a platform is a rarity for a lower mid-market dealmaker.

Casey Myers joined Edison Partners — a nearly 40-year-old growth equity firm based out of Princeton, N.J. and Nashville, T.N. — in November 2022 to oversee and evolve the firm’s operations platform, Edison Edge. Before that, portfolio company operations were left in the hands of the firm’s investment partners, as is typical for a growth equity fund of its size.

Since then, the $1.6 billion AUM manager has inked a number of deals in the lower mid-market space, the latest of which being a $15 million minority stake in Seismos, an AI tool used for oil and gas production and exploration. The investment came from the firm’s tenth flagship fund, Edison Partners X. The firm declined to comment on the post-deal valuation of Seismos after the investment.