WESTPORT – Balance Point Capital Advisors, LLC and Serent Capital have acquired a majority interest in The Edge. As part of the acquisition, Josh Brenner has joined The Edge as CEO replacing founder Dick Abbott, who will retire after nearly 25 years leading the business and will support the transition.
The Edge, which is based in Shelton, is a leading software platform built for independent jewelry retailers, providing mission-critical tools to manage the core functions of a jewelry store, including point of sale, inventory management, repairs, appraisals, and customer records. Today, the platform serves thousands of jewelry stores across the country.
Balance Point is an alternative investment manager focused on the lower middle market.
“Balance Point is excited to partner with The Edge and the Serent team as the company enters its next chapter under new leadership,” said Adam Sauerteig, partner at Balance Point of Westport. “The Edge has built a deeply trusted and mission-critical platform serving independent jewelry retailers for decades. We look forward to supporting Josh (Brenner) and the team as they continue to invest in the product and grow the business.”
Brenner believes the acquisition will strengthen The Edge jewelry platform.
“The Edge is mission-critical to thousands of jewelry retailers, and I am excited to build on the strong foundation Dick has created over the past 25 years,” Brenner said. “With Serent and Balance Point as partners, we have the right team and capital behind us to continue investing in the platform and better serve our customers as they grow their businesses.”
Dexter Hopen, partner at Serent Capital, sees the partnership as critical to the growth of The Edge.
“We are excited to partner with Josh, Dick, and the team at an important moment for The Edge,” Hopen said. “The company has earned lasting trust with independent jewelers by building around the day-to-day needs of their businesses, and Balance Point put together a thoughtful and creative financing solution that is well-suited to the business at close and gives the company the capital flexibility to continue investing in its next phase of growth.”
