About SIB Fixed Cost Reduction
SIB Fixed Cost Reduction is a company based in Charleston (United States) founded in 2008. Fixed costs are reduced via bill analysis and vendor negotiations. SIB Fixed Cost Reduction has completed 3 acquisitions, including Cost Control Associates, Fox Consulting Group and Sage Management. Its website aboutsib.com draws about 15 thousand monthly visits. SIB Fixed Cost Reduction offers products and services including Cost Reduction and Contract Compliance. Its legal entity is SIB.
Company details
SIB provides expense management services specializing in fixed cost reduction. Gets access to clients fixed cost billsnbsp;such as utilities, waste removal, telecom, cable and satellite TV, credit card processing, janitorial service, property tax and workers compensation insurancenbsp;through online uploadnbsp;option or by collecting bills onsitenbsp;and then scanning them. SIB then analyzes the bills, negotiate terms with vendors, and estimates fixed cost savings. Once approved by the client, SIB monitors savings every month. Customers include Walmart, Hyatt, Burger King, KFC, Subway, Pizza Hut, Dominos Pizza, Taco Bell among others.
- Headquarters Charleston, United States
- Website aboutsib.com
- Social LinkedIn
- Legal Name Sib
- Latest Funding Round$128M (USD), Debt – Conventional
Dec 2021
- InvestorsCapital Southwest
& 6 more
- Investments & AcquisitionsCost Control Associates
& 2 more
Products & Services of SIB Fixed Cost Reduction
SIB Fixed Cost Reduction offers a comprehensive portfolio of products and services, including Cost Reduction and Contract Compliance.
Fixed costs are analyzed and optimized to reduce expenses across spend categories
Vendor contracts are monitored to ensure compliance and recover credits for billing errors
Funding Insights of SIB Fixed Cost Reduction
- Total Rounds 3
- Last Round Debt – Conventional — $128M
- Investors Count 7
All 3 funding rounds of SIB Fixed Cost Reduction with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $128M | Debt – Conventional | – | – | |
| May 2020 | Private Equity Round | – | O2 Investment Partners | ||
| May 2014 | Private Equity Round | – | – |
7 investors in total: 7 institutional.
Investors in SIB Fixed Cost Reduction
SIB Fixed Cost Reduction has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Capital Southwest, O2 Investment Partners and LBC Credit Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 1961 | capitalsouthwest.com | Dallas, United States | |
Private debt fund focused on aerospace, services, consumer, distribution, education, industrial, and multiple sectors | stelluscapital.com | Houston, United States | ||
Tree Line Capital Partners is focused on direct lending to lower middle-market companies in North America. | 2014 | treelinecp.com | San Francisco, United States | |
Private equity fund focused on multiple sectors | 2010 | o2investment.com | Bloomfield Hills, United States | |
Private equity investment firm based out of USA | 2005 | lbccredit.com | Radnor, United States | |
Private equity investment firm focused on buyouts | goldridgeasset.com | Mount Pleasant, United States | ||
Commercial banking services are provided across the United States. | 1923 | tcfbank.com | Wayzata, United States |
Investor details for SIB Fixed Cost Reduction
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by SIB Fixed Cost Reduction
SIB Fixed Cost Reduction has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Cost Control Associates, Fox Consulting Group and Sage Management.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Enterprise cost, document, and inventory management solutions are provided. | sagemi.com | Arlington, United States | 2004 | Aug 2021 | •••• | |
Provider of digital marketing and market research services | foxgr.com | Grand Rapids, United States | 2016 | Jun 2021 | •••• | |
Electricity is supplied to customers by Cost Control Associates. | costcontrolassociates.com | Queensbury, United States | 1991 | Oct 2020 | •••• |
Complete acquisition details for SIB Fixed Cost Reduction
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of SIB Fixed Cost Reduction
6 dated milestones of SIB Fixed Cost Reduction across 13 years, from founding to its latest funding, stage changes and deals.
- Founded SIB Fixed Cost Reduction is founded.
- Funding First funding round.
- Acquisition Acquires Cost Control Associates.
- Acquisition Acquires Fox Consulting Group.
- Acquisition Acquires Sage Management.
- Funding Latest funding round, Debt – Conventional, of $128.0M.
Web traffic of SIB Fixed Cost Reduction
The website of SIB Fixed Cost Reduction (aboutsib.com) receives about 15.5K visits a month.
- Monthly visits15.5K
▼ 18.6% vs previous month
Websites whose visitors overlap most with SIB Fixed Cost Reduction. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cutmytaxes.com | cutmytaxes.com | 100% | #1,503,290 | – | |
| facet.com | 91% | 288.1K | #193,539 | View details | |
precisiontaxrelief.com | precisiontaxrelief.com | 62% | #5,342,547 | – | |
| avalara.com | 58% | 2M | #27,836 | View details | |
| eversource.com | 53% | 3M | #15,802 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for SIB Fixed Cost Reduction
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about SIB Fixed Cost Reduction
SIB Fixed Cost Reduction was founded in 2008 and raised its 1st funding round 6 years after it was founded.
SIB Fixed Cost Reduction is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
SIB provides expense management services specializing in fixed cost reduction. Gets access to clients fixed cost billsnbsp;such as utilities, waste removal, telecom, cable and satellite TV, credit card processing, janitorial service, property tax and workers compensation insurancenbsp;through online uploadnbsp;option or by collecting bills onsitenbsp;and then scanning them. SIB then analyzes the bills, negotiate terms with vendors, and estimates fixed cost savings. Once approved by the client, SIB monitors savings every month. Customers include Walmart, Hyatt, Burger King, KFC, Subway, Pizza Hut, Dominos Pizza, Taco Bell among others.
SIB Fixed Cost Reduction offers Cost Reduction and Contract Compliance.
SIB Fixed Cost Reduction has made 3 acquisitions, including Cost Control Associates, Fox Consulting Group, and Sage Management.
SIB Fixed Cost Reduction has 7 investors. Key investors include Capital Southwest, O2 Investment Partners, LBC Credit Partners, TCF Bank, and Stellus Capital Management.
SIB Fixed Cost Reduction operates through Sib.