Author: Courtney Ruoff

GLC Advisors Transaction Closing Announcement

in its sale to

a portfolio company of

Bang the Table, a leading global provider of SaaS-based community engagement solutions, has been acquired by Granicus, a portfolio company of Vista Equity and Harvest Partners.  Founded in 2007, Bang the Table empowers governments and municipalities to engage with their communities through intuitive and accessible citizen engagement applications. Bang the Table has given over 17 million people across Australia, Canada, U.K., and the United States the ability to participate and inform key decision making within their communities.

---

“My number one lesson from this transaction has been the value of having the cool heads and wisdom of the GLC team by our side.  We first met the GLC team 4 years ago.  There was never any pressure but there was plenty of great advice and we grew to trust them implicitly.  When we were ready to sell the business, GLC gently steered us through a process that would have left us completely lost if we had tried to tackle it alone.  They were always there with the strategic advice, the hard work and the good counsel which meant we could actually continue to run the business through the lengthy process.  We were never railroaded, never felt that GLC acted in anything other than our best interests, and we are delighted with the outcome.  Bang the Table has found the right home, got a great result and I’m pretty sure we would not have achieved so much without the GLC team’s hard work and counsel.  I would recommend GLC to anyone looking to complete a major transaction.”

Matthew Crozier, Co-Founder & CEO, Bang the Table

---

The combination of Bang the Table’s EngagementHQ and Granicus’ Civic Engagement Platform addresses a critical gap in today’s digital journeys: the ability to learn from every digital interaction. Now, by inviting resident input at every touchpoint and generating a steady stream of quantifiable market intelligence, governments gain a detailed picture of what matters most to their communities, in real-time. With Bang the Table’s 360-degree, data-gathering tools capturing audience sentiment, feedback, and engagement data, diverse communities can share their voices quickly and easily to provide actionable feedback to governments on topics big and small.

“Accessibility, inclusivity, and equity are critical factors that must be embedded in the fabric of modern governments. That’s why we pride ourselves on offering tools that give all residents an equal voice in local government,” said Bang the Table CEO Matthew Crozier. “Together with Granicus, we power government agencies to make smarter decisions informed by the full community at scale.”

---

GLC Technology Group  GLC provides senior-level advice and attention to technology leaders, entrepreneurs, and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.  David Bluth  /  Managing Director David.Bluth@glca.com  /  303.479.3855 Adam Haynes  /  Managing Director Adam.Haynes@glca.com  /  303.479.3842 Jim Williams  /  Managing Director Jim.Williams@glca.com  /  303.479.3850 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

GLC Advisors Transaction Closing Announcement

in its recapitalization by

Frederick, CO-based Mark Young Construction, LLC (“Mark Young”), a regional leading provider of commercial construction services, announced its recent recapitalization by Tulsa, OK-based Argonaut Private Equity.

Founded in 1989, Mark Young specializes in preconstruction building services, refrigeration services, maintenance, and concrete services specifically tailored to grocery retail end markets, as well as new construction and remodel services for municipalities, including the education and public safety sectors within the western United States. As a tenured expert in warehouse refrigeration systems, Mark Young’s Refrigeration Division is a select provider of refrigeration services to the nation’s largest grocers.

---

“GLC is proud to have helped Mark Young find the perfect partner that is passionate about its business, customers, and staff.  This transaction will allow Mark Young to drive growth and success by allowing the company to serve its existing customers and expand into new geographies.”

– Michael Richter, Managing Director of GLC Advisors

---

About Mark Young Construction, LLC Mark Young (www.markyoungconstruction.com) is an award-winning provider of commercial and institutional construction services located in Frederick, CO with 150+ staff serving grocery, retail, municipal, education, and public safety customers in Colorado, New Mexico, Utah, Wyoming, Idaho, Kansas, California, Nebraska, South Dakota, Oklahoma and Texas. About Argonaut Private Equity Founded in 2002, Argonaut Private Equity (www.argonautpe.com) is a Tulsa-based private equity firm with $3 billion of capital deployed in direct investments across key industry sectors including manufacturing, industrials, and energy services.  Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations.

---

GLC Business Services & Industrials Team GLC’s Business Services & Industrials Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise on their strategic decisions and events. Adam Fiedor  /  Managing Director Adam.Fiedor@glca.com /  303.479.3845 Michael Richter  /  Managing Director Michael.Richter@glca.com  /  303.479.3844 Michael Fleschner  /  Managing Director Michael.Fleschner@glca.com  /  303.479.3846 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

GLC Advisors Transaction Closing Announcement

in its sale to

Symmetry Software, a payroll solutions provider, has been acquired by Gusto, a cloud-based HR management software company.

Symmetry helps companies calculate withholding on employees’ paychecks, stay up to date on various country, state, and federal regulations that are complex and change frequently. Symmmetry’s customers include large payroll providers and employers such as ADP, AT&T, and Walmart, which serve more than 60 million employees, roughly 40% of the U.S. workforce. 

---

“GLC Advisors was invaluable in this process. We selected GLC based upon their vast experience with software M&A and their fit with our team. Over the course of 5 years, GLC advised us regarding possible mergers which eventually led to the merger with Gusto. The advice and leadership GLC provided was fabulous. We are grateful for the dedicated team that kept the ball rolling and helped us secure a great partner in Gusto.”

– Tom Reahard, Founder, Symmetry Software

---

While the Arizona-based company has been independent for 37 years, its employees will join Gusto’s current workforce of 1,400 employees. Gusto will be able to integrate further with Symmetry’s technology and data, while enriching its own tax-prevention software. In all of its products, which include payroll, health care and financial benefits, earned pay access and an employee digital wallet, Gusto wants its tools to be “opinionated” and “guided”, Tomer London, co-founder and CPO, said. “To give that guidance and to have that opinion, we have to have all the data and rules in the backend, and that’s what Symmetry enables us to do,” London said. Together, Gusto and Symmetry plan to introduce alerts to employers before tax code changes, and help employers manage address-specific tax codes, which can vary. Symmetry’s technology will also boost the value proposition of Gusto’s new embedded payroll play. This enables other software companies, such as business banking fintech Novo and software provider Square, to weave payroll into their businesses.

---

GLC Technology Group  GLC provides senior-level advice and attention to technology leaders, entrepreneurs, and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.  David Bluth  /  Managing Director David.Bluth@glca.com  /  303.479.3855 Adam Haynes  /  Managing Director Adam.Haynes@glca.com  /  303.479.3842 Jim Williams  /  Managing Director Jim.Williams@glca.com  /  303.479.3850 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

GLC Advisors Transaction Closing Announcement

in connection with its $310mm term loan B and $55mm revolving credit facility led by Deutsche Bank, Credit Suisse, Jefferies Group and US Bank.

As part of this transaction Maverick Gaming executed a sale of the land under The Wendover Nugget Hotel and Casino, The Red Garter Hotel and Casino, Grand Z Casino Hotel Central City and Johnny Z Casino Central City to Angelo Gordon. With this refinancing, Maverick Gaming has retired all outstanding debt held by HG Vora.  Maverick Gaming is majority owned and was founded by gaming industry veterans Eric Persson, who previously served as Global Senior Vice President of Slots at Las Vegas Sands and Justin Beltram, former Vice President of Slots at Bellagio and Marina Bay Sands. Together they bring over 30 years of gaming experience spanning gaming markets around the world including the Las Vegas Strip (Venetian, Palazzo, Bellagio), Macau (Sands China Limited), Singapore (Marina Bay Sands), and many regional markets in North America. Maverick Gaming is located in Kirkland, Washington and currently owns four casino and hotels in Nevada, three casinos and one hotel in Colorado and nineteen card rooms in Washington.

---

GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies. Mack Rossoff  /  Managing Director Mack.Rossoff@glca.com / 212.542.4548 Michael Sellinger  /  Managing Director Michael.Sellinger@glca.com / 212.542.4545 Tim Hagamen  /  Director Tim.Hagamen@glca.com / 212.542.4547  Daniel Grundei  /  Associate daniel.grundei@glca.com / 212.542.4549

GLC Advisors Transaction Closing Announcement

the parent company of 

in its Recapitalization and Growth Capital Raise by

Elmdale Partners (“Elmdale”), a leading integrated B2C residential services platform in brokerage, title & settlement, and property & casualty insurance, has closed a recapitalization and growth capital investment by Stellus Capital Management, LLC (“Stellus”), a Houston-based private equity firm and publicly traded BDC.

Elmdale Partners has closed over 40 acquisitions to date and the growth investment by Stellus will allow Elmdale to accelerate growth in current and new markets through M&A opportunities. In addition, the investment will enable technology upgrades to support Elmdale’s CENTURY 21 franchise network of independent agents and also refinance existing debt. The new partnership combines Elmdale’s deep industry expertise, uniquely integrated platform, and growth-oriented culture with Stellus’ successful track record of supporting middle market businesses during key periods of growth.

---

“GLC was a phenomenal advisor throughout the transaction process, offering great advice while always anticipating and solving challenges before they came to fruition. During the entire transaction, GLC worked assiduously to ensure we were getting the best outcome available for our team, ultimately yielding a result that exceeded our expectations in finding the perfect capital partner that understood our culture, story, and growth opportunity.”

– Tom Bretz, CEO and Co-Founder, Elmdale Partners

---

Elmdale Partners offers residential property brokerage, title & settlement, and property & casualty insurance and brokerage services to home buyers and sellers. Elmdale Partners also operates one of the largest CENTURY 21 network franchises in the nation, with over 1,400 agents and 45 branded offices across Illinois, Indiana, and Florida. Elmdale Partners has recently been recognized as one of Chicagoland’s 50 fastest growing companies and as one of Chicagoland’s largest privately held companies by Crain’s Chicago Business.   Elmdale Partners received board consulting advisory from Kona Advisors, LLC in connection with the transaction. About Elmdale: Founded in 2010 by Thomas Bretz and Adam Freeman, Elmdale Partners offers residential property brokerage, title & settlement, and property & casualty insurance brokerage services to home buyers and sellers. Elmdale also operates one of the largest CENTURY 21 network franchises, with 45 branded offices across Illinois, Indiana, and Florida. Thomas and Adam have over 30 years of experience in real estate investing, fundraising, private equity, and investment banking, and have successfully deployed over $500 million on behalf of themselves and investors in real estate projects. Learn more about Elmdale at www.elmdalepartners.com and its subsidiaries of residential brokerage (www.c21affiliated.com), title & settlement (www.affinityistitle.com), and property & casualty insurance brokerage services (www.skylightinsurance.com).    About Stellus: Stellus was founded in 2012 and formed in conjunction with the spin-out of the Direct Capital Unit of the D. E. Shaw group. Stellus’ senior team helped create the Direct Capital Unit in 2004 and has been investing together in the middle market for over 17 years. Since 2004, the Stellus team has deployed over $8 billion into more than 350 middle market companies, developing a broad and deep expertise in this segment of the private investing market. Stellus currently has approximately $2.1 billion in assets under management, with offices in Houston, TX, Washington, D.C., and Charlotte, NC. Learn more about Stellus at www.stelluscapital.com.

---

GLC Business Services & Diversified Industries Group  GLC’s Business Services and Diversified Industries Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events Michael Richter  /  Managing Director Michael.Richter@glca.com  /  303.479.3844 Adam Fiedor  /  Managing Director Adam.Fiedor@glca.com  /  303.479.3845 Michael Fleschner  /  Vice President Michael.Fleschner@glca.com  /  303.479.3846 Michael Armbruster  /  Associate Michael.Armbruster@glca.com  /  303.479.3851 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: mergers & acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, Denver, and San Francisco. For more information, visit www.glca.com.

GLC Advisors Transaction Closing Announcement

in its 363 asset sale of

to

Stamford, CT-based Finacity Corporation (“Finacity”), a provider of factoring services and working capital solutions, was sold by Greensill Capital, Inc. to White Oak Global Advisors (“White Oak”) through a Chapter 11 363 asset sale process. Finacity originates, structures and places over $100 billion in trade finance receivables yearly with over 50 leading financial institutions in asset-backed security structures. Finacity has facilitated transactions for receivables denominated in 58 currencies with obligors in more than 175 countries making it the largest non-bank trade finance platform globally.   Finacity will operate as a standalone business but will work closely with White Oak in a number of areas where there are synergies – including White Oak deploying institutional capital on Finacity’s platform. The deal will see Adrian Katz remain as Finacity CEO and substantive equity holder, working closely with the leadership of White Oak Global Advisors. With this acquisition White Oak and its affiliates will have over 215 professionals focused on asset-based lending offering trade receivables securitization and a variety of ABL products including invoice discounting, factoring, trade finance, supply chain finance, lender finance and import-export finance.

About Finacity Corporation Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe, Latin America and Asia, Finacity conducts business throughout the world with obligors in more than 175 countries. Learn more at www.finacity.com.   About White Oak White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.

---

GLC Advisors & Co., LLC GLC Advisors delivers objective, senior-level expertise to clients through a variety of advisory assignments including: restructurings & recapitalizations, mergers & acquisitions, equity and debt capital advisories, fairness opinions and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies. Adam Fiedor  /  Managing Director Adam.Fiedor@glca.com  /  303.479.3845 Lee Jason Goldberg  / Director Lee.Goldberg@glca.com  /  212.542.4557

GLC Advisors Transaction Closing Announcement

a subsidiary of

in its acquisition of

Walden, Colorado-based Mountain Valley Bank (“MVB”), a subsidiary of Scottsbluff, Nebraska-based Platte Valley Financial Service Companies, Inc., announced it has entered into a definitive agreement to acquire Cache Bank & Trust, a community bank located in Greeley and Fort Collins, Colorado.

The agreement has been approved by the Boards of Directors of both Mountain Valley Bank and Cache Bank & Trust and is subject to regulatory approval as well as customary closing conditions. Mountain Valley Bank will acquire Cache Bank & Trust and expand into the Front Range of Colorado through Cache’s two locations – adding to MVB’s current central Colorado branch footprint of five locations. The transaction is expected to close in Q4 2021.

---

“GLC Advisors was a wonderful partner and advisor in our transaction. Through every part of the process, GLC provided us with invaluable strategic guidance to achieve an outcome that best suited us. We are very pleased with the outcome and GLC’s M&A advice to get us there.”

– Wade Gebhart, President, Mountain Valley Bank

---

Mountain Valley Bank, based in Walden, Colorado, is a $330 million asset financial institution that offers loan and deposit products and services to both consumers and businesses in the Rocky Mountain region. Mountain Valley Bank serves its customers through its locations in Steamboat Springs, Hayden, Meeker, and Walden, Colorado. Mountain Valley Bank is the subsidiary of Platte Valley Financial Service Companies, Inc., a $1.8 billion asset financial institution headquartered in Scottsbluff, Nebraska and serves banking customers within western Nebraska, southeastern Wyoming, and northern Colorado through its banking subsidiaries. More information on MVB is available at www.bankmvb.com. Cache Bank & Trust, based in Greeley, Colorado, is a $115 million asset financial institution offering consumer and business banking products and services through two branches located in Greeley and Fort Collins, Colorado. More information on Cache Bank & Trust is available at www.cachebankandtrust.com.

---

GLC Financial Services Team GLC’s Denver-based Financial Services Team has 35+ years of collective M&A experience in the Financial Services Industry while completing 80+ successful transactions and financing engagements and 90+ valuations and strategic advisory assignments. The team has been consistently ranked as one of the most active M&A groups in the nation by S&P Global MI and frequently speaks at industry conferences and conventions. Adam Fiedor  /  Managing Director Adam.Fiedor@glca.com /  303.479.3845 Michael Richter  /  Managing Director Michael.Richter@glca.com  /  303.479.3844 Michael Fleschner  /  Vice President Michael.Fleschner@glca.com  /  303.479.3846 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

GLC Advisors Transaction Closing Announcement

in its growth investment by

TaskRay, the leading SaaS-based customer onboarding platform, announced a new growth investment and leadership appointment for the company. This investment is expected to accelerate TaskRay’s market position with additional capital resources to fund growth across go-to-market strategies and product development to continue delivering solutions and value to its customers.

Founded in 2010, TaskRay has been on a growth trajectory driven by the importance of managing work across teams and systems to ensure customers are set up for success. With the impact of digital transformation on business operations and a growing emphasis on the post-sale customer experience, TaskRay is uniquely positioned to help companies optimize their Customer Onboarding processes.

---

“My co-founders and I have known the team at GLC for many years, initially introduced to them by mentors of ours who were also GLC clients. From the beginning, it was obvious that they had an extraordinary mix of intelligence, wisdom, integrity, and empathy. Over the years they worked to develop a deep understanding of our business, and they became trusted advisors who helped us understand the many factors that needed to align for a successful sale of our company. When the conditions were right, they ran a great process and skillfully leveraged their expertise to lead us to a great outcome. They were patient, thoughtful partners in getting us to the finish line and I’m confident we couldn’t have done it without them. We would recommend them to any business owners evaluating a major capital event.”

– Eric Wu, Co-Founder, TaskRay

---

The investment was led by Sharp End Growth Partners, a conglomerate of limited investment partners intent on investing and scaling businesses with strong market positions in growing niche markets. Leading the investment into Sharp End Growth Partners is Pacific Lake Partners and Plexus Capital.

---

GLC Technology Group  GLC provides senior-level advice and attention to technology leaders, entrepreneurs, and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.  David Bluth  /  Managing Director David.Bluth@glca.com  /  303.479.3855 Adam Haynes  /  Managing Director Adam.Haynes@glca.com  /  303.479.3842 Jim Williams  /  Managing Director Jim.Williams@glca.com  /  303.479.3850 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.