Financial Advisor to Zethcon

GLC Advisors Transaction Closing Announcement

Acquired by

A Portfolio Company of

Zethcon, a leading provider of third party logistics and warehouse management software solutions, announced its acquisition by Made4Net, a portfolio company of Thompson Street Capital Partners. As part of the transaction, Chris Oechsel, president and CEO of Zethcon, will join Made4Net as its president of 3PL.
 
Zethcon is a provider of modern WMS software designed to drive growth, revenue, and reliability for the 3PL, cold chain, and distribution markets. The company’s flagship product, Synapse WMS, offers broad and deep functionality in a highly configurable package, capable of matching unique customer requirements. This combination creates a world class WMS provider to further enable 3PL and non 3PL customers to modernize their supply chains.

“I have known the team at GLC for several years now. Throughout that time, they have been extremely helpful in understanding current market conditions as well as educating me on what a possible exit would look like. When that time came for us, GLC was one of my first calls. Due to the way our opportunity came to us, GLC was incredibly flexible and ready to deal with the various aspects of this process that I was not prepared for. Their guidance during the process was exactly what I and my team needed, and we always felt that our best interests were understood and represented every step of the way. I could not recommend GLC highly enough to anyone looking for a trusted partner when considering a sale of their business.”

Chris Oechsel, CEO, Zethcon


GLC Technology Group 
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.

Financial Advisor to WellnessLiving

GLC Advisors Transaction Closing Announcement

Received a $66 Million Minority Growth Investment from

WellnessLiving, a leading provider of a cloud-based business management software and integrated payments platform for fitness and wellness operators, announced its partnership with McCarthy Capital to accelerate its growth. In addition to McCarthy Capital leading the $46 million minority investment, CIBC Innovation Banking provided $20 million in growth financing, bringing the total raised this round to USD $66 million.

Founded in 2013, WellnessLiving develops multi-tenant business management software to allow business owners to schedule classes, appointments and events, manage staff, process payments and increase member engagement. The Company serves an international market with customers in North America, Europe, Australia and New Zealand.

“We went through a lengthy process of selecting an investment bank, and after interviewing more than a dozen, we were immediately drawn to GLC. Not only did they demonstrate a deep understanding of payment enabled vertical SaaS businesses, and ours in particular, but more importantly, we felt an immediate connection with their deal team. Intelligence, integrity, honesty, and work ethic are qualities that I would use to describe GLC. They were instrumental in helping us find the right financing partner and transaction for our company. We felt like we were all in this together, working for the same goal, and doing whatever it took to secure an exceptional outcome. It didn’t matter if it was Sunday night or Saturday at 7am, they were always there when we needed them. They were patient, thoughtful partners in getting us to the finish line, and we couldn’t have done it without them. Throughout the entire journey, we were grateful for their deal acumen, guidance, and leadership. In short, we could not have been happier with our decision to have GLC as our partner. We would without hesitation highly recommend GLC to any business evaluating a major capital transaction.“ 

Len Fridman, CEO, WellnessLiving

GLC Technology Group 
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.

Financial Advisor to All Pro Capital

GLC Advisors Transaction Closing Announcement

has acquired a stake in

All Pro Capital, LLC (“All Pro”), a Colorado Springs, CO-based Real Estate Investment firm specializing in multi-family, self-storage and residential real estate investments, has acquired a stake in Advenire Wealth, LLC (“Advenire”).

Advenire is a wealth management and solutions firm based in Colorado Springs, CO providing integrated wealth planning, open-architecture private and public investing access, and a boutique “Multi-Family Office” level of service. Advenire’s ownership founded the firm on the principles of enabling client-focused innovation, maintaining a Fiduciary oath above reproach, and cultivating a symbiotic alignment of incentives between client and wealth manager.

Through its investment in Advenire, All Pro Capital’s existing real estate-focused investor base of nearly 700 clients across eleven states now has access to a full suite of complimentary, integrated wealth management solutions in addition to All Pro’s established real estate investment offerings.

As part of the transaction, both All Pro and Advenire will be expanding their combined presence into strategic geographic markets to accelerate the combined growth and success of both organizations.


“GLC came highly recommended from one of their past clients to help us execute our acquisition strategy of complimentary financial services providers to our existing, core business. As our guide, GLC led the way in structuring and negotiating a partnership with Advenire that will result in a ‘win-win’ for all involved. The M&A team at GLC has allowed us to enter our company’s next phase of growth and success.”

Tony Bettis
President/CEO, All Pro Capital


GLC Transaction Team 
Our team is exclusively focused on advising 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 them 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  /  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, Denver, and San Francisco. For more information, visit www.glca.com.

Financial Advisor to Dema Plumbing

GLC Advisors Transaction Closing Announcement

acquired by

and merged with

Dema Plumbing and Monocle Holdings, LLC (collectively, “Dema Plumbing”) has been acquired by Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone Investment”).

Dema Plumbing, headquartered in Denver, CO, is the largest plumbing and mechanical systems installation and services provider to single-family residential homebuilders in Colorado (including Denver, Boulder, Colorado Springs, and Fort Collins) servicing nearly 3,000 home installations annually. By combining high-quality workmanship, advanced plumbing knowledge, and the region’s largest labor force of licensed plumbing professionals, Dema provides unmatched service to the nation’s largest, reputable homebuilders throughout the Front Range of Colorado. Dema’s expertise includes underground rough-in, aboveground rough-in, and trim-out services leveraging a large, self-perform labor force and highly flexible subcontractor network.

Simultaneous to the acquisition, Dema Plumbing will merge with Mai Mechanical, LLC (“Mai”), an existing portfolio company of Gladstone Investment. Based in Denver, CO, Mai is a leading provider of plumbing and mechanical services focused on multi-family, commercial, and residential construction. John Albright, Jr., owner and Chief Executive Officer of Dema Plumbing, will serve as Chief Executive Officer of the combined entities.

The combined businesses will collectively serve the single-family and multifamily residential markets in the Front Range of Colorado.


“The GLC team provided me with a roadmap of the path ahead and anticipated every curve and turn in the process leading to an outcome that exceeded my expectations. GLC ran an incredible process that resulted in the perfect partner for Dema’s future and growth. I am excited to continue this journey leading the combined Dema-Mai platform.”

John Albright Jr.
Owner & CEO, Dema Plumbing


GLC Transaction Team 
Our team is exclusively focused on advising 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 them 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  /  Director
Michael.Fleschner@glca.com  /  303.479.3846
Michael Armbruster  /  Associate
Michael.Armbruster@glca.com  /  303.479.3851
Reilly Richards / Analyst
Reilly.Richards@glca.com / 303.479.3849
Jackson Winn / Analyst
Jackson.Winn@glca.com / 303.479.3854

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.