Software Capital Markets Report Q1 2023


GLC’s Technology Team:

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
303.479.3855
David.Bluth@glca.com 

Adam Haynes
Managing Director
303.479.3842
Adam.Haynes@glca.com 

Jim Williams
Managing Director
303.479.3850
Jim.Williams@glca.com 

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Industrials M&A Update Q1 2023


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GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

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 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.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Consumer M&A Update Q1 2023


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GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

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 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.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Business Services M&A Update Q1 2023


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GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

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 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.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Middle Market M&A Update Q1 2023


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SUBSCRIBE TO THE NEWSLETTERS

GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

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 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.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Financial Advisor to Verus Global

GLC Advisors Transaction Closing Announcement

Acquired by

A Portfolio Company of

Verus Global equips clients to successfully achieve strategic imperatives by providing tailored programs that develop and align collaborative leaders and teams. Founded in 1990, Verus Global has served 25+ industries across 35+ countries for mid-sized and Fortune 500 clients with proprietary in-house content to facilitate custom programs, workshops, certifications, and coaching utilizing three core programs with both virtual and in-person delivery models.

The combination of Verus Global’s 30 years of experience bringing out the best in individuals and organizations, and iPEC’s industry-leading Coach Training Program, which has certified 25k+ professional coaches worldwide, will allow the businesses to make an ever bigger impact and establish collaboration as a core value in society.


“Relinquishing control of what you’ve dedicated your life to building isn’t easy. GLC proved you can move through this experience with confidence. Because of their skills and integrity, you can trust them fully to deliver the results you imagine.”

Craig Ross
Chief Executive Officer, Verus Global


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.

Adam Fiedor  /  Managing Director
Adam.Fiedor@glca.com  /  303.479.3845

Michael Richter  /  Managing Director
Michael.Richter@glca.com  /  303.479.3844

Michael Fleschner  /  Director
Michael.Fleschner@glca.com  /  303.479.3846

Michael Armbruster  /  Vice President
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, Los Angeles and San Francisco. For more information, visit www.glca.com.

Middle Market M&A Update Q4 2022


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GLC’s Business Services and Diversified Industries Team

Adam C. Fiedor
Managing Director
303.479.3845
Adam.Fiedor@glca.com 

Michael D. Richter
Managing Director
303.479.3844
Michael.Richter@glca.com 

Mike P. Fleschner
Director
303.479.3846
Michael.Fleschner@glca.com 

Mike D. Armbruster
Vice President
303.479.3851
Michael.Armbruster@glca.com

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 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.

About GLC Advisors & Co, LLC

GLC Advisors & Co., LLC delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings, recapitalizations, fairness opinions, and valuations. Our offices are located in New York, Denver, Los Angeles and San Francisco. Our firm advises shareholders, boards of directors, entrepreneurs, management teams, and capital providers on material financial transactions regarding strategic alternatives, capital structure, and transactions.

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2023 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Financial Advisor to Smartabase

GLC Advisors Transaction Closing Announcement

Acquired by

A Portfolio Company of

Smartabase, the premier SaaS-based health & human performance analytics platform for elite sports, military, and public safety organizations, announced its acquisition by Teamworks, an enterprise SaaS company serving elite sports and tactical organizations. Teamworks is a portfolio company of Delta-V Capital and General Catalyst.
 
Smartabase is one of several recent acquisitions by Teamworks in their strategy to become the Operating System for Sports™. “Adding Smartabase as a Teamworks product is transformative to our company, allowing our customers the best tool in the human performance space and expanding our full product suite to more athletes and service members,” said Zach Maurides, Founder and CEO of Teamworks.
 
Markus Deutsch, Co-Founder and CEO of Smartabase stated, “This was a no-brainer for pro, college and Olympic teams and the National Governing Bodies we serve. Many of our customers use Teamworks today, so having both products together under one umbrella will help them simplify their tech stacks.” For Smartabase military and public safety clients, Deutsch added, “Our tactical users will benefit from additional investments in product development to meet their specific needs and have access to new tools to communicate with and support service members.”

“As an Australian headquartered company embarking on our first capital raise in the US, we knew from the outset that our selection of the right banking partner was critical. We conducted an extensive selection process, during which time GLC demonstrated by far the highest level of knowledge and expertise, and most importantly work ethic and flexibility, compared to the other candidates. We also felt a strong sense of culture fit with the GLC team, a very important factor knowing the journey ahead would not be an easy one given the difficult market conditions. To make matters even more complicated, just as we were preparing to launch the raise process with GLC, we received an unsolicited response to be acquired by a US company. Despite such an unusual twist, GLC was able to immediately adapt and run a parallel process of both capital raising and a possible acquisition. What ensued was an incredibly complex two months of negotiations and due diligence, involving legal and accounting matters on a global scale, given our entities in Australia, the US, UK, and EU. GLC relentlessly quarterbacked the whole process, enduring all matter of working hours, twists and turns as things unfolded. Whilst many observers told us the process would take at least 3-4 months, GLC was able to work with us to get it done in two. Quite simply we could not have done it without the team at GLC.”

Markus Deutsch

Chief Executive Officer, Smartabase


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 Melvin Brewing Co.

GLC Advisors Transaction Closing Announcement

Acquired by

Melvin Brewing (“Melvin”) is the largest craft brewer in Wyoming producing over 35,000 barrels annually, offering award winning beers, a world-class destination brewing location in Alpine, WY, and established distribution channels across 27 states. Melvin’s 40+ accolades include winning Small Brewpub and Brewery Group of the Year at the Great American Beer Festival in 2015 and 2017, respectively.

The combination of Melvin Brewing and Roadhouse Brewing Co. (“Roadhouse”), located only 35 miles apart, will produce 50,000 barrels in 2023. Together, with continued demand and a growth capital injection from Roadhouse, the combined breweries anticipate producing 80,000 barrels annually in several years. Immediate upgrades include a state-of-the art rotary canning line and the expansion of the Melvin Tap Room in Alpine, WY.


“GLC was the right choice as they understood the unique value proposition Melvin possessed for the right acquirer that allows the Melvin brand to continue and flourish. GLC ran a vigilant process allowing us to maximize value and find the right partner – one that seeks to retain and grow our staff, values our partnership and shared vision with the town of Alpine, and has the experience and leadership to grow the Melvin brand. In Roadhouse, we believe we found a perfect fit. GLC’s steadfast dedication to Melvin and the process proved invaluable, and I would without exception, recommend GLC for anyone considering a sale.”

Zander Doroski
Chairman of the Board of Directors, Melvin Brewing


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.


Adam Fiedor  /  Managing Director
Adam.Fiedor@glca.com  /  303.479.3845

Michael Richter  /  Managing Director
Michael.Richter@glca.com  /  303.479.3844

Michael Fleschner  /  Director
Michael.Fleschner@glca.com  /  303.479.3846

Michael Armbruster  /  Vice President
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, Los Angeles and San Francisco. For more information, visit www.glca.com.