Archives: Transactions
Package Concierge Transaction
Transaction Announcement
Package Concierge, a US-based multifamily parcel management solutions provider, has been acquired by Quadient (Euronext Paris: QDT), a global automation platform.
“The acquisition of Package Concierge naturally aligns with Quadient’s ‘Elevate to 2030’ ambitions to automate first and last mile parcel delivery driven by rising e-commerce penetration and bring us closer to reaching the €200 million in revenue target set for 2030 for our Lockers automation platform,” said Geoffrey Godet, CEO at Quadient. “We’re excited to welcome the top industry talents from Package Concierge to the Quadient family and look forward to building a successful future together.”
To learn more, please visit our website: www.glca.com
GLC did a great job managing a successful sale – from our initial meeting to the conclusion of the process, they instilled confidence that we had the right partner. The GLC team offered valuable guidance on expected value and approach, provided necessary support and drove the process on a tight schedule. The GLC team worked tirelessly and remained steadfast in their commitment to providing value to all of Gibraltar’s stakeholders. We wish our teammates success with Package Concierge’s new owners.
Kerri Winter
President & GM, Florence, a Gibraltar Company
GLC Technology Team Overview
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.
Deal Team
David Bluth
Managing Director / Denver
David Bluth
Managing Director
Denver
David Bluth is a Managing Director and helps lead GLC Advisors’ Technology Investment Banking practice. Mr. Bluth is focused on advising middle-market software and technology services companies, and is responsible for cultivating and managing client relationships, providing clients access to an extensive network of private equity and strategic buyer relationships, and leading client M&A and capital raising transactions from the point of engagement through deal negotiations and closing. Mr. Bluth provides hands-on, client-first advice and senior-level judgement garnered through nearly 20 years of M&A and capital markets experience.
Mr. Bluth is a board member for SOFTWAREColorado, a Blackstone Entrepreneurs Network Advisor, and a frequent speaker on Technology M&A and other topics pertinent to entrepreneurs and business owners of growing technologies businesses.
Mr. Bluth is dedicated to giving back to his local community and is a former board member and community volunteer for Big Brothers Big Sisters of Colorado, Inc., and a former member of Big Brothers Big Sisters of America’s Nationwide Leadership Council.
Prior to joining GLC, Mr. Bluth was a Director with KPMG Corporate Finance LLC’s TMT Group, and a Partner of St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm, where he also previously held Vice President and Associate positions. Prior to St. Charles Capital, LLC, Mr. Bluth worked as an Analyst in the Technology Group at KeyBanc Capital Markets.
Mr. Bluth has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds a BS in Finance and a BS in Accounting from Florida State University.
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Adam Haynes
Managing Director / Denver
Adam Haynes
Managing Director
Denver
Adam Haynes advises middle market owners of technology and services businesses, leading M&A and capital transactions with a hands-on, client-first and senior-level approach to deliver outlier results for his clients. Mr. Haynes has more than 25 years of M&A and investment banking experience and has completed more than 100 mergers and acquisitions and financing transactions with a total value exceeding $16 billion.
Mr. Haynes is a current board member of Ensemble Innovation Ventures, the parent company of Delta Dental of Colorado, where he sits on the investment committee of EIV’s Ensemble Innovation Fund. He is a former member of George Washington High School’s Collaborative School Committee, of Steck Elementary’s Collaborative School Committee, of the Board of the Colorado Technology Association and of the board of the Denver Young Artist’s Orchestra, as well as a supporter of the Denver Scholarship Foundation, the Denver Police Foundation, and the University of Colorado’s Johnson Depression Center.
Prior to joining GLC, Mr. Haynes was a Managing Director with KPMG Corporate Finance LLC and a Co-Founder of St. Charles Capital, LLC (acquired by KPMG in 2014) where he advised software and service companies as well as aerospace and defense companies. Previously, he was a Vice President in the Technology M&A Group at Piper Jaffray, and prior to that, was an Associate with Chase Securities where he completed bank and bond transactions, including recapitalizations, spin-offs and acquisition financings for Chase’s Global Syndicated Finance and Consumer Diversified Industries groups.
Mr. Haynes has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds an MBA from NYU’s Stern School of Business and a BA degree from the University of Southern California.
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Jim Williams
Managing Director / Denver
Jim Williams
Managing Director
Denver
Jim Williams is a Managing Director with GLC Advisors, where he helps lead the firm’s Technology investment banking group. He has been advising Software, Internet, and Tech-enabled Services clients and executing M&A and private capital raising transactions for entrepreneurs, founders, and financial sponsors for close to 15 years.
Prior to joining GLC, Mr. Williams was a Director in KPMG Corporate Finance LLC’s Technology, Media, and Telecom investment banking group as well as a Vice President with St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm. Before joining St. Charles Capital, Mr. Williams was an attorney, focusing on general business, real estate, and securities law.
Mr. Williams is a member of the Colorado Bar Association, including the Business Law and M&A subsections, and he is a frequent speaker on Technology M&A.
Mr. Williams holds a JD from the University of San Diego School of Law as well as a BS in Finance and a BS in Accountancy from Villanova University.
Mr. Williams has completed the following FINRA Administered Qualification Examinations (Series 24, 62, 63, & 79).
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Great Lakes Senior Living Transaction
Transaction Announcement
Great Lakes Senior Living Communities LLC (“Great Lakes”), a provider of independent and assisted living and memory care services across 8 communities and 1,254 units in Michigan and Ohio, successfully completed a recapitalization through a comprehensive exchange of $400mm of outstanding bonds and a new $10mm financing. The transaction significantly strengthened Great Lakes’ balance sheet, providing sufficient liquidity and runway for Great Lakes to continue to grow in its local markets.
GLC served as Financial Advisor to Great Lakes, its mission- driven nonprofit sponsor Provident Resources Group, and the operating manager Common Sail Investment Group. The public debt exchange was facilitated via a trust instruction proceeding in Minnesota. Concurrent with the exchange select existing bondholders provided $10mm of new financing to bolster Great Lakes’ near-term liquidity.
GLC is a registered Municipal Advisor with the MSRB and SEC and has a core focus on the tax-exempt financial markets.
GLC Healthcare Coverage Overview
GLC brings a distinctive and dedicated approach to coverage of the Healthcare sector. Our professionals have advised on a range of complex transactions including M&A, debt financing and restructuring & recapitalizations, and our institutional knowledge spans the full spectrum of sub sectors in this constantly evolving industry.
Our clients include corporations, creditors, entrepreneurs, and financial sponsors.
Deal Team
Michael Selling – PENDING
Managing Director
Michael Selling – PENDING
Managing Director
Alex Geier
Managing Director / NYC
Alex Geier
Managing Director
NYC
Alex Geier joined GLC in 2020 and leads the firm’s Healthcare practice. He has more than 25 years of overall experience across Services, Digital Health/HCIT, Medical Devices and Life Sciences, as well as deep subject matter expertise in the public and private credit markets. Representative transactions at GLC include Carestream Health, Healogics, Invacare, SpineOne and StimWave Technologies.
Mr. Geier was most recently with BMO Financial Group, where he ran the Healthcare Sponsor Finance team for 6 years, and also served as a Managing Director covering Healthcare in the Leveraged Finance Group of BMO Capital Markets. Prior to joining BMO, Mr. Geier spent 12 years at UBS in Healthcare-focused roles in Leveraged Finance, Capital Markets and High Yield Research. He previously covered the sector as a High Yield Analyst at BT Alex.Brown and Bank of America.
Overall, Mr. Geier has worked on more than 200 Healthcare assignments, encompassing a wide range of transaction types (restructurings, mergers and acquisitions, leveraged buyouts, carve-outs, dividend and other recapitalizations, exit financings, refinancings and growth capital) and financing instruments (1st and 2nd-lien loans, high yield bonds and bridge loans, unitranche facilities, mezzanine debt and preferred and common equity).
Mr. Geier holds FINRA Series 24, 50, 63 and 79 licenses as well as an MBA from the Kellogg School at Northwestern University and an AB in Political Science and Economics from Duke University.
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J. Soren Reynertson
Managing Director / NYC
J. Soren Reynertson
Managing Director
NYC
Soren Reynertson is a Managing Director and the Managing General Partner of GLC Advisors, which he co-founded in 2009. Based in the New York office, he has worked with companies and their creditors on numerous assignments including bankruptcy reorganizations, exchange offers, out-of-court workouts, M&A, financings and recapitalizations. Recent assignments include roles in: Hertz, iHeart, First Energy Solutions, Riverbed Technologies, City of Detroit, Jefferson County, LBI ehf. (formerly Landsbanki Íslands hf.), Puerto Rico, Brookstone, Caesars, Foxwoods, Basic Energy, Radio Shack, Rivers Casino, Healogics, City of Atlantic City and Toys R Us.
Mr. Reynertson is a regular guest lecturer on several college campuses, including Columbia University, Emory University, UCLA, University of Chicago and the University of Pennsylvania.
Before founding GLC Advisors, Mr. Reynertson was a Managing Director in UBS’ Restructuring & Leveraged Finance Group based in New York. Previously, Mr. Reynertson was a Managing Director and Head of the European Strategic Finance Group at Morgan Stanley in London. Prior to joining Morgan Stanley, Mr. Reynertson also held various roles within UBS’ Restructuring team in New York and London including Managing Director and Head of UBS’ European Restructuring team.
Mr. Reynertson was also a crisis manager for Jay Alix Associates (now AlixPartners) where he focused on taking operational roles in financially distressed businesses. Mr. Reynertson also worked in PriceWaterhouse’s (now PwC’s) Dispute Analysis and Corporate Recovery Group in New York, providing advisory services to troubled companies and their creditors.
Mr. Reynertson has successfully completed the following FINRA Administered Qualification Examinations: Series 7, 24, 50, 54 and 63. Mr. Reynertson passed the Financial Services Authority (FSA) Securities Exam in the UK including CF21 (Investment Adviser) and CF309 (Customer). Mr. Reynertson held a gaming license with the State of Pennsylvania.
Mr. Reynertson received a BA from Emory University and an MBA from Columbia Business School.
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Adam Fiedor
Managing Director / Denver
Adam Fiedor
Managing Director
Denver
With a professional career spanning more than two decades, Adam Fiedor has collaborated with entrepreneurs and management teams of numerous middle-market companies, guiding them through the intricacies of mergers and acquisitions as well as capital raising. Adam has consistently showcased a proven ability to generate substantial value for all parties involved. His adeptness in strategically aligning client objectives during transactions has been instrumental in yielding exceptional financial and business outcomes.
Prior to joining GLC, Adam was a Director with KPMG Corporate Finance LLC, where he spearheaded KPMG’s US fairness opinion practice and focused on M&A for middle-market companies. Preceding this, he served as a Partner of St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm.
Adam actively contributes to various organizations, serving as a board member of the Young American Center for Financial Education, an organization committed to developing the financial literacy of young people with real-life experience and hands-on education. Additionally, Adam serves as a board member of SkyView Academy, a charter school committed to preparing students to be life-long learners and honorable leaders of tomorrow. He is also an advisory board member of the Reiman School of Finance at the University of Denver.
Mr. Fiedor holds a MBA from Harvard Business School and a BSBA from the University of Denver.
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Jason Leshner – PENDING
Director
Jason Leshner – PENDING
Director
Conor Jackson – PENDING
Vice President
Conor Jackson – PENDING
Vice President
Turner Ives – PENDING
Analyst
Turner Ives – PENDING
Analyst
ImageAPI Transaction
Transaction Announcement
Image API, a provider of tech-enabled business process optimization, document digitization services, and document management software to State and Local government agencies, has been acquired by Docufree, a leading provider of information management and business process automation.
The acquisition strengthens Docufree’s position as a trusted partner for government organizations seeking to modernize their document management, optimize workflows, and maintain regulatory compliance. “We are excited to welcome Image API to the Docufree family,” said Brad Jenkins, chief executive officer at Docufree.
“This acquisition will significantly enhance our software capabilities and operational efficiency, positioning our AI- driven SaaS and BPaaS platform as a leading solution in the Intelligent Document Management market, particularly for state, local, and education (SLED) agencies.”
To learn more, please visit our website: www.glca.com
We engaged the GLC Technology Team to manage the Image API sale process. The team exhibited utmost professionalism and perseverance, as well as specialized GovTech sector knowledge, in executing a transaction with delicate complications. In addition to technical M&A expertise, the GLC team used sensitive people skills to guide us to a successful conclusion. Milestone highly recommends GLC to any tech company planning to navigate a sale process.
Scott Warren
Partner, Milestone Partners
GLC Technology Team Overview
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.
Deal Team
David Bluth
Managing Director / Denver
David Bluth
Managing Director
Denver
David Bluth is a Managing Director and helps lead GLC Advisors’ Technology Investment Banking practice. Mr. Bluth is focused on advising middle-market software and technology services companies, and is responsible for cultivating and managing client relationships, providing clients access to an extensive network of private equity and strategic buyer relationships, and leading client M&A and capital raising transactions from the point of engagement through deal negotiations and closing. Mr. Bluth provides hands-on, client-first advice and senior-level judgement garnered through nearly 20 years of M&A and capital markets experience.
Mr. Bluth is a board member for SOFTWAREColorado, a Blackstone Entrepreneurs Network Advisor, and a frequent speaker on Technology M&A and other topics pertinent to entrepreneurs and business owners of growing technologies businesses.
Mr. Bluth is dedicated to giving back to his local community and is a former board member and community volunteer for Big Brothers Big Sisters of Colorado, Inc., and a former member of Big Brothers Big Sisters of America’s Nationwide Leadership Council.
Prior to joining GLC, Mr. Bluth was a Director with KPMG Corporate Finance LLC’s TMT Group, and a Partner of St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm, where he also previously held Vice President and Associate positions. Prior to St. Charles Capital, LLC, Mr. Bluth worked as an Analyst in the Technology Group at KeyBanc Capital Markets.
Mr. Bluth has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds a BS in Finance and a BS in Accounting from Florida State University.
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Adam Haynes
Managing Director / Denver
Adam Haynes
Managing Director
Denver
Adam Haynes advises middle market owners of technology and services businesses, leading M&A and capital transactions with a hands-on, client-first and senior-level approach to deliver outlier results for his clients. Mr. Haynes has more than 25 years of M&A and investment banking experience and has completed more than 100 mergers and acquisitions and financing transactions with a total value exceeding $16 billion.
Mr. Haynes is a current board member of Ensemble Innovation Ventures, the parent company of Delta Dental of Colorado, where he sits on the investment committee of EIV’s Ensemble Innovation Fund. He is a former member of George Washington High School’s Collaborative School Committee, of Steck Elementary’s Collaborative School Committee, of the Board of the Colorado Technology Association and of the board of the Denver Young Artist’s Orchestra, as well as a supporter of the Denver Scholarship Foundation, the Denver Police Foundation, and the University of Colorado’s Johnson Depression Center.
Prior to joining GLC, Mr. Haynes was a Managing Director with KPMG Corporate Finance LLC and a Co-Founder of St. Charles Capital, LLC (acquired by KPMG in 2014) where he advised software and service companies as well as aerospace and defense companies. Previously, he was a Vice President in the Technology M&A Group at Piper Jaffray, and prior to that, was an Associate with Chase Securities where he completed bank and bond transactions, including recapitalizations, spin-offs and acquisition financings for Chase’s Global Syndicated Finance and Consumer Diversified Industries groups.
Mr. Haynes has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds an MBA from NYU’s Stern School of Business and a BA degree from the University of Southern California.
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Jim Williams
Managing Director / Denver
Jim Williams
Managing Director
Denver
Jim Williams is a Managing Director with GLC Advisors, where he helps lead the firm’s Technology investment banking group. He has been advising Software, Internet, and Tech-enabled Services clients and executing M&A and private capital raising transactions for entrepreneurs, founders, and financial sponsors for close to 15 years.
Prior to joining GLC, Mr. Williams was a Director in KPMG Corporate Finance LLC’s Technology, Media, and Telecom investment banking group as well as a Vice President with St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm. Before joining St. Charles Capital, Mr. Williams was an attorney, focusing on general business, real estate, and securities law.
Mr. Williams is a member of the Colorado Bar Association, including the Business Law and M&A subsections, and he is a frequent speaker on Technology M&A.
Mr. Williams holds a JD from the University of San Diego School of Law as well as a BS in Finance and a BS in Accountancy from Villanova University.
Mr. Williams has completed the following FINRA Administered Qualification Examinations (Series 24, 62, 63, & 79).
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40AU Transaction
Transaction Announcement
FortyAU, a leading onshore/nearshore software development firm delivering world-class software development solutions to growing and innovative clients in the Healthcare and Financial Services sectors, received a growth investment from ASH Investment Partners, an Atlanta- based private equity firm focused on digital services, SaaS, and tech-enabled businesses.
“We have built a team of deep technical talent with significant domain expertise in healthcare and other critical end markets. We are now poised to capitalize on these capabilities with a new partner that is supportive of growth and investment.” says Andrew Kerr, CEO of FortyAU.
To learn more, please visit our website: www.glca.com
GLC did a fantastic job managing a successful sale process. The entire GLC team was with us every step of the way, offering invaluable insights and support by leveraging their rich M&A experience and applying a hands-on approach to tackle complex deal challenges. The GLC team worked tirelessly and remained steadfast in their commitment to providing value to all of FortyAU’s stakeholders. We are excited about the future and grateful for their guidance during this pivotal process.
Logan Buchanan
Co-founder, FortyAU
GLC Technology Team Overview
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.
Deal Team
David Bluth
Managing Director / Denver
David Bluth
Managing Director
Denver
David Bluth is a Managing Director and helps lead GLC Advisors’ Technology Investment Banking practice. Mr. Bluth is focused on advising middle-market software and technology services companies, and is responsible for cultivating and managing client relationships, providing clients access to an extensive network of private equity and strategic buyer relationships, and leading client M&A and capital raising transactions from the point of engagement through deal negotiations and closing. Mr. Bluth provides hands-on, client-first advice and senior-level judgement garnered through nearly 20 years of M&A and capital markets experience.
Mr. Bluth is a board member for SOFTWAREColorado, a Blackstone Entrepreneurs Network Advisor, and a frequent speaker on Technology M&A and other topics pertinent to entrepreneurs and business owners of growing technologies businesses.
Mr. Bluth is dedicated to giving back to his local community and is a former board member and community volunteer for Big Brothers Big Sisters of Colorado, Inc., and a former member of Big Brothers Big Sisters of America’s Nationwide Leadership Council.
Prior to joining GLC, Mr. Bluth was a Director with KPMG Corporate Finance LLC’s TMT Group, and a Partner of St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm, where he also previously held Vice President and Associate positions. Prior to St. Charles Capital, LLC, Mr. Bluth worked as an Analyst in the Technology Group at KeyBanc Capital Markets.
Mr. Bluth has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds a BS in Finance and a BS in Accounting from Florida State University.
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Adam Haynes
Managing Director / Denver
Adam Haynes
Managing Director
Denver
Adam Haynes advises middle market owners of technology and services businesses, leading M&A and capital transactions with a hands-on, client-first and senior-level approach to deliver outlier results for his clients. Mr. Haynes has more than 25 years of M&A and investment banking experience and has completed more than 100 mergers and acquisitions and financing transactions with a total value exceeding $16 billion.
Mr. Haynes is a current board member of Ensemble Innovation Ventures, the parent company of Delta Dental of Colorado, where he sits on the investment committee of EIV’s Ensemble Innovation Fund. He is a former member of George Washington High School’s Collaborative School Committee, of Steck Elementary’s Collaborative School Committee, of the Board of the Colorado Technology Association and of the board of the Denver Young Artist’s Orchestra, as well as a supporter of the Denver Scholarship Foundation, the Denver Police Foundation, and the University of Colorado’s Johnson Depression Center.
Prior to joining GLC, Mr. Haynes was a Managing Director with KPMG Corporate Finance LLC and a Co-Founder of St. Charles Capital, LLC (acquired by KPMG in 2014) where he advised software and service companies as well as aerospace and defense companies. Previously, he was a Vice President in the Technology M&A Group at Piper Jaffray, and prior to that, was an Associate with Chase Securities where he completed bank and bond transactions, including recapitalizations, spin-offs and acquisition financings for Chase’s Global Syndicated Finance and Consumer Diversified Industries groups.
Mr. Haynes has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds an MBA from NYU’s Stern School of Business and a BA degree from the University of Southern California.
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Jim Williams
Managing Director / Denver
Jim Williams
Managing Director
Denver
Jim Williams is a Managing Director with GLC Advisors, where he helps lead the firm’s Technology investment banking group. He has been advising Software, Internet, and Tech-enabled Services clients and executing M&A and private capital raising transactions for entrepreneurs, founders, and financial sponsors for close to 15 years.
Prior to joining GLC, Mr. Williams was a Director in KPMG Corporate Finance LLC’s Technology, Media, and Telecom investment banking group as well as a Vice President with St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm. Before joining St. Charles Capital, Mr. Williams was an attorney, focusing on general business, real estate, and securities law.
Mr. Williams is a member of the Colorado Bar Association, including the Business Law and M&A subsections, and he is a frequent speaker on Technology M&A.
Mr. Williams holds a JD from the University of San Diego School of Law as well as a BS in Finance and a BS in Accountancy from Villanova University.
Mr. Williams has completed the following FINRA Administered Qualification Examinations (Series 24, 62, 63, & 79).
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AVI Roofing Transaction
Transaction Announcement
AVI Roofing, Inc. (“AVI”), a provider of roofing and repair & maintenance services based in Denver, Colorado, announced its acquisition by Salt Creek Capital, a San Francisco-based private equity firm.
Founded in 1998, AVI completes 5,000+ projects annually across the Front Range of Colorado and is a leading provider of complete roofing services for residential, commercial, and HOA and property management end markets.
AVI offers a comprehensive portfolio of roofing services for steep-slope and low-slope environments, including the installation of roof systems, gutter systems, solar, waterproofing, and maintenance and services.
When looking for an investment banking partner, GLC Advisors rose to the top in my selection process given their proven knowledge and experience in the industry – along with their high touch approach. After going through this process, I am deeply grateful and even more impressed with the GLC team’s unwavering commitment to me, my management team, and staff in identifying and transacting with the ideal partner to set AVI up for future success and growth.
Pete Kruse
Founder, President & CEO, AVI Roofing
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 in their strategic decisions and events.
Deal Team
Michael Richter
Managing Director / Denver
Michael Richter
Managing Director
Denver
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Adam Fiedor
Managing Director / Denver
Adam Fiedor
Managing Director
Denver
With a professional career spanning more than two decades, Adam Fiedor has collaborated with entrepreneurs and management teams of numerous middle-market companies, guiding them through the intricacies of mergers and acquisitions as well as capital raising. Adam has consistently showcased a proven ability to generate substantial value for all parties involved. His adeptness in strategically aligning client objectives during transactions has been instrumental in yielding exceptional financial and business outcomes.
Prior to joining GLC, Adam was a Director with KPMG Corporate Finance LLC, where he spearheaded KPMG’s US fairness opinion practice and focused on M&A for middle-market companies. Preceding this, he served as a Partner of St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm.
Adam actively contributes to various organizations, serving as a board member of the Young American Center for Financial Education, an organization committed to developing the financial literacy of young people with real-life experience and hands-on education. Additionally, Adam serves as a board member of SkyView Academy, a charter school committed to preparing students to be life-long learners and honorable leaders of tomorrow. He is also an advisory board member of the Reiman School of Finance at the University of Denver.
Mr. Fiedor holds a MBA from Harvard Business School and a BSBA from the University of Denver.
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Michael Fleschner
Managing Director / Denver
Michael Fleschner
Managing Director
Denver
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Mike Armbuster – PENDING
Director
Mike Armbuster – PENDING
Director
Tower Health Transaction
Transaction Announcement
Tower Health (“Tower”), an integrated 1,200-bed regional health system based in Reading, PA, successfully completed a recapitalization through a comprehensive exchange of over $1bn of outstanding bonds and a new $157.5mm financing. The transaction significantly strengthened Tower’s balance sheet, providing sufficient liquidity and runway for Tower to continue its impressive turnaround.
GLC served as Financial Advisor to the Bond Trustee and an ad hoc group of bondholders (the “AHG”) holding more than 84% of Tower’s $1.2bn of outstanding bonds. The public exchange offer was open to all bondholders and was accepted by 92% of outstanding bonds. Concurrently, the AHG and other participating bondholders provided $157.5mm of new financing to bolster Tower’s near-term liquidity.
GLC is a registered Municipal Advisor with the MSRB and SEC and maintains a core focus on the tax-exempt financial markets.
GLC Healthcare Coverage Overview
GLC brings a distinctive and dedicated approach to coverage of the Healthcare sector. Our professionals have advised on a range of complex transactions including M&A, debt financing and restructuring & recapitalizations, and our institutional knowledge spans the full spectrum of sub sectors in this constantly evolving industry. Our clients include corporations, creditors, entrepreneurs, and financial sponsors.
Deal Team
Alex Geier
Managing Director / NYC
Alex Geier
Managing Director
NYC
Alex Geier joined GLC in 2020 and leads the firm’s Healthcare practice. He has more than 25 years of overall experience across Services, Digital Health/HCIT, Medical Devices and Life Sciences, as well as deep subject matter expertise in the public and private credit markets. Representative transactions at GLC include Carestream Health, Healogics, Invacare, SpineOne and StimWave Technologies.
Mr. Geier was most recently with BMO Financial Group, where he ran the Healthcare Sponsor Finance team for 6 years, and also served as a Managing Director covering Healthcare in the Leveraged Finance Group of BMO Capital Markets. Prior to joining BMO, Mr. Geier spent 12 years at UBS in Healthcare-focused roles in Leveraged Finance, Capital Markets and High Yield Research. He previously covered the sector as a High Yield Analyst at BT Alex.Brown and Bank of America.
Overall, Mr. Geier has worked on more than 200 Healthcare assignments, encompassing a wide range of transaction types (restructurings, mergers and acquisitions, leveraged buyouts, carve-outs, dividend and other recapitalizations, exit financings, refinancings and growth capital) and financing instruments (1st and 2nd-lien loans, high yield bonds and bridge loans, unitranche facilities, mezzanine debt and preferred and common equity).
Mr. Geier holds FINRA Series 24, 50, 63 and 79 licenses as well as an MBA from the Kellogg School at Northwestern University and an AB in Political Science and Economics from Duke University.
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Sean Cannon
Managing Director / NYC
Sean Cannon
Managing Director
NYC
Sean Cannon is a Managing Director at GLC with over 14 years of investment banking experience. Mr. Cannon joined GLC in 2013 and has advised companies, creditors and sponsors on over $33 billion of transactions including restructurings, recapitalizations, financings, mergers and acquisitions across a range of industry sectors including healthcare, consumer, retail, gaming, media, telecom and tax-exempt finance.
Examples of Mr. Cannon’s recent transactions include Carestream Health, Endo International, Great Lakes Senior Living, iHeartMedia, Healogics, Hertz, JCPenny, McClatchy, Stimwave Technologies, Toys R Us, and the Commonwealth of Puerto Rico, among others.
Prior to joining GLC, Mr. Cannon worked at CRT Capital where he focused on investment banking advisory assignments across M&A and private capital raising.
Prior to joining CRT, Mr. Cannon worked in the Transaction Services practice at KPMG where he focused on M&A advisory services.
In 2023, Mr. Cannon received the 14th Annual Emerging Leaders Award by The M&A Advisor. The award recognizes professionals under 40 who have reached a significant level of success in their careers and made notable contributions to their industry and community.
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J. Soren Reynertson
Managing Director / NYC
J. Soren Reynertson
Managing Director
NYC
Soren Reynertson is a Managing Director and the Managing General Partner of GLC Advisors, which he co-founded in 2009. Based in the New York office, he has worked with companies and their creditors on numerous assignments including bankruptcy reorganizations, exchange offers, out-of-court workouts, M&A, financings and recapitalizations. Recent assignments include roles in: Hertz, iHeart, First Energy Solutions, Riverbed Technologies, City of Detroit, Jefferson County, LBI ehf. (formerly Landsbanki Íslands hf.), Puerto Rico, Brookstone, Caesars, Foxwoods, Basic Energy, Radio Shack, Rivers Casino, Healogics, City of Atlantic City and Toys R Us.
Mr. Reynertson is a regular guest lecturer on several college campuses, including Columbia University, Emory University, UCLA, University of Chicago and the University of Pennsylvania.
Before founding GLC Advisors, Mr. Reynertson was a Managing Director in UBS’ Restructuring & Leveraged Finance Group based in New York. Previously, Mr. Reynertson was a Managing Director and Head of the European Strategic Finance Group at Morgan Stanley in London. Prior to joining Morgan Stanley, Mr. Reynertson also held various roles within UBS’ Restructuring team in New York and London including Managing Director and Head of UBS’ European Restructuring team.
Mr. Reynertson was also a crisis manager for Jay Alix Associates (now AlixPartners) where he focused on taking operational roles in financially distressed businesses. Mr. Reynertson also worked in PriceWaterhouse’s (now PwC’s) Dispute Analysis and Corporate Recovery Group in New York, providing advisory services to troubled companies and their creditors.
Mr. Reynertson has successfully completed the following FINRA Administered Qualification Examinations: Series 7, 24, 50, 54 and 63. Mr. Reynertson passed the Financial Services Authority (FSA) Securities Exam in the UK including CF21 (Investment Adviser) and CF309 (Customer). Mr. Reynertson held a gaming license with the State of Pennsylvania.
Mr. Reynertson received a BA from Emory University and an MBA from Columbia Business School.
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Michael Selling – PENDING
Managing Director
Michael Selling – PENDING
Managing Director
Jason Leshner – PENDING
Director
Jason Leshner – PENDING
Director
David Vige – PENDING
Associate
David Vige – PENDING
Associate
Vignesh Maddi – PENDING
Analyst
Vignesh Maddi – PENDING
Analyst
Joshua Elenowitz – PENDING
Analyst
Joshua Elenowitz – PENDING
Analyst
Sutherlands Lumber & Design Gallery Transaction
Transaction Announcement
Sutherlands Lumber & Design Gallery (“Sutherlands”), a leading supplier of structural building materials and interior building products based in Fort Collins, Colorado has been acquired by Dardanelle Timber Co. Sutherlands serves as a one-stop-shop source for home design, improvement, renovation, and building needs for both homebuilders & contractors and commercial framers for residential new construction in the Colorado Front Range and surrounding areas.
Sutherlands boasts a dedicated management team focused on delivering exceptional service – prompt, friendly, and expert – to residential homebuilders and contractors. This unique combination of a design center and lumberyard under one roof, with dedicated rail access, positions Sutherlands as a leader in Northern Colorado’s building supply market and will continue to serve the broader Front Range market for generations to come.
GLC was highly diligent and persistent in presenting our business to potential buyers. We will definitely use them again when the need arises.
Bob Sutherland Jr.
Owner & Chief Executive Officer
Business Services & Industrials Team
GLC’s Business Services and 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 in their strategic decisions and events.
Deal Team
Adam Fiedor
Managing Director / Denver
Adam Fiedor
Managing Director
Denver
With a professional career spanning more than two decades, Adam Fiedor has collaborated with entrepreneurs and management teams of numerous middle-market companies, guiding them through the intricacies of mergers and acquisitions as well as capital raising. Adam has consistently showcased a proven ability to generate substantial value for all parties involved. His adeptness in strategically aligning client objectives during transactions has been instrumental in yielding exceptional financial and business outcomes.
Prior to joining GLC, Adam was a Director with KPMG Corporate Finance LLC, where he spearheaded KPMG’s US fairness opinion practice and focused on M&A for middle-market companies. Preceding this, he served as a Partner of St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm.
Adam actively contributes to various organizations, serving as a board member of the Young American Center for Financial Education, an organization committed to developing the financial literacy of young people with real-life experience and hands-on education. Additionally, Adam serves as a board member of SkyView Academy, a charter school committed to preparing students to be life-long learners and honorable leaders of tomorrow. He is also an advisory board member of the Reiman School of Finance at the University of Denver.
Mr. Fiedor holds a MBA from Harvard Business School and a BSBA from the University of Denver.
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Michael Richter
Managing Director / Denver
Michael Richter
Managing Director
Denver
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Michael Fleschner
Managing Director / Denver
Michael Fleschner
Managing Director
Denver
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Mike Armbuster – PENDING
Director
Mike Armbuster – PENDING
Director
Marcus Fenimore – PENDING
Associate
Marcus Fenimore – PENDING
Associate
OpenCounter Deal Announcement
Transaction Announcement
OpenCounter, a pioneer in streamlining the permitting and licensing process for citizens and government staff, has been acquired by Accela, a leading provider of cloud-based solutions for government.
“OpenCounter has primarily focused on the applicant experience, understanding that the permitting process starts when someone has an idea and not when they submit their first application.” said Linh Vuong, Product Director at OpenCounter. “Having worked alongside Accela for many years, the OpenCounter team is excited to combine strengths with this partnership, and thrilled for the opportunities we’ll have to bring a comprehensive and user-friendly permitting solution to cities, counties and states across the country.”
To learn more, please visit our website: www.glca.com
Integrating OpenCounter’s technology with Accela’s comprehensive platform will revolutionize how citizens and businesses interact with government services. We are committed to making the licensing and permitting process as intuitive and efficient as possible
Noam Reininger
CEO, Accela
GLC Technology Team Overview
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.
Deal Team
David Bluth
Managing Director / Denver
David Bluth
Managing Director
Denver
David Bluth is a Managing Director and helps lead GLC Advisors’ Technology Investment Banking practice. Mr. Bluth is focused on advising middle-market software and technology services companies, and is responsible for cultivating and managing client relationships, providing clients access to an extensive network of private equity and strategic buyer relationships, and leading client M&A and capital raising transactions from the point of engagement through deal negotiations and closing. Mr. Bluth provides hands-on, client-first advice and senior-level judgement garnered through nearly 20 years of M&A and capital markets experience.
Mr. Bluth is a board member for SOFTWAREColorado, a Blackstone Entrepreneurs Network Advisor, and a frequent speaker on Technology M&A and other topics pertinent to entrepreneurs and business owners of growing technologies businesses.
Mr. Bluth is dedicated to giving back to his local community and is a former board member and community volunteer for Big Brothers Big Sisters of Colorado, Inc., and a former member of Big Brothers Big Sisters of America’s Nationwide Leadership Council.
Prior to joining GLC, Mr. Bluth was a Director with KPMG Corporate Finance LLC’s TMT Group, and a Partner of St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm, where he also previously held Vice President and Associate positions. Prior to St. Charles Capital, LLC, Mr. Bluth worked as an Analyst in the Technology Group at KeyBanc Capital Markets.
Mr. Bluth has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds a BS in Finance and a BS in Accounting from Florida State University.
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Adam Haynes
Managing Director / Denver
Adam Haynes
Managing Director
Denver
Adam Haynes advises middle market owners of technology and services businesses, leading M&A and capital transactions with a hands-on, client-first and senior-level approach to deliver outlier results for his clients. Mr. Haynes has more than 25 years of M&A and investment banking experience and has completed more than 100 mergers and acquisitions and financing transactions with a total value exceeding $16 billion.
Mr. Haynes is a current board member of Ensemble Innovation Ventures, the parent company of Delta Dental of Colorado, where he sits on the investment committee of EIV’s Ensemble Innovation Fund. He is a former member of George Washington High School’s Collaborative School Committee, of Steck Elementary’s Collaborative School Committee, of the Board of the Colorado Technology Association and of the board of the Denver Young Artist’s Orchestra, as well as a supporter of the Denver Scholarship Foundation, the Denver Police Foundation, and the University of Colorado’s Johnson Depression Center.
Prior to joining GLC, Mr. Haynes was a Managing Director with KPMG Corporate Finance LLC and a Co-Founder of St. Charles Capital, LLC (acquired by KPMG in 2014) where he advised software and service companies as well as aerospace and defense companies. Previously, he was a Vice President in the Technology M&A Group at Piper Jaffray, and prior to that, was an Associate with Chase Securities where he completed bank and bond transactions, including recapitalizations, spin-offs and acquisition financings for Chase’s Global Syndicated Finance and Consumer Diversified Industries groups.
Mr. Haynes has successfully completed the following FINRA Administered Qualification Examinations (Series 7, 24, 63), and holds an MBA from NYU’s Stern School of Business and a BA degree from the University of Southern California.
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Jim Williams
Managing Director / Denver
Jim Williams
Managing Director
Denver
Jim Williams is a Managing Director with GLC Advisors, where he helps lead the firm’s Technology investment banking group. He has been advising Software, Internet, and Tech-enabled Services clients and executing M&A and private capital raising transactions for entrepreneurs, founders, and financial sponsors for close to 15 years.
Prior to joining GLC, Mr. Williams was a Director in KPMG Corporate Finance LLC’s Technology, Media, and Telecom investment banking group as well as a Vice President with St. Charles Capital, LLC (acquired by KPMG in 2014), a leading boutique investment banking firm. Before joining St. Charles Capital, Mr. Williams was an attorney, focusing on general business, real estate, and securities law.
Mr. Williams is a member of the Colorado Bar Association, including the Business Law and M&A subsections, and he is a frequent speaker on Technology M&A.
Mr. Williams holds a JD from the University of San Diego School of Law as well as a BS in Finance and a BS in Accountancy from Villanova University.
Mr. Williams has completed the following FINRA Administered Qualification Examinations (Series 24, 62, 63, & 79).
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