Transactions Archive - Page 3 of 29

Near Intelligence, Inc. Transaction

Transaction Announcement

Near Intelligence, Inc. (NASDAQ:NIR) (“Near”), a global, privacy-led data intelligence platform, was sold to funds affiliated with Blue Torch Finance LLC (“Blue Torch”) for $50.0mm through a Chapter 11 363 asset sale process.

Near curates one of the world’s largest sources of intelligence on people and places. Near’s patented technology analyzes data to deliver insights on approximately 1.6 billion unique user IDs across 70 million points of interest in more than 44 countries. With a presence in California, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves enterprises in a diverse spectrum of industries including retail, real estate, QSR, travel, telecom, media, and more.

GLC Technology Coverage Overview

GLC provides senior-level advice and execution throughout the Technology sector. Our professionals have advised on a range of complex transactions including restructuring & special situations, M&A, debt financing and recapitalizations, and our institutional knowledge spans a broad spectrum of sub-sectors in this evolving industry, with a focus on SaaS, Vertical Applications, Online Applications & Services, and IT & Tech-Enabled Services.

Our clients include corporations, creditors, companies, entrepreneurs and financial sponsors.

To learn more, please visit our website: www.glca.com

Deal Team

Abe Han

Managing Director / NYC

Bob SwindellWINDELL – PENDING

Managing Director

Daniel Grundei – PENDING

Vice President

Alonso Flores-Noel – PENDING

Analyst

Caleb Yang – PENDING

Analyst

CoorsTek Transaction

Chapter Spot Transaction

Transaction Announcement

ChapterSpot, a leader in providing non-profit organizations with innovative software solutions including CRM and member management, has been acquired by Billhighway, a provider of finance management solutions for fraternal organizations and associations.

“ChapterSpot joining forces with Billhighway creates a comprehensive, powerful, and scalable technology solution. We are now uniquely able to deliver a best-in-class system — one that is seamless throughout the member lifecycle from recruitment to dues, from chapter operations to financial management, from donor management to housing,” says Joe McMenemon, co-founder of ChapterSpot. “Together, as one company, we are deeply committed to the success and growth of the fraternal community and each of our clients.”

To learn more, please visit our website: www.glca.com

We engaged the GLC Technology Team in response to inbound interest from strategic parties. GLC plugged in immediately and was able to get us organized and out to market in a matter of days. I can’t overstate the value that GLC brought to the transaction. I was impressed with the team’s creative approach to complex deal issues, broad knowledge of the technology sector, and commitment to providing unmatched service. They are true experts of the entire M&A process and helped guide us to the best outcome for everyone involved.
Joe McMenemon
Co-founder, ChapterSpot

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

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

Champion Auto Carriers Transaction

Transaction Announcement

Champion Auto Carriers (“Champion”), a premier auto logistics and transportation solutions provider, announced its acquisition by Accelerated Services, a national auto transport carrier and auto transport broker service provider.

Established in 1999, Champion provides delivery of over 120,000 automobiles each year and specializes in auto sourcing, load distribution & batch management, auto pick-up & transport, and auto delivery & unloading. Champion’s comprehensive auto logistics solutions cover 18 states throughout the Central and Western United States primarily serving the world’s leading automotive OEMs and dealers.

The team at GLC did an amazing job along the journey to completing the transaction. Their dedication and professionalism was unmatched, and they always stayed focused on reaching the final goal. They fully understand the process and have an expertise in the M&A industry. I want to personally thank them and their entire team for everything they did for us. They truly bring value to the M&A process.
Tony Cromwell
Founder, President & CEO, Champion Auto Carriers

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

Adam Fiedor

Managing Director / Denver

Michael Fleschner

Managing Director / Denver

Mike Armbuster – PENDING

Director

Jackson Winn – PENDING

Associate

Augustus Aerospace Acquisition Transaction

Transaction Announcement

Augustus Aerospace Company (“AAC”), a leading developer and provider of Intelligence, Surveillance, and Reconnaissance (“ISR”), communications, and radar systems for space platforms has been acquired by Aeronix Technologies Group (“ATG”), a provider of defense electronics for use in the domains of air, land, sea, and space. ATG is a portfolio company of ShoreView, a Minneapolis-based private equity firm.

Founded in January 2018, with facilities in Lone Tree and Colorado Springs, Colorado, AAC designs, develops, and delivers robust, integrated mission systems to meet military, defense, and intelligence customers’ most challenging ISR, communications, and radar requirements. AAC has successfully executed over 15 separate programs and will have delivered more than 40 flight payloads by the end of this year – each requiring sophisticated innovations for mission success in addition to supporting aggressive delivery schedules.

ATG’s acquisition of AAC will support AAC’s transition from cutting edge research and development of ISR space systems to high-capacity production that meets and exceeds the demanding standards of space operations.

At Augustus we develop cutting edge capabilities across the entire spectrum of electromagnetics from ultrawide band electronically steerable arrays, to very low noise digital sampling receivers to the most complicated signal processing algorithms in the world. The only way we were going to get top dollar for the sale of our company is with the support of an extremely intelligent investment banking team. GLC Advisors was up to the challenge and became persuasive advocates throughout the entire process.
Mace Golden, Ph.D.
President & CEO, Augustus Aerospace Company

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

Michael Richter

Managing Director / Denver

Michael Fleschner

Managing Director / Denver

Mike Armbuster – PENDING

Director

Jackson Winn – PENDING

Associate

Next Step Energy Solutions Transaction

Transaction Announcement

Next Step Energy Solutions (“NSES”), a leading national provider of turnkey LED lighting system retrofit solutions located in Littleton, Colorado, announced a recapitalization investment by GEF Capital Partners, a Washington, D.C.-based sustainability-focused private equity firm. NSES’ innovative system for delivering and designing energy efficient lighting solutions enables customers to reduce electricity usage and maintenance expenses at facilities, while also decreasing utility and operational costs. Owners and operators of healthcare facilities, commercial real estate assets, education campuses, hotels, and industrial operations rely on NSES to save on energy and operating costs in combination with the pursuit of Net Zero carbon emissions targets. To date, NSES has serviced over 65 million square feet domestically and internationally resulting in $60 million in annualized utility, maintenance, and operational savings and 18.7 million lbs. of avoided CO2 emissions.

We knew GLC was the investment banking partner for us from the very beginning. Their team’s proven, time-tested M&A knowledge and hands-on approach were crucial in navigating the complexities of this transaction. The team at GLC truly understands founder owners and helps them achieve the pursuit of their growth goals. I am very grateful for the partnership we created together.
Chad Lembeck
Co-Founder & CEO, Next Step Energy Solutions

Business Services & Industrials Team

Deal Team

Michael Richter

Managing Director / Denver

Adam Fiedor

Managing Director / Denver

Michael Fleschner

Managing Director / Denver

Mike Armbuster – PENDING

Director

Jackson Winn – PENDING

Associate

Octopi Brewing Transaction

Transaction Announcement

Octopi Brewing, one of North America’s largest contract beverage production and co-packing facilities, located in Waunakee, Wisconsin announced its acquisition by Asahi Europe & International (AEI), the international branch of Asahi Group Holdings, Ltd. (TSE:2502) – a global food and beverage holding company of brands such as Asahi Super Dry, Peroni Nastro Azzurro, Pilsner Urquell, and Kozel among others.

Octopi Brewing’s modern production facility was built from the ground up to innovate and produce a wide range of beverages, including beer, non-alcoholic, and ready to drink products, using state-of-the-art packaging lines. Today, Octopi operates over 545,000 square feet of production and warehousing facilities with production capacity exceeding 1,000,000 bbl annually.

Octopi will be integrated into AEI’s U.S. subsidiary, Asahi Beer USA, and begin production of global brands Asahi Super Dry and Kozel for the North American marketplace along with a wider portfolio of brands for distribution and sale in Canada. The acquisition of Octopi represents a significant step forward in accelerating Asahi’s global ambitions for Asahi Super Dry, Japan’s most popular beer, which will now be brewed in the U.S. for the first time.

I had the opportunity to work with GLC in the past and when the opportunity to partner with a leading, global food and beverage products company became a possibility, the team at GLC was my first call to make it a reality. The GLC team’s ability to guide us through the complex process of a sale was invaluable in achieving a successful outcome for us.
Isaac Showaki
Founder & President, Octopi Brewing

Business Services & Industrials Team

Deal Team

Michael Richter

Managing Director / Denver

Adam Fiedor

Managing Director / Denver

Michael Fleschner

Managing Director / Denver

Mike Armbuster – PENDING

Director

Jackson Winn – PENDING

Associate

Tripbam Transaction

Transaction Announcement

TRIPBAM is a global SaaS solution and the industry’s only provider of fully automated, always-on auditing technology to track and review corporate travel pre-trip spend, corporate negotiated discounts, and supplier contracts.

TRIPBAM’s technology constantly tracks and compares current prices with customers’ travel reservations and automatically rebooks a flight or hotel room if a lower price is available. It has tracked more than 30 million corporate travel bookings to date, representing over $30 billion in spend. TRIPBAM’s solutions have helped more than 2,000 customers, including Aon, Elevance Health and Microsoft, to automatically save in excess of $500 million.

The acquisition of TRIPBAM makes Emburse an even stronger partner for travel and finance leaders, supporting their efforts to better manage spend and proactively control travel costs. With TRIPBAM, Emburse’s 18,000+ customers can add flight and hotel rebooking to the T&E process, providing the lowest prices for their travel plans.

I now have a strong appreciation for the tremendous value that the right investment bank can deliver in a sales process – particularly in the current, choppy M&A market. GLC’s expertise in positioning software companies, negotiating successful M&A deals, and driving deals to a positive close, produced a terrific outcome for our organization. I would highly recommend GLC to any tech company looking to navigate these uncharted Tech M&A waters.
Steve Reynolds
Chief Executive Officer, TRIPBAM, Inc.

Software and Technology Team

GLC’s Software and Technology Team is exclusively focused on advising software and technology services 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 Haynes

Managing Director / Denver

David Bluth

Managing Director / Denver

Jim Williams

Managing Director / Denver

Race Technologies Transaction

Transaction Announcement

Race Technologies, an exclusive tech-enabled distribution, supply chain management and technical support partner for high performance Brembo branded braking products and related accessories serving automotive & motorcycle performance and racing communities, has announced its recapitalization by Clavis Capital Partners.

Founded in 1998, Race Technologies has been serving automotive & motorcycle racing, custom build, and enthusiast markets for over 25 years. With facilities on both the west and east coasts, Race Technologies’ fully integrated platform provides supply chain services and high-performance product distribution and support to customers globally.

With Clavis’ backing, Race Technologies will further develop proprietary AI-driven inventory software, support the growth of the Brembo brand in the performance aftermarket, and accelerate Race Technologies position as a leading supply chain and logistics management platform.

To learn more, please visit our website: www.glca.com

I cannot thank the GLC deal team enough for their continuous support and determination over the past several months in accomplishing such a tremendous outcome for our team. GLC is truly a trusted partner and was our advocate from start to finish in this transaction. Their understanding of founder-owned/entrepreneurial businesses coupled with their ability to navigate a sophisticated transaction process far exceeded my expectations. I truly appreciate their entire team’s efforts.
Jamie Trimble
Founder & CEO, Race Technologies

Business Services & Diversified Industries Team

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.

Deal Team

Michael Richter

Managing Director / Denver

Adam Fiedor

Managing Director / Denver

Michael Fleschner

Managing Director / Denver

Mike Armbuster – PENDING

Director

Jackson Winn – PENDING

Associate

Invacare Transaction

Transaction Announcement

GLC Advisors & Co., LLC served as the exclusive financial advisor to the Ad Hoc Committee of Convertible Noteholders (“AHC”) in Invacare’s Chapter 11 restructuring. GLC worked closely with Invacare’s management team and advisors to structure a transaction that reduced the Company’s debt by over $200 million and positioned the business for long-term success. Additionally, the AHC backstopped a $75 million equity rights offering to support the business’ operations. Congratulations to all parties involved in the Company’s emergence from Chapter 11 and a successful transaction!

GLC’s transaction team included Soren Reynertson, Abe Han, Alex Geier, Tim Hagamen, Harper Wathen, Anuj Patel, and Alonso Flores-Noel.

To learn more, please visit our website: www.glca.com

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.