JD Merit Advises Electronic Transaction Consultants Corp. on its Sale to Align Capital Partners
JD Merit & Company, a leading middle market investment bank, is honored to have served as exclusive financial advisor to Electronic Transaction Consultants Corporation ("ETC") in its sale to Align Capital Partners ("ACP").
By: JD Merit
Joe Durnford, Chairman of JD Merit, commented, "We were thrilled to facilitate the divestiture of ETC from Atlantia to create significant shareholder liquidity, while simultaneously positioning ETC for growth with a committed capital partner. JD Merit, together with our partners at CDI Global, Italy, managed a robust process that garnered interest from both strategic and financial buyers. After analyzing dozens of offers, Atlantia selected Align Capital due to ACP's creative approach to completing the purchase in the midst of global travel restrictions, uncertain credit markets, and complex industry dynamics."
Todd Ostrander, JD Merit Managing Director and Technology Group Head, stated, "Working with the management teams at ETC and Atlantia, my colleagues Sean Ostrander and Joe Durnford, the professionals at ACP, and the legal teams at Sheppard Mullins and McGuire Woods was a great experience. While certainly a difficult time in history, the commitment and professionalism of all parties demonstrated that even in the worst of circumstances, good deals can still be closed."
About Align Capital Partners
Headquartered in Cleveland, Ohio and Dallas, Texas, Align Capital Partners is a lower-middle market growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with a primary focus on B2B companies.
About JD Merit
JD Merit is a leading Boutique Investment Bank focused on serving middle market companies. JD Merit executes sell-side M&A, buy-side M&A, and capital advisory services with specific emphasis on the technology, software, consumer, telecom/ wireless and manufacturing sectors. In addition, JD Merit offers other Investment banking services such as debt and equity capital raises, restructuring advisory services, business valuations, and project financing. JD Merit Securities, member FINRA / SIPC, is a full-service Broker Dealer licensed in 50 states.
Learn more at www.JDMerit.com