News & Events

TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as the exclusive financial advisor to BiggerPockets in its recapitalization by McCarthy Capital

November 14, 2018

DENVER, CO Nov. 14, 2018 – BiggerPockets.com (“BiggerPockets”), the largest online network of real estate investors, announced that the company has partnered with McCarthy Capital Fund VI (“McCarthy Capital”) to accelerate its investment in new tools and resources to help its members succeed in real estate investing.

BiggerPockets provides educational content, networking capabilities and software tools to its members and the real estate investor community. The company’s membership has soared over the past several years, and now stands at nearly 1.2 million new and aspiring real estate investors. “There’s a steadily growing online community interested in building wealth and generating passive income,” said Scott Trench, CEO of BiggerPockets. “An informed approach to real estate investing is one of the most effective and proven paths towards personal wealth creation. McCarthy Capital will be a great partner as we strive to invest more resources in helping our members make the best decisions possible as they build their real estate portfolios.” 

“I’m very excited to partner with McCarthy Capital” said Joshua Dorkin, BiggerPockets Founder. “Adding a team of professionals to join the board is one of the biggest developments for the company in a long time.”  Josh will remain an investor and board member in the company.

BiggerPockets plans to invest in the creation of new resources to help investors connect with the content, tools and service professionals needed to purchase real estate investments that will help build private wealth in pursuit of financial freedom. The company was represented by GLC Advisors in facilitating the partnership.


“We are excited to partner with the management team of BiggerPockets,” said Chase Meyer, Principal at McCarthy Capital. “BiggerPockets is a trusted brand with a track record of equipping its members with the knowledge and tools needed to succeed in real estate investing.  We look forward to helping the company continue to add value to its platform for its members.”

About BiggerPockets.com
BiggerPockets.com is an online resource for investors looking to build wealth through real estate investing. The more than 1 million real estate investors using the BiggerPockets’ platform partake in regular discussion and debate about best practices across a broad array of real estate and wealth-building topics. The company produces free to consume educational content across written, audio and video channels, provides tools and networking solutions to paying subscribers and facilitates connections between investors and real estate professionals, such as lenders and agents.

About McCarthy Capital
McCarthy Capital Fund VI is managed by McCarthy Partners Management, LLC, a registered investment advisor that conducts business as McCarthy Capital. McCarthy Capital, headquartered in Omaha, NE, is focused exclusively on lower middle-market companies. For more than 30 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information about McCarthy Capital, please visit www.mccarthycapital.com.

GLC TECHNOLOGY GROUP

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors.  GLC’s tech team specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, capital raising including placements of debt and equity, and other corporate finance advisory services.  The GLC tech team has decades of technology M&A and capital markets experience, closed transactions representing billions of dollars in aggregate transaction value and has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.

Adam T. Haynes  /  Managing Director  /  Adam.Haynes@glca.com  /  303.479.3842
David J. Bluth  /  Managing Director  /  David.Bluth@glca.com  /  303.479.3855
Jim C. Williams  /  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: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

1512 Larimer St.  /  Denver, Colorado 80202  /  www.glca.com

© 2018 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.
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TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as the exclusive financial advisor to Western States Bank in the sale of its three branches to Sandhills State Bank

November 3, 2018

On November 3, 2018, it was announced that Bassett, NE-based Sandhills State Bank signed an Agreement to acquire the Wauneta, Grant, and Ogallala branch locations from Laramie, WY-based Western States Bank. As of June 30, 2018, the three branch locations had a total of $65 million in deposits. Financial terms of the transaction have not been disclosed.

GLC Advisors & Co., LLC acted as the exclusive financial advisor to Western States Bancorporation and Western States Bank in connection with the transaction.

Western States Bank was established in 2006 and currently operates 13 branches across Colorado, Nebraska, and Wyoming by providing a full range of deposit and loan services to its personal and business customers. As of September 30, 2018, Western States had $519 million in assets, $388 million in loans, and $463 million in deposits.

Sandhills State Bank, a $235 million asset banking institution, operates nine locations in the North Platte and
Scottsbluff, NE MSAs (MSA defined as Metropolitan Statistical Area).

GLC Advisors & Co. - Financial Services Group

GLC’s Denver-based Financial Services Group has 35+ years of collective M&A experience in the Financial Services Industry while completing 80+ successful transactions and financing engagements and 90+ valuations and strategic advisory assignments. The team has been consistently ranked as one of the most active M&A groups in the nation by SNL Financial LC and frequently speaks at industry conferences and conventions, including state banking associations.

GLC ADVISORS & CO.

GLC Advisors & Co. 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. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companie

FINANCIAL SERVICES GROUP

Adam C. Fiedor  /  Managing Director  /  Adam.Fiedor@glca.com  /  303.479.3845
Michael D. Richter  /  Managing Director  /  Michael.Richter@glca.com  /  303.479.3844
Mike P. Fleschner  /  Vice President  /  Michael.Fleschner@glca.com  /  303.479.3846
Bradley J. Hale  /  Analyst  /  Bradley.Hale@glca.com  /  303.479.3851

1512 Larimer St.  /  Denver, Colorado 80202  /  www.glca.com

© 2018 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.
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TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as the exclusive financial advisor to Verus Bank in its sale to Citizens Bank of Kansas

September 24, 2018

On September 24, 2018 it was announced that Derby, KS-based Verus Bank signed an Agreement and Plan of Reorganization to merge with Kingman, KS-based Citizens Bank of Kansas. Financial terms of the transaction have not been disclosed.

GLC Advisors & Co., LLC acted as the exclusive financial advisor to First Team Resources Corp. and Verus Bank in connection with the transaction.

Citizens Bank's Chairwoman, Jane Deterding, Citizens Bank's CEO, Mark Keeny, and Amy Keeny will remain majority shareholders of Citizens Bank's holding company, King Bancshares, Inc. The Chase family, who is the majority shareholder of Verus Bank through it holding company, First Team Resources Corporation, will have ownership in King Bancshares after the transaction closes.

Kevin Chase, Verus Chairman and CEO, says "We believe this is good for all involved," and he believes customers are "going to appreciate that we're partnering with another community, family-owned bank. We feel like we need to be a bigger institution to remain competitive and to take care of our customers."

Verus president Kyle Russell will be president after the merger is complete in early 2019. Citizens Bank has announced that all employees of both banks will be retained.

The Verus brand will remain in place for the time being and will be known as Verus Bank, a branch of Citizens Bank of Kansas during that time.

Verus Bank, a Kansas state chartered institution, was established in 1974 and operates five locations in Derby, Augusta, and El Dorado. Verus Bank provides a full range of deposit and loan services to its personal and business customers. At June 30, 2018, Verus Bank had $143 million in assets, $95 million in loans, and $128 million in deposits.

Citizens Bank of Kansas, a $238 million asset banking institution operates through six locations near and in the Wichita MSA including Kingman, Medicine Lodge, Winfield, and Pretty Prairie.

GLC Advisors & Co. - Financial Services Group

GLC’s Denver-based Financial Services Group has 35+ years of collective M&A experience in the Financial Services Industry while completing 80+ successful transactions and financing engagements and 90+ valuations and strategic advisory assignments. The team has been consistently ranked as one of the most active M&A groups in the nation by SNL Financial LC and frequently speaks at industry conferences and conventions, including state banking associations.

GLC ADVISORS & CO.

GLC Advisors & Co. 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. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companie

FINANCIAL SERVICES GROUP

Adam C. Fiedor  /  Managing Director  /  Adam.Fiedor@glca.com  /  303.479.3845
Michael D. Richter  /  Managing Director  /  Michael.Richter@glca.com  /  303.479.3844
Mike P. Fleschner  /  Vice President  /  Michael.Fleschner@glca.com  /  303.479.3846
Bradley J. Hale  /  Analyst  /  Bradley.Hale@glca.com  /  303.479.3851

1512 Larimer St.  /  Denver, Colorado 80202  /  www.glca.com

© 2018 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.
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TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as a placement agent to Capital Alignment Partners

July 20, 2018

On July 20, 2018 it was announced Capital Alignment Partners, with offices in Nashville, TN and Newport Beach, CA (the “Fund” or “Capital Alignment”), successfully completed its fundraise for Capital Alignment Partners III, L.P. (“CAP III”)

GLC Advisors & Co., LLC acted as a placement agent to Capital Alignment Partners in connection with the fundraise for CAP III.

This latest fund will enable Capital Alignment to continue to support entrepreneur-backed and privately held businesses in the lower middle market. Capital Alignment Partners focuses on providing capital solutions to companies with revenues under $150 million. The Fund’s targeted investments includes both debt and direct equity investments.
The Fund is licensed as an unleveraged SBIC under the SBIC Act. The SBIC program was designed to increase the availability of capital for small and middle-market companies to stimulate economic growth and job creation.

GLC Advisors & Co. - Financial Services Group

GLC’s Denver-based Financial Services Group has 35+ years of collective M&A experience in the Financial Services Industry while completing 80+ successful transactions and financing engagements and 90+ valuations and strategic advisory assignments. The team has been consistently ranked as one of the most active M&A groups in the nation by SNL Financial LC and frequently speaks at industry conferences and conventions, including state banking associations.

GLC ADVISORS & CO.

GLC Advisors & Co. 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. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companie

FINANCIAL SERVICES GROUP

Adam C. Fiedor  /  Managing Director  /  Adam.Fiedor@glca.com  /  303.479.3845
Michael D. Richter  /  Managing Director  /  Michael.Richter@glca.com  /  303.479.3844
Mike P. Fleschner  /  Vice President  /  Michael.Fleschner@glca.com  /  303.479.3846
Bradley J. Hale  /  Analyst  /  Bradley.Hale@glca.com  /  303.479.3851

1512 Larimer St.  /  Denver, Colorado 80202  /  www.glca.com

© 2018 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.
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TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as the exclusive financial advisor to 365 Connect in its acquisition of uCribs

September 27, 2017

NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today the acquisition of uCribs, the largest search site dedicated to apartments near universities. The acquisition will expand the reach of 365 Connect into off-campus housing markets throughout the nation, adding millions of rental units to its marketing platform.

uCribs is one of the most unique housing search engines in the industry, enabling renters to search for apartments based on the location of their university. With Gen-Z renters primarily in mind, uCribs curates its own property listings by working directly with landlords and select data partners to provide a one-stop shop for its users. With its robust data capture infrastructure, uCribs measures housing trends across college campuses, sharing insights with its growing audience who want to understand the off-campus rental housing market.

365 Connect, founder and CEO, Kerry W. Kirby stated, We are excited to add uCribs to the already robust marketing automation solutions we provide to the apartment industry. As the demand for data-driven marketing tools is rapidly increasing, uCribs will add valuable market insights to our platform in an underserved sector. This acquisition aligns perfectly with our strategy to bring efficiency to the multifamily housing industry by consolidating marketing, transactional, and service components into a unified solution.”

The acquisition builds on a data exchange partnership the two companies developed over the last year, where 365 Connect’s Marketing Syndication Platform distributed rental inventory listings with real-time pricing and availability to uCribs. With the acquisition, 365 Connect can further the scope of its platform to serve the off-campus housing market with data-rich marketing, analytical, and transactional tools.

Tom Gooding, lead investor of the London-based investment group that founded uCribs explained, “We’re proud of our successes since launching uCribs five years ago. We set out with a single goal of becoming the largest apartment search site dedicated to locating housing near universities. Today, uCribs has more high-quality listings surrounding college campuses than any other apartment search site, making it the best source for finding housing and neighborhood related information. The acquisition by 365 Connect presents exciting opportunities to execute our core vision on a much grander scale, as 365 Connect has the reach and resources to take uCribs to the next level.”

365 Connect will transition uCribs technology, product development, operations, sales, and customer-support groups into its own operations to ensure continuity of services. Plans include fully integrating uCribs with its marketing automation and analytics platform, User Experience and User Interface Design (UI/UX) enhancements, and creating package offerings of transactional resident lifecycle products.

365 Connect acquired the assets of uCribs in an all-cash transaction. Adam Haynes and David Bluth, managing directors of GLC Advisors & Co. Technology Mergers and Acquisitions Team, served as exclusive advisors to 365 Connect.

ABOUT UCRIBS: uCribs is an apartment search engine designed for renters who are looking to live near college campuses.uCribseliminates the frustration of finding places near universities by providing a comprehensive selection of apartments, user-friendly interface, and robust marketplace for searching renters to find their next home. Founded in 2013 with a mission to change how students find off-campus housing, uCribs has become the largest search site dedicated to rentals near universities. For more information, visit: www.ucribs.com

ABOUT 365 CONNECT: 365 Connect was founded in 2003 with an unwavering commitment to transforming how apartment communities market, lease, and retain residents. As a leading provider of award-winning technology platforms for the multifamily housing industry, we deliver a fully-integrated suite of comprehensive solutions that automate marketing, simplify transactions, and serve residents after the lease is signed. 365 Connect allows its clients infinite expansion, robust integrations, and the ability to revolutionize user experiences

GLC TECHNOLOGY GROUP

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors.  GLC’s tech team specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, capital raising including placements of debt and equity, and other corporate finance advisory services.  The GLC tech team has decades of technology M&A and capital markets experience, closed transactions representing billions of dollars in aggregate transaction value and has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.

Adam T. Haynes  /  Managing Director  /  Adam.Haynes@glca.com  /  303.479.3842
David J. Bluth  /  Managing Director  /  David.Bluth@glca.com  /  303.479.3855
Jim C. Williams  /  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: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

1512 Larimer St.  /  Denver, Colorado 80202  /  www.glca.com

© 2018 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.
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TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as the exclusive financial advisor to Cartegraph in its growth investment from Pamlico Capital

September 19, 2017

Pamlico Capital ("Pamlico") and the management team of Cartegraph Systems, Inc. ("Cartegraph" or the "Company"), a provider of SaaS-based asset management solutions to local governments, announced today that Pamlico has completed a growth investment in the Company. CEO Jake Schneider and the Cartegraph management team will continue to lead the growth of the Company moving forward. Specific terms of the transaction were not disclosed.

Based in Dubuque, IA, Cartegraph devotes itself to cities, counties, and government agencies seeking to be more effective, efficient, and productive in their daily operations. The Company builds software that empowers users to capture infrastructure asset data, analyze it, and use it to prepare for the future.


“Cartegraph is at a great moment on our journey to building high-performance government. Our team and our technology are the best they’ve ever been—and we have some big ideas to continue to grow,” said Jake Schneider, Cartegraph President and CEO. “After getting to know the team from Pamlico, I’m confident they share our vision and are absolutely the right partner for this next chapter of Cartegraph’s story.”


“Pamlico was seeking a technology investment focused on the local government market, as we see tremendous opportunity for increased efficiencies in cities and counties, which can be accelerated through software adoption.  When we met the Cartegraph management team, we knew they were passionate about this opportunity,” said Eric Wilkins, Pamlico Partner.  Christiane Felts, Pamlico Vice President added, “We look forward to driving additional core product innovation, while also expanding the existing offering to more broadly address the asset management and business operations needs of Cartegraph’s civic clients.”

Pamlico invested in Cartegraph in partnership with founder Scott Taylor. Scott will remain as an ongoing shareholder, consistent with Pamlico’s desire to partner with and grow founder-owned businesses.

“It has been such a privilege to grow this business for nearly 23 years,” said Taylor. “I truly believe that Cartegraph is revolutionizing the way local government operates. The company is primed for growth and this investment from Pamlico is coming at the right moment. I am excited for Cartegraph’s continued success.”

Cartegraph was advised by GLC Advisors (exclusive financial advisor) and Bryan Cave LLP (legal advisor). Pamlico was advised by Alston & Bird LLP (legal advisor).

GLC TECHNOLOGY GROUP

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors.  GLC’s tech team specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, capital raising including placements of debt and equity, and other corporate finance advisory services.  The GLC tech team has decades of technology M&A and capital markets experience, closed transactions representing billions of dollars in aggregate transaction value and has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.

Adam T. Haynes  /  Managing Director  /  Adam.Haynes@glca.com  /  303.479.3842
David J. Bluth  /  Managing Director  /  David.Bluth@glca.com  /  303.479.3855
Jim C. Williams  /  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: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

1512 Larimer St.  /  Denver, Colorado 80202  /  www.glca.com

© 2018 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.
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TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as the exclusive financial advisor to Tiempo Development in its recapitalization with Alerion Capital Group

May 30, 2017

Tiempo Development™ a leading nearshore software development outsourcing company announced today that is has completed a strategic investment to fuel growth from Alerion Capital Group. Alerion is an equity and management advisory firm investing in technology product and service providers.

Since its founding in 2006, Tiempo has built a strategy centered around the needs of its U.S.-based clients who require a combination of nearshore software development talent, based on agile methodologies and cultural affinity. The nearshore leader has become a trusted partner to businesses in B2B, High Technology, Finance, Healthcare, Education, Security, Transportation and other industry sectors. Tiempo is experiencing exponential growth in 2017 as they enter their second decade in business.

Tiempo is led by Cliff Schertz, Founder, President and Chief Executive Officer, who previously founded and headed Camisa Technologies, a leader in integrating customer relationship management (CRM) software solutions. The company was represented by GLC Advisors in facilitating the partnership.

“Tiempo is well-positioned to respond to the tremendous growth and demand we are seeing industry-wide,” said Schertz. “The investment from Alerion Capital supports our continued commitment to providing additional technology services and growing brand awareness, while adding talent to continue delivering the best nearshore outsourcing development services available in the industry.”

Alerion Capital Group is the sole investor in this private equity round of investment. Alerion Founding Principal, James Unruh, formerly the Chairman and CEO of Unisys Corporation is supported by partners, Rick DeAvila and Jeff Unruh who bring related technology experience and have also joined the Tiempo Development board of directors.

“Technology is quickly evolving and so are the demands on businesses; this drives our passion for companies that are bringing new approaches to streamlining innovation. At Tiempo, we see exactly that,” said James Unruh. “We are excited to partner with Tiempo as they continue to provide powerful outcomes for their clients across North America and look forward to contributing to their success.”

About Tiempo Development
At Tiempo Development, we are making the business of software development easier and more affordable with a unique combination of a nearshore business model, agile methodology, and advanced talent management. Tiempo’s proprietary agile product lifecycle management framework called Tiempo Quality System or TQS is composed of principals and best practices that ensure productive client and team interactions and as a result, efficient software development. To learn more, visit www.tiempodev.com or contact Tiempo Development.

About Alerion Capital Group
Alerion Capital Group is a private equity and management advisory firm. Alerion invests in middle-market companies with a focus on technology products and service providers. Alerion derives from an eagle rising-up and signifies our ability to assist companies in soaring to new heights of business performance, leveraging the group’s extensive management experience at leading technology companies. The Power of Capital and the Insight of Experience © www.alerion.com.

GLC TECHNOLOGY GROUP

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors.  GLC’s tech team specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, capital raising including placements of debt and equity, and other corporate finance advisory services.  The GLC tech team has decades of technology M&A and capital markets experience, closed transactions representing billions of dollars in aggregate transaction value and has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.

Adam T. Haynes  /  Managing Director  /  Adam.Haynes@glca.com  /  303.479.3842
David J. Bluth  /  Managing Director  /  David.Bluth@glca.com  /  303.479.3855
Jim C. Williams  /  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: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

1512 Larimer St.  /  Denver, Colorado 80202  /  www.glca.com

© 2018 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.
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TRANSACTION ANNOUNCEMENT

GLC Advisors & Co., LLC acted as the exclusive financial advisor to RAS & Associates in its sale to Perficient, Inc.

January 4, 2017

SAINT LOUIS, MO (January 4, 2017) - Perficient, Inc. (NASDAQ: PRFT) ("Perficient"), the leading digital transformation consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced it has acquired RAS & Associates, LLC ("RAS"), a Denver-based $9 million annual services revenue management consultancy with deep expertise in strategy, operations and business process optimization consulting.

The acquisition is expected to be accretive to adjusted earnings per share immediately. The company was represented by GLC Advisors in facilitating the partnership.


"We are excited to continue to strengthen our management consulting expertise with the strategic acquisition of RAS & Associates," said Jeffrey Davis, Perficient's chief executive officer and president. "The capabilities RAS & Associates bring to Perficient broaden and deepen our high-impact business consulting offerings, and most importantly, the value we can deliver to our enterprise customers. Furthermore, their engagements and relationships often lead to significant and subsequent technology investment in areas we already excel, including systems integration, data reporting and analytics."

The acquisition of RAS & Associates:
Enhances and expands Perficient's management consulting offerings with additional strategy, operations and business process optimization consulting; Increases Perficient's presence in the Rocky Mountain region and in the enterprise-rich Denver market; Adds approximately 40 consulting, technology, sales and G&A professionals; and Brings strategic client relationships with Fortune 500 customers in industries including Oil and Gas, Cable and Telecommunications and High-Tech.

RAS & Associates Chief Executive Officer Rob Swanson joins Perficient in a key leadership role. 
"For many years, our entrepreneurial and results-driven culture has resonated with C-level executives seeking strategic guidance on enterprise transformation," said Swanson. "We're thrilled to now join Perficient, a firm widely-regarded for its technical and creative expertise and experience - and we anticipate this coupling will accelerate opportunities to more broadly serve our combined client base."

About Perficient
Perficient is the leading digital transformation consulting firm serving Global 2000® and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient and its Perficient Digital agency deliver vision, execution, and value with outstanding digital experience, business optimization, and industry solutions. Our work enables clients to improve productivity and competitiveness; grow and strengthen relationships with customers, suppliers, and partners; and reduce costs. Perficient's professionals serve clients from a network of offices across North America and offshore locations in India and China. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. Perficient is an award-winning Premier Level IBM business partner, a Microsoft National Service Provider and Gold Certified Partner, an Oracle Platinum Partner, an Adobe Business Solution Partner, and a Platinum Salesforce Consulting Partner. For more information, visit www.perficient.com.

GLC TECHNOLOGY GROUP

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors.  GLC’s tech team specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, capital raising including placements of debt and equity, and other corporate finance advisory services.  The GLC tech team has decades of technology M&A and capital markets experience, closed transactions representing billions of dollars in aggregate transaction value and has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.

Adam T. Haynes  /  Managing Director  /  Adam.Haynes@glca.com  /  303.479.3842
David J. Bluth  /  Managing Director  /  David.Bluth@glca.com  /  303.479.3855
Jim C. Williams  /  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: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

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