Business Services & Industrials M&A Update Q2 2025


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GLC’s Business Services and Industrials Team

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

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

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

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

GLC’s Business Services and 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 working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2025 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Business Services & Industrials M&A Update Q1 2025


Please use the link below to subscribe to future newsletters:
SUBSCRIBE TO THE NEWSLETTERS

GLC’s Business Services and Industrials Team

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

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

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

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

GLC’s Business Services and 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 working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2025 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.

Software Capital Markets Report Q1 2025


GLC’s Technology Team:

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. 

David Bluth
Managing Director
303.479.3855
David.Bluth@glca.com 

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

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

About GLC Advisors & Co, LLC

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

Securities offered through GLC Securities LLC, Member FINRA, SIPC
© 2025 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.

Software Capital Markets Report Q4 2024


GLC’s Technology Team:

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. 

David Bluth
Managing Director
303.479.3855
David.Bluth@glca.com 

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

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

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2024 GLC. All rights reserved. This material may not be reproduced in any format by any means or redistributed without the prior written consent of GLC. GLC gathers its data from sources it considers reliable; however, it does not guarantee the accuracy or completeness of the information within this presentation. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No investment, divestment or other financial decisions or actions should be based solely on the information in this presentation and GLC is not, by making this report available, providing investment, legal, tax, financial, accounting or other advice to you or any other party. GLC may from time to time provide investment banking or related services to companies referenced in this presentation.

Financial Advisor to 40AU

Transaction Closing Announcement

Received an investment from

GLC served as the exclusive financial advisor to FortyAU

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.



GLC Technology Group 
GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.

David Bluth  /  Managing Director
David.Bluth@glca.com  /  303.479.3855

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

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

GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, Denver, Los Angeles, and San Francisco.

Business Services & Industrials M&A Update Q2 2024


Please use the link below to subscribe to future newsletters:
SUBSCRIBE TO THE NEWSLETTERS

GLC’s Business Services and Industrials Team

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

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

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

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

Marcus Fenimore
Associate
720.543.3009
Marcus.Fenimore@glca.com

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 working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2024 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.

Software Capital Markets Report Q2 2024


GLC’s Technology Team:

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. 

David Bluth
Managing Director
303.479.3855
David.Bluth@glca.com 

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

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

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2024 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.

Software Capital Markets Report Q2 2024


GLC’s Technology Team:

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. 

David Bluth
Managing Director
303.479.3855
David.Bluth@glca.com 

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

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

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2024 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.

IT Services Capital Markets Report Q1 2024


GLC’s Technology Team:

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. 

David Bluth
Managing Director
303.479.3855
David.Bluth@glca.com 

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

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

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2024 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.

Software Capital Markets Report Q1 2024


GLC’s Technology Team:

GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors. GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. 

David Bluth
Managing Director
303.479.3855
David.Bluth@glca.com 

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

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

About GLC Advisors & Co, LLC

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

Securities offered through GLCA Securities LLC, Member FINRA, SIPC
© 2024 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.