Transaction Announcement
UnionWare and MemberTrak, providers of mission- critical software tailored to the unique needs of unions, have been acquired by Valsoft, a Canadian company specializing in the acquisition and development of vertical market software businesses. UnionWare provides fully integrated labor management and payments solutions, and MemberTrak offers easy-to-use, reliable software for trade union membership record-keeping, communication, dues tracking, and reporting.
This dual acquisition brings decades of specialized industry expertise to solidify Valsoft’s presence in the association management software space.
“Joining Valsoft is a great step for UnionWare and MemberTrak. The people at Valsoft understand what makes our business special and are committed to supporting our clients with continuity and care, while also opening the door to innovation and operational support.”
Matt Vice
Head of UnionWare and MemberTrak
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
303-479-3855
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
212-542-4555
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.
25+ Years
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
212-542-4550
Jim Williams is a Managing Director at GLC Advisors and a senior member of the firm's Technology investment banking practice. He advises software and tech-enabled services companies on mergers and acquisitions, recapitalizations, and private capital raises, with a particular focus on entrepreneur-owned and founder-led businesses.
Over the course of his investment banking career, Mr. Williams has helped business owners, management teams, and investors navigate critical strategic decisions and liquidity events, including company sales, ownership transitions, growth financings, and acquisitions. His experience is concentrated in B2B and B2G software, including vertical application and workflow software, as well as IT services and tech-enabled services businesses.
He works closely with clients through pivotal moments in the life of a company, helping them evaluate strategic alternatives, position their businesses effectively, and achieve successful outcomes. His experience advising software and technology businesses provides him with a deep understanding of the factors that drive valuation and buyer interest, including recurring revenue quality, customer retention, workflow criticality, and scalable growth.
Mr. Williams understands that for many business owners, a transaction is more than a financial event. It often represents the culmination of years, and sometimes decades, of work building a company. He works to understand each client's objectives and priorities, helping them navigate complex transactions with a focus on achieving exceptional outcomes.
Prior to joining GLC, Mr. Williams was a Director in KPMG Corporate Finance LLC's Technology, Media & Telecommunications investment banking group and previously served as a Vice President with St. Charles Capital, a technology-focused investment bank acquired by KPMG in 2014. Earlier in his career, he practiced law, advising clients on corporate, securities, and commercial matters.
Mr. Williams holds a Juris Doctor from the University of San Diego School of Law and dual Bachelor of Science degrees in Finance and Accountancy from Villanova University. He is a member of the Colorado Bar Association.
Mr. Williams has completed the following FINRA Administered Qualification Examinations (Series 24, 62, 63, & 79).
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