Transaction Announcements – Category Posts from The Forbes M+A Group. Research via our Knowledge Base and get access to M&A articles, news, and other info.

The Forbes M+A Group Advises Novelty Lights on its Sale to American Lighting

Leading e-Commerce lighting platform focused on commercial grade products in the U.S. outdoor, seasonal, and decorative lighting market

Greenwood Village, Colo., (January 31, 2019) – The Forbes M+A Group (Forbes), a leading transaction advisory firm, served as exclusive advisor to Novelty Lights (Novelty), an e-Commerce lighting platform, on its majority interest sale to American Lighting Inc, a subsidiary of  Neo-Neon Holdings Limited. The transaction will serve to complement American Lighting’s current sales channels and supplement Novelty’s existing supply chain.

“American Lighting is an ideal partner for Novelty Lights. The combination will provide greater control over our supply chain and sales channels, ensuring a great customer experience in each transaction,” commented Tres Coors, CEO of Novelty Lights. “Forbes did a great job of guiding us through the process. Their industry knowledge, relationships with buyers, extensive transaction experience, and adaptive and creative deal making were essential in achieving an outcome that met our goals.”

“Novelty Lights’ decision to secure a strategic partner  will  position the company as an industry leader for years to come,” said Tom Schmidt, Managing Director & Partner at Forbes and Novelty Lights lead advisor. “The Forbes team was pleased to advise Novelty Lights on this transaction and achieve a great outcome.”

About Novelty Lights
Novelty Lights, a Colorado based company, was founded in 1999 as a direct importer of rope lights, holiday lights, and a variety of popular novelty lights. Since its founding, Novelty has grown into a leading e-Commerce lighting provider with a vast product line and unbeatable customer service.

About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver-based mergers and acquisitions advisory firm. The firm has a capital formation group and also serves buyers and sellers in middle-market M&A transactions. Forbes applies meticulous attention to detail helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth to maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 200 years of combined experience in transactions across a wide variety of industries. For more information regarding this transaction or The Forbes M+A Group please contact Max Eckstein.

About American Lighting
Founded in 1989, American Lighting manufactures a wide range of lighting solutions for residential, commercial, and specialty lighting needs. The company is committed to providing its customers a broad line of innovative and high-quality lighting products.

Media Contact
Max Eckstein
Max.Eckstein@ForbesMA.com
303.872.9085

The Forbes M+A Group Advises BoldLeads on its Sale to Propertybase

Leading Software-as-a-Service (SaaS) real estate lead generation technology platform.

Greenwood Village, Colo., (January 29, 2019) – The Forbes M+A Group (Forbes), a leading transaction advisory firm, served as exclusive advisor to BoldLeads.com (BoldLeads), a leading SaaS-based real estate lead generation technology platform, on its sale to Propertybase, a portfolio company of Providence Strategic Growth (PSG), an affiliate of Providence Equity Partners.

Founded in 2014, BoldLeads provides lead generation and marketing automation services for residential real estate agents in the U.S. and Canada through its industry leading, scalable, proprietary SaaS technology platform. The BoldLeads platform generates and cultivates online buyer/seller leads for real estate brokers or agents, resulting in the highest lead generation ROI in the industry. By delivering quality leads and driving them through conversion, the Company has seen explosive growth in recent years, servicing thousands of clients in North America and generating over 1 million leads per year.

“Given the rapid growth of our Company, we needed an advisor who would tell our story and help us maximize the value we created by finding a partner who intimately understood the SaaS-based real estate lead generation industry and supported our growth,” said BoldLeads CEO Christine Crane. “We selected Forbes because of their excellent reputation, and they exceeded every expectation by taking the time to understand our objectives, delivering the best possible partner and terms.”

“With real estate tech companies disrupting the traditional real estate ecosystem,” said Bob Forbes, President of Forbes and BoldLeads’ lead advisor, “Companies like BoldLeads are attracting major interest from investment groups who recognize this growing market opportunity, as well as the real estate incumbents that see the strategic value of RE Tech and PropTech within the industry going forward.” In addition to Bob Forbes, the BoldLeads advisory team included Bill Nack, Managing Director & Partner, JJ Lane, Senior Associate, and Tom Willen, Analyst.

About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver-based mergers and acquisitions advisory firm. The firm has a capital formation group and also serves buyers and sellers in middle-market M&A transactions. Forbes applies meticulous attention to detail helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth to maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 200 years of combined experience in transactions across a wide variety of industries. For more information regarding this transaction or The Forbes M+A Group please contact Max Eckstein.

About Propertybase
Propertybase, a portfolio company of Providence Strategic Growth (“PSG”), is a developer of a web-based customer relationship management (“CRM”) software intended for real estate agents. The company is headquartered in Boston, Massachusetts.

About Providence Strategic Growth
Providence Strategic Growth is an affiliate of Providence Equity Partners and is investing out of its third fund, with $1.3 billion of total capital. Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence Equity Partners is a premier global asset management firm with approximately $60 billion in capital under management across complementary private equity and credit businesses. Since the firm’s inception in 1989, Providence has invested in more than 160 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London.

Media Contact
Max Eckstein
Max.Eckstein@ForbesMA.com
303.872.9085

The Forbes M+A Group Announces Successful Sale of Utah Cabinet and Countertop Company

Greenwood Village, CO (November 30, 2018) – The Forbes M+A Group, a leading transaction advisory firm, served as an adviser and consultant to Chris & Dick’s Cabinets and Countertops LLC, a leading provider of cabinet and countertop installation services in the Salt Lake City market, on its acquisition by Interior Specialists, Inc. The terms of the investment were not disclosed.

“Working with great companies like Chris & Dick’s is exactly why we opened our new Utah office based in Salt Lake City,” said Bob Forbes, President and Founder of The Forbes M+A Group.  “The Utah market is one of the hottest in the country for middle-market transactions.  At Forbes M+A we have always enjoyed working with the best businesses to tell their own unique stories.  Our extensive process, networks, and expertise enabled us to identify the perfect companies within this universe and bring them to the table.”

ISI CEO Alan Davenport said, “We are excited to welcome the Chris & Dick’s team to the ISI family and to bring their collective history of success and experience to the organization. Chris & Dick’s embodies the customer focused approach that has made ISI the nation’s largest provider of interior finish products and design center management services. This acquisition will further expedite ISI’s growth in Utah after we had established an ISI operation there in 2017.”

“The partnership with the Chris & Dick’s team will make a powerful combination to serve the flooring, cabinet and countertop turnkey installation needs of our customers and to introduce ISI’s industry leading design center technology to the Utah market,” said Jeff Trapp, ISI’s Senior VP of National Sales.

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves sellers or buyers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the Company, please visit: www.forbesma.com or (303)770.6017.

Media Contact:  Max Eckstein +1(303)872.9085, Max.Eckstein@ForbesMA.com

The Forbes M+A Group Announces Successful Sale of Colorado Skylight Manufacturer

Greenwood Village, CO (September 30, 2018) – The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, AIA Industries by Ogdon Ventures.

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Forbes M+A Advises on a Successful Partnership for PASCO, Colorado’s Leading Home Health Care Provider

Greenwood Village, CO, United States (December 15, 2017)  The Forbes M+A Group (“Forbes”), a leading transaction advisory firm, acted as exclusive advisor to PASCO on its partnership with TEAM Risk Management Strategies and Acumen Fiscal Agent, two portfolio companies of Alpine Investors.  The terms of the partnership were not disclosed.

“PASCO selected The Forbes M+A Group amongst competing advisory firms because of their reputation for identifying excellent strategic partners and the great advice Forbes offered before even being officially engaged.  Also, they deeply understood the home health and home and community based services space. This understanding allowed Forbes to identify the best potential organizations and approach to partnering for the long term success of PASCO supporting the clients we serve. I am beyond pleased with the ultimate outcome achieved through their process,” said PASCO CEO Ryan Zeiger.

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The Forbes M+A Group Announces Successful Acquisition of Colorado Lawn Care and Tree Service Client, Swingle, Inc.

Greenwood Village, CO, United States (October 6, 2017) – The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, Swingle, Inc. by SavATree.

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Forbes M+A Announces Successful Acquisition of Professional Services Client, ENVISION Business Consulting

Greenwood Village, CO, United States (July 31, 2017) – The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, Envision Business Consulting. Through a majority investment by Bow River Capital, Envision will be combining with Strong-Bridge Consulting. With deeper service offerings and an extended geographic footprint, the new company is positioned to deliver greater value and benefits to more clients across the country.

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The Forbes M+A Group Represents Performance Mobility in Acquisition by United Access

Greenwood Village, Colo., United States (March 9, 2017) – The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce its client, Performance Mobility, has been successfully acquired by United Access of St. Louis, Missouri. The Forbes M+A Group’s President, Bob Forbes, and Managing Director, Bill Nack, served as exclusive financial counsel for this transaction.

“Performance Mobility is a true market leader with a stellar reputation for delivering accessible transportation solutions to locations throughout the West,” said Bill Nack, Managing Director for The Forbes M+A Group. “With the acquisition of Performance Mobility, United Access is strategically positioned to dominate new markets and successfully expand delivery of its adaptive driving solutions. We are extremely pleased to have helped Performance Mobility with this transaction, which advantageously meets the goals of both companies.”

Performance Mobility LogoPerformance Mobility sells new and used wheelchair van conversions and other handicap accessible vehicles in Arizona, Colorado, Oregon, Utah, and Washington. The company improves lives by helping individuals achieve their greatest level of independence and quality of life. Founded in 1989, Performance Mobility has received numerous awards and recognitions including an active member of the National Mobility Equipment Dealers Association (NMEDA) and its quality assurance program, a BraunAbility Presidential Club award winner for four consecutive years, and a member of the Better Business Bureau.

“When it comes to orchestrating successful business acquisitions, The Forbes M+A Group is the clear choice,” said Kevin Durban, former owner of Performance Mobility. “The experienced insights and vigilant service provided by Bob, Bill and the entire team made the selling process smooth and painless. The resulting transaction met our personal and financial goals, while also ensuring our customers will continue to receive outstanding service from one of the industry’s top companies.”

United Access is an industry-leading provider of wheelchair accessible vehicles, driving systems, mobility seats, handicap lifts, and other vehicle modifications. The company serves customers in New Mexico, Texas, Oklahoma, Kansas, Missouri, Tennessee, Illinois and New York. As a market leader, the company provides the highest quality, safest and most reliable wheelchair vehicle manufacturers’ products including VMI, BraunAbility, and El Dorado handicap vans with ramps or full size vans with wheelchair lifts. In addition to product sales, United Access is a resource center for people with disabilities as well as a non-discriminatory employer for individuals with disabilities.

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com

The Forbes M+A Group Represents TouchSource in Acquisition by LK Capital

Greenwood Village, Colo., United States (February 14, 2017) – The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, TouchSource by private-equity firm LK Capital. The Forbes M+A Group’s Managing Director, Bill Nack, and President, Bob Forbes, served as exclusive financial counsel for this transaction.

“TouchSource represents the exact type of company we like to work with in business transactions,” said Bob Forbes, President at The Forbes M+A Group. “TouchSource is the clear market leader, very well run and poised for significant growth. The company’s strong management team and clean, efficient operations added to the company’s value and helped secure a successful outcome that is in the best interest of all parties.”

TouchSourceTouchSource is an industry leader in electronic directory, digital wayfinding, and public access information systems and kiosks. TouchSource systems are in high demand in the commercial office industry, healthcare, education, government and corporate settings. Its systems are designed from the ground up to be easy to install, easy to update, and easy to use. With installations across the US and Canada, TouchSource has unparalleled industry experience and expertise.

“The Forbes M+A Group was recommended to us as a company that would truly partner with us to achieve our goals,” said Mike Franklin, former President of TouchSource. “Its reputation as a partner exceeded our expectations. Bill, Bob and the entire team provided valuable insights, diligence and advice throughout the transaction process. We are very pleased with the resulting transaction.”

LK Capital is an investment office focused on private equity and real estate in Colorado. The acquisition of TouchSource provides LK Capital with the opportunity to take a prosperous business and expand it even further. “With over 5000 installations, TouchSource is a thriving and established business with incredible opportunities for growth,” said Steve Foreman, Managing Director at LK Capital. “We are looking forward to leveraging the company’s leadership position and technology to bring wayfinding technologies to an even broader set of customers and markets.”

About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com

The Forbes M+A Group Represents Nexus Corporation in Sale to Gibraltar Industries

The Forbes M+A Group is pleased to announce the successful sale of its client, Nexus Corporation, to Gibraltar Industries, Inc. (Nasdaq: ROCK) for $25 million in cash. The Forbes M+A Group’s Managing Directors, Jim Johnston and Tom Schmidt, served as the exclusive financial counsel to Nexus for this transaction.

“Nexus operates in a unique sector with tremendous opportunities for future growth,” said Jim Johnston. “We initially helped the ownership assess the company’s value in the marketplace. Then we ran a process that resulted in multiiple offers and ultimately a transaction very satisfying to our client. Gibraltar is well positioned to lead the Nexus team forward to even greater success.”

NexusWith its nearly 25 years serving the agriculture industry, Colorado-based Nexus has built a strong brand by serving the institutional and commercial markets with steel and aluminum greenhouse structures. The U.S. greenhouse structures market is estimated at approximately $250 million and is expected to grow at a 10% rate in 2017, driven by increased demand for organic locally grown food as well as demands from the commercial and institutional markets.

“The Forbes M+A Group’s transaction experience was essential in helping us plan for and execute a successful exit,” explained Cheryl Longtin Porter, retiring Nexus shareholder. “Jim and Tom’s sincere guidance and hands-on approach throughout the process made Forbes a valued partner for us. We are positive about the future of Nexus under the Gibraltar umbrella and expect Nexus to expand its offering and services in the market.”

Gibraltar Industries is a leading manufacturer and distributor of building products for industrial, infrastructure, residential, renewable energy and conservation markets. Following its 2015 acquisition of RBI, a leading supplier of greenhouses and solar racking in the US marketplace, Gibraltar is now clearly positioned as the leader in commercial greenhouse manufacturing. Gibraltar serves customers worldwide through facilities in the United States, Canada, Germany, China, and Japan.

The Forbes M+A Group specializes in providing senior-level advice to lower and middle market businesses. “Nexus has a valuable brand in a growing market,” said Tom Schmidt, Managing Director at The Forbes M+A Group. “With the acquisition of Nexus, Gibraltar gains a fantastic combination of engineering design expertise, selling capacity and market leverage. Helping our clients maximize sale opportunities like this is extremely satisfying. We are very pleased with the outcome.”

About The Forbes M+A Group

The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.

Safe Harbor Statement

Information contained in this news release, other than historical information, contains forward-looking statements and is subject to a number of risk factors, uncertainties, and assumptions. Risk factors that could affect these statements include, but are not limited to, the following: the availability of raw materials and the effects of changing raw material prices on the Company’s results of operations; energy prices and usage; changing demand for the Company’s products and services; changes in the liquidity of the capital and credit markets; risks associated with the integration and performance of acquisitions; and changes in interest and tax rates. In addition, such forward-looking statements could also be affected by general industry and market conditions, as well as general economic and political conditions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulation.

Media Contact: Lisa Holmes +1 (303) 770-6017, lisa@ForbesMA.com