Uncategorized – 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 Automotive Titling Corporation (ATC) on its Sale to Polaris Growth Fund

Leading provider of out-of-state tax, title, and registration (TTR) software as a service (SaaS), data, and related services for the automotive industry

Denver, Colorado (January 12, 2021)The Forbes M+A Group (Forbes), a leading middle market transaction advisory firm, is pleased to announce its client, Automotive Titling Corporation (ATC), has successfully been acquired by Polaris Growth Fund, a software-focused specialized affiliate fund of Polaris Partners, a Boston-based private investment firm.

“Besides getting premium value and terms, my goal was to find the perfect buyer to take over the incredible organization we had built.  The bar I set for the transaction seemed insurmountable, particularly during the coronavirus pandemic,” said Ken Alley, Founder, and CEO of Automotive Titling Corporation. “The team at Forbes showed incredible tenacity and focus throughout our process, resulting in the ideal buyer and a very positive outcome for me and ATC.”

Bob Forbes, President at Forbes and ATC’s lead advisor, states “Despite the challenges we faced in 2020, we are thrilled to have been able to open doors for our client. The journey to find the right buyer wasn’t a simple one, but we found Polaris was not only experienced within the industry, but fit well with our client culturally,” Forbes added, “The SaaS and data solution markets were highly attractive to buyers, strategics, and major investment groups, for the growth of the industry and demand for accurate data are on the rise.”

Bill Nack, Managing Director/Partner at Forbes and co-advisor, additionally commented, “It was an honor to work with Ken Alley and ATC. This process allowed important strategic partnerships to advance the company to the next level,” Nack stated, “ATC is a vertically focused, leading pioneer within the industry. I am eager to see Polaris Partners add it to their existing impressive portfolio of tech companies.”

In addition to Bob Forbes and Bill Nack, The ATC advisory team included: Vice President, JJ Lane, Associate, Cassie Dobos, and Analyst, Liam Narozanick.

About Automated Titling Company

ATC is the original innovator and industry leader of out-of-state title and registration information software as a service (SaaS) for all 50 states and every county in the US. Easily incorporated in the dealer workflow, ATC offers a way to title and register leased or purchased vehicles across state lines. By utilizing ATC to power out-of-state title and registration processing services, dealers can be confident that the ownership paperwork is completed quickly and accurately, providing the best service to customers. For more information, visit autotitling.com.

About Polaris Growth Fund (PGF)

Polaris Growth Fund (PGF). PGF is a software-focused, specialized affiliate fund of Polaris Partners, a Boston-based private investment firm with two decades of technology investing experience. PGF aims to be a collaborative investment partner to companies within software/tech-enabled services who are founder owned, vertical focused and profitable growth.

About The Forbes M+A Group

The Forbes M+A Group, founded in 2004 with offices in Denver, CO, Salt Lake City, UT, and Nashville TN, is an award-winning investment bank with expertise in mergers and acquisitions, capital formation, and financial restructuring within the middle market. The group has over 15 years of experience delivering outstanding results for business owners, entrepreneurs, and investors. Advisors at The Forbes M+A Group have 250+ years of combined experience in international transactions across a wide variety of industries. The Forbes M+A Group has been recognized as a leader within the middle market as a regional M&A Firm of the Year for the past 5 years. For more information, please visit us at www.forbesma.com or phone at (303) 770-6017.

Media Contact: Sara Cody | +1 (303) 558-1462 | Sara.Cody@ForbesMA.com

 

 

 

2021 M&A Outlook

Salt Lake City, UT (December 9, 2020): The Forbes M+A Group hosted a webinar earlier this month alongside intermountain west regional leaders in the private equity, legal advisory and commercial banking space.  The group held a very informative discussion on the 2020 transaction environment, outlook for M&A in 2021 and implications for executives seeking to transact over the coming months.

Key takeaways included:

  • Stabilized transaction landscape by Q3, 2020, both active in closed deals and reasonable valuation levels
  • Strong levels of capital availability across the capital structure; continued historically high participation in the middle market by private equity investors
  • Attractive macro outlook driving expectations for activity in 2021, although short-term risks may imply a need for flexibility in transaction timetables
  • Potential sellers have a unique opportunity to prepare now from a diligence, organizational planning , and positioning perspective to engage with investors in the new year

The Forbes M+A Group is a mid-market M&A leader with the experience and execution resources to help companies as they seek to transact, and/ or raise new capital.  We look forward to speaking further as you consider your options during the upcoming year.

If any questions, please reach out to James Morgan at james.morgan@forbesma.com.

 

Digital Gaming Report – Fall 2020

The wild ride that has been the Great Gaming Boom of 2020 continued in Q3 and through the early part of Q4 (as of publishing) with drama, deals, and unprecedented consumer demand. The heavyweight bout between Apple and Epic rages on, while Unity blew away expectations with their IPO, and Microsoft got serious, acquiring ZeniMax (Bethesda). Consumers are scrambling for the Next-Gen consoles and heading into Christmas, the supply / demand curve is horribly askew as PlayStation 5s are selling for over $1k (double retail) on the secondary market as retailers lack inventory and Sony’s production concerns from a few months ago appear to be coming to fruition. Buckle up as this ride is showing no signs of slowing down.” 

JJ Lane – Head of Digital Gaming Group

 

M&A Capital Market Update Q3 2020

 

The Forbes M+A Group Advises Evergreen Home Healthcare on its Sale to Aveanna Healthcare a Portfolio Company of Bain Capital

Denver, Colorado (October 29, 2020)The Forbes M+A Group (Forbes), a leading middle market transaction advisory firm, is pleased to announce its client, Evergreen Home Healthcare (Evergreen), has successfully been acquired by Aveanna Healthcare, a portfolio company of Bain Capital.

“I am happy to have found such a great team to lead us through this exit. Forbes really took the time to internalize our goals, which varied from shareholder to shareholder, and created a process that met the needs of all of us,” said Aaron Ellsworth, Co-Founder, and CEO of Evergreen Home Healthcare. “The Forbes team was targeted in their marketing and found a buyer that really valued what my partners and I have built, even amidst this challenging environment. We are excited to become a part of Aveanna and are eager to see them take Evergreen to the next level.”

Bill Nack, Managing Director & Partner at Forbes and Evergreen’s lead advisor, states ”It was an honor to represent a client such as Evergreen Home Healthcare,” Mr. Nack added, “Their management team, approach to patient care, and continued growth within their markets was highly attractive to buyers within the home healthcare space. Despite challenges 2020 confronted us with, we were able to drive the process quickly and efficiently from start to finish.”

Blake Shear, Director at Forbes and co-advisor, additionally commented, “Evergreen Home Healthcare’s breadth of services and reputation for exceptional patient care has made them a leader in Colorado,” Mr. Shear stated, “With the acquisition of Evergreen, Aveanna Healthcare will be able to quickly expand market share in this Medicaid friendly state and enable Evergreen to reach new heights.”

About Evergreen Home Healthcare

Evergreen Home Healthcare, LLC is a locally owned and operated company founded in 2007, located on the front range of Colorado. Since 2007, Evergreen Home Healthcare, LLC has helped hundreds of patients of all ages with a multitude of medical needs and conditions, receive the home care they need. Evergreen provides comprehensive home healthcare, including acute care and long-term medical care, specialized pediatric care, and more from compassionate caregivers.

About Aveanna Health Care

Aveanna Healthcare has helped set the standard for highly skilled in-home nursing services, raising the level of clinical expertise in the home care community. Aveanna’s broad range of services expands beyond in-home private duty nursing care to include in-home aide services, respite care, school nurse services, therapies, and rehabilitation.

About Bain Capital

Bain Capital is one of the world’s leading private multi-asset alternative investment firms with approximately $105 billion in assets under management that creates a lasting impact for investors, teams, businesses, and communities. Founded in 1984, Bain pioneered a consulting-based approach to private equity investing, partnering closely with management teams to offer insights that challenge conventional thinking, build great businesses, and improve operations.

About The Forbes M+A Group

The Forbes M+A Group, founded in 2004 with offices in Denver, CO, Salt Lake City, UT, and Nashville TN, is an award-winning investment bank with expertise in mergers and acquisitions, capital formation, and financial restructuring within the middle market. The group has over 15 years of experience delivering outstanding results for business owners, entrepreneurs, and investors. Advisors at The Forbes M+A Group have 250+ years of combined experience in international transactions across a wide variety of industries. The Forbes M+A Group has been recognized as a leader within the middle market as a regional M&A Firm of the Year for the past 5 years. For more information, please visit us at www.forbesma.com or phone at (303) 770-6017.

Media Contact: Sara Cody | +1 (303) 558-1462 | Sara.Cody@ForbesMA.com 

Dan Roth Joins The Forbes M+A Group

Dan Roth brings a wealth of merger and acquisition expertise, specializing in the technology and healthcare fields.

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An Afternoon with Make-A-Wish!

The Forbes team was honored to spend an afternoon with Leanna fulfilling her wish of a backyard makeover! The makeover included the addition of a concrete pathway for her walker, a pergola for shade, and an adaptive swing. Forbes has spent the past couple weeks fundraising for Leanna in order to make her dreams come true!

If you are interested in knowing more or supporting the Forbes team in their Walk-for-Wishes, October 10th, and to support more kids like Leanna, please visit our team page on Make-A-Wish.

 

The Forbes M+A Group to Open Nashville Office

With current offices in Denver, Colorado and Salt Lake City, Utah, the Forbes M+A Group looks to expand their presence east.

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The Forbes M+A Group Advises Integro on its Sale to Innovative Discovery to Create an Information Governance Powerhouse

The Forbes M+A Group is honored to serve as the exclusive advisor to Integro on its sale to Innovative Discovery! Read more

M&A Capital Market Update Q2 2020

“Overall M&A deal activity saw a significant decline in 2Q 2020 as deals continued to be put on hold. Strategic buyers continued to build their cash reserves through reduced M&A activity and spending as uncertainty surrounding the impact of COVID and the global economy persisted. Private Equity fundraising saw a slight increase in 2Q but is on pace for its lowest levels since 2015. Transactions are moving forward, but as lenders take on higher levels of risk and underwriting standards increase, borrowers may see an increased cost of capital for borderline deals as they are potentially pushed to the next tier of lenders.” – JJ Lane

 

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