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