ACG Boston Launches New Website

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We’re excited to announce that our new website has launched!

All of the ACG websites are now mobily friendly wih a modern look and feel, increased functionality, and fast, convenient access to event registration, the member directory, middle-market news and more.

Going forward, all member and industry news will be no longer be posted here on The Link, but will instead be posted on the News & Trends page of our website.

We hope you’ll enjoy the new ACG Boston!

 

BackBay Communications Announces Chief Operating Officer

JenDowd_Circle_150x150.png10-Year BackBay Veteran Jen Dowd to Focus on Strategic Initiatives, Client Relationships, Marketing, New Business

BackBay Communications, a leading financial services branding, content marketing and public relations specialist firm, announced today that Jen Dowd has been promoted to Chief Operating Officer.

In the newly created COO role, Ms. Dowd, 35, will help with strategy and implementation of programs designed to realize BackBay’s business objectives including firm best practices, business development and marketing. She will also partner with senior leadership to enhance the BackBay client experience, elevate the brand and accelerate growth.

“BackBay has been fortunate to experience steady annual growth since the firm was founded eleven years ago, and at this point in our evolution it is the ideal time to add a COO position to help take BackBay to the next level,” said Bill Haynes, President & CEO, BackBay Communications. “With her strong integrated marketing experience, understanding of BackBay’s unique vision, culture and services, and outstanding client relationships, Jen Dowd is the ideal person for the COO role at BackBay. We all look forward to benefiting from Jen’s insights, strategy and leadership in her new role.”

Since joining the firm in 2007, Ms. Dowd has developed and led strategic branding, marketing and public relations programs for global asset management, private equity and financial technology clients. Jen’s client experience includes: Adams Funds, Baird Capital, Eagle Investment Systems, Fiduciary Trust Company, Graycliff Partners (formerly HSBC Capital), Hancock Capital, HarbourVest Partners, Murray Devine, Pamlico Capital (formerly Wachovia Capital Partners), Quad-C Management, Ridgemont Equity Partners (formerly Banc of America Capital Investors), and Thompson Street Capital.

Ms. Dowd joined BackBay from Compton Consulting, a financial communications firm specializing in the asset management industry. Prior to that, she served as an Editorial Assistant for Euromoney magazine in London.

Ms. Dowd received an M.A. in Ancient History from University College London, and a B.A. in Classics and English from the College of Charleston.

About BackBay Communications
BackBay Communications is an integrated branding, marketing and public relations firm focused on the financial services sector including private equity, financial technology, insurance and asset management. BackBay takes a brand-centric approach to developing messaging and building integrated communications programs. BackBay offers a unique combination of content and creativity. BackBay’s services include public relations, branding, website development, marketing plans and materials, videos, advertising and social media. BackBay is highly regarded for thought leadership initiatives and relationships with the major business media. For more information, please visit www.BackBayCommunications.com.

Contact
BackBay Communications
Bill Haynes
President & CEO
Bill.haynes@backbaycommunications.com
617-391-0790

Tully & Holland Consumer Market Update March 2017

TullyandHollandTully & Holland is pleased to provide a market update for March 2017, highlighting notable transactions, recent market trends and a comprehensive list of transactions in the consumer space. This report is distributed on a monthly basis. We welcome your comments and feedback.

  • Total M&A transactions in the tracked consumer verticals were down 5% in March vs. prior year and down 27% from February.
  • Buyers remain cautious perhaps reflecting a level of political uncertainty, while several major retailers have responded to challenging economic times by announcing corporate restructuring.

Tully & Holland is currently working on a range of sell-side and buy-side assignments. A selection of these assignments include the following:

  • Leading Amazon marketplace merchant
  • All-natural artisanal cracker company
  • Multi-channel home decor company
  • Multi-location retailer of gift and accessories
  • International e-commerce client seeking brick & mortar retailer
  • Financial buyer seeking e-commerce platform

Founded in 1992, Tully & Holland, Inc. is a leading US investment bank that provides merger & acquisition advisory services and private placements to consumer companies with special emphasis on food & beverage companies, retailers, multi-channel marketers, consumer product manufacturers and distributors. For further information on Tully & Holland please visit our website at http://www.tullyandholland.com.

Read the full report.

TM Capital Advises Pride Equipment in its Sale to Sunbelt Rentals

TMCapital_250x125TM Capital is pleased to announce that we served as exclusive financial advisor to Pride Equipment Corporation (“Pride”) in its sale to Sunbelt Rentals. Based in Islip, New York and owned by the Noto family for over 47 years, Pride is a leading provider of aerial equipment rental services to the vibrant New York metropolitan marketplace and is one of the largest independent specialty equipment rental companies in the United States. Sunbelt, one of the largest equipment rental companies in North America, constitutes the U.S. operations of Ashtead Group plc (LON: AHT), which has a market capitalization of over $10 billion.

TM Capital worked closely with the Noto family to develop an investment thesis highlighting Pride’s superior equipment utilization rates, culture of outstanding customer service and robust growth opportunities. TM Capital coordinated a focused global marketing process that ultimately resulted in a successful transaction with Sunbelt.

Ashtead’s chief executive, Geoff Drabble, commented: “This acquisition further enhances Sunbelt’s position in the important New York City market. Pride’s focus on aerial equipment is complementary to Sunbelt’s capabilities in a broader range of smaller and medium size equipment and there will be significant opportunities to cross-sell to the enlarged customer base. This acquisition is consistent with our long-term strategy to take advantage of structural growth opportunities through both organic investment and bolt-on acquisitions. I would also like to welcome all of the Pride employees who will be joining Sunbelt as part of the acquisition and look forward to working with them to deliver on the major opportunities ahead.”

Read more.

TM Capital Advises Midwest Wholesale Hardware in its Sale to High Road Capital Partners

TMCapital_250x125TM Capital is pleased to announce that we served as exclusive financial advisor to Midwest Wholesale Hardware, an investment holding of Olympus Partners, in its sale to High Road Capital Partners. Midwest Wholesale Hardware is a premier national wholesale distributor of commercial and institutional door hardware, electronic access controls and security solutions.

TM achieved an exceptional outcome for the sellers by coordinating a highly competitive process that illustrated the Company’s unique ability to serve immediate-need repair and maintenance demand with outstanding inventory depth, high-touch personalized service and value-added technical expertise. The transaction pairs management with the ideal financial partner to capitalize on Midwest’s leadership position to accelerate a multi-faceted growth plan and pursue strategic acquisitions.

  • Midwest Wholesale Hardware, headquartered in Kansas City, is a premier national wholesale distributor of commercial and institutional fire and life safety door hardware, electronic access controls and security solutions
  • With the industry’s largest next-day fulfillment platform, the Company provides expert customer service and offers an extensive inventory for immediate-need applications
  • This is the second transaction completed by TM Capital professionals for a middle market investment holding from Olympus Partners’ portfolio
  • Management and High Road Capital Partners plan to accelerate the Company’s growth by expanding its distribution coverage and pursuing strategic acquisitions

“While the private equity ownership of Midwest Wholesale Hardware had worked with the TM Capital team before, this was my first experience with them. What impressed me was the time they took to dig into and build out our company’s story in a compelling way, and then take our story effectively to the market. They prepared management well for each stage of our interactions and enabled us to focus on running the business. The senior partners were there literally every step of the way, and we enjoyed working with the whole team. In the end, they helped us find the right new partner in High Road Capital: a firm that knew our space and is excited to support us in our future growth plans.” – Chris Casazza, CEO, Midwest Wholesale Hardware

Read more.

Welcome New Members

ACG Boston welcomes the following new members to the community:

Kathleen Barrett
Scargo Hill Capital

Christopher Byrne
Mackinac Partners

Christian Clifford
Oppenheimer & Co.

Nicholas Denice
Duffy & Sweeney, Ltd.

Debra DeVenne
The Provident Bank

Ryan Duffy
The Baupost Group, LLC

Scott Galletti
Tenex Capital Management

Mark Gallivan
Scargo Hill Capital, LLC

Rasmus Goksor
Bison

Barry Green
HunterPoint LLC

Richmond Holden
Infocommerce Partners Holdings, LLC

Daniel Hughes
Burns & Levinson LLP

Brendan Kennedy
Cambridge Savings Bank

Nathan Klepacki
Mackinac Partners

Michael Klinger
Anzu Global

Ryan Lee
Advantage Capital

Robert Madorsky
Windjammer Capital Investors

Carter Owen
Gemini Investors

Ryan Popper
TM Capital

Andrew Prunier
Scargo Hill Capital

Rachel Rivkind
Rubin and Rudman LLP

Alex Sauter
MHT Partners

Lynn Schade
Cambridge Savings Bank

Paul Schmid
Posternak, Blankstein & Lund LLP

Dmitry Shashkov
H. C. Starck Inc.

Benjamin Silbert
Calera Capital

John Whalen
M&T Bank

Mass Capital Announces a New Investment in Tri-Wire Engineering Solutions, Inc.

MCRC_150x75MCRC is pleased to announce its participation in the financing of the sale of Tri-Wire Engineering Solutions, Inc. to a newly formed Employee Stock Ownership Plan (“ESOP”). Founded in 1999, Tri-Wire is a leading provider of installation, maintenance and other technical support services to the cable and telecommunications industries. The company has over 900 employees situated across twelve states. The sale to the ESOP makes the company one of the largest broadband service providers owned entirely by its employees.

For more information, visit their web site at www.triwire.net.