Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Northern Virginia Orthodontics (“NVO” or the “Company”) in its sale to Smile Doctors, LLC (“Smile Doctors”), the largest orthodontic dental support organization in the U.S. with more than 240 affiliated practices in 18 states. Smile Doctors is a portfolio company of Linden Capital Partners, a Chicago-based private equity firm focused on the healthcare industry. The transaction closed on August 3, 2020. Terms of the transaction were not disclosed.
Founded in 2008 by Dr. Zach Casagrande, NVO is a leading orthodontic practice serving both pediatric and adult patients in the greater Washington D.C. metro area across four locations based in Northern Virginia. The Company is the #1 Invisalign® provider in North America.
“I can’t thank the Marriott & Co. team enough for the amazing job they did throughout this process,” said Dr. Zach Casagrande, founder of NVO, “They managed an efficient and professional process to ensure that Northern Virginia Orthodontics found a partner that truly understands our unique business model. This new partnership with Smile Doctors is exciting and will enable us to continue to provide outstanding care for our patients and a great culture for our team.”
Justin Marriott, Managing Director of Marriott & Co. said, “We thoroughly enjoyed working with Dr. Casagrande on this important transaction. The cultural fit between Smile Doctors and NVO was evident throughout the process, and I know that the NVO team is poised to continue doing great things to serve its patients and community under this new partnership.”
About Northern Virginia Orthodontics:
Serving the fast-growing greater Washington D.C. metro area, Northern Virginia Orthodontics (www.nvorthodontics.com/) is a leading provider of orthodontic services including braces, Invisalign® and other complementary offerings to both pediatric and adult patients. NVO was founded by Dr. Zach Casagrande who continues to lead the Company today. With four orthodontists and a team of over 50 employees, NVO operates four locations in Northern Virginia with two in Ashburn, one in Reston and one in McLean. The Company is the #1 Invisalign® provider in North America and the official team orthodontist of the NHL’s Washington Capitals.
About Smile Doctors, LLC:
Smile Doctors, LLC is the largest orthodontic dental support organization in the country with more than 240 affiliated practices in 18 states. Founded in 2015 by Dr. Scott Law, Dr. Dana Fender and Dr. Greg Goggans, the company is headquartered in Georgetown, Texas and focuses exclusively on developing and growing affiliated orthodontic practices. Smile Doctors-affiliated practices are owned and operated by licensed orthodontists committed to providing affordable, all-inclusive orthodontic treatment to patients across the country. Smile Doctors’ patient-centric approach and team collaboration result in beautiful, confident smiles striving for the highest standard of patient care. For more information, please visit: www.smiledoctors.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier, independent boutique investment banking firm based in Richmond, VA, is pleased to announce the promotion of Matt Improta to Director at the firm. Matt originally joined Marriott & Co. in 2010 and is a critical member of the team that has successfully executed nearly $600 million of transaction value in M&A and capital raising transactions for middle market clients during his tenure.
“Marriott & Co. is pleased to recognize Matt’s important contributions to our firm over the last ten years,” said Justin Marriott, Managing Director and Founder of Marriott & Co. “Matt brings a unique level of professionalism, knowledge and commitment to every assignment that we undertake, and our clients and colleagues have a such high degree of trust and respect for him.”
Added Bryan Burden, Managing Director of Marriott & Co., “Matt’s efforts have played a substantial role in our firm’s success over the last decade, and I am excited for him to continue to be a key contributor to the future growth of our firm.”
Prior to joining Marriott & Co., Matt graduated from the University of Richmond where he received a Bachelor of Science degree in Business Administration with a concentration in Finance and a minor in Economics.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Artistic Holdings (“Artistic” or the “Company”) in its sale to Century Cabinets, Inc. (“Century”), a manufacturer and supplier of quality cabinetry headquartered in Suwanee, GA. The transaction closed on August 12, 2019. Terms of the transaction were not disclosed.
Headquartered in Alpharetta, GA, Artistic is the leading manufacturer of turn-key staircase and rail solutions, serving large production and custom homebuilders across the U.S. Operating under both the Artistic Stairs and Southern Staircase brands in its core markets, Artistic designs, manufactures and installs wooden and metal straight, curved and custom staircases as well as railing systems. The Company operates eight sales offices and three manufacturing facilities in Georgia, North Carolina, South Carolina and Arizona.
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that Artistic provided us with the opportunity to advise on the sale of Artistic. We thoroughly enjoyed working with the Artistic team to bring this to a successful closing.”
About Artistic Holdings:
With an operating history spanning nearly 40 years, Artistic Holdings is the leading manufacturer of turn-key staircase and rail solutions, serving large production and custom homebuilders across the U.S. under the Artistic Stairs and Southern Staircase brands. With the capability to design, manufacture, and install staircases, railing systems and component parts, Artistic is North America’s largest direct-to-builder staircase manufacturer, serving primarily the single-family, detached home market and select commercial projects. The Company is headquartered in Alpharetta, GA and operates sales offices and manufacturing facilities in Georgia, North Carolina, South Carolina and Arizona. For more information, please visit www.artisticstairs-us.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier, independent boutique investment banking firm based in Richmond, VA, is pleased to announce the promotion of Elliott Theuerkauf to Associate at the firm. Elliott, who joined Marriott & Co. in 2017, has over two years of investment banking experience and focuses on executing M&A and capital advisory transactions for the firm’s closely-held business clients across a variety of industries.
“Marriott & Co. is pleased to congratulate Elliott on this well-deserved promotion,” said Justin Marriott, Managing Director and Founder of Marriott & Co. “From early in his tenure here Elliott has shown an ability to deliver results for our clients through his exceptional work ethic and strong transactional skills.”
Added Bryan Burden, Managing Director of Marriott & Co., “Elliott is a key member of our team, and his efforts have been critical in the successful closing of seven transactions during his time here at Marriott & Co. I am excited for him to continue to be a key contributor to the future growth of our firm.”
Prior to joining Marriott & Co., Elliott graduated from the College of William & Mary where he received a Bachelor of Business Administration degree in Finance from the Mason School of Business. He had previously held summer internship positions at a middle market investment bank and a commercial real estate firm.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Applied Instruments Company (“AIC” or the “Company”) in its sale to the Stratford-Cambridge Group (“Stratford-Cambridge”), a private investment firm based in Plymouth, MI. The transaction closed on June 28, 2019. Terms of the transaction were not disclosed.
Headquartered in Brighton, MI, AIC is a leading manufacturer and distributor of replacement parts and equipment serving the plastics processing industry. The Company serves a diverse customer base all over the U.S., including plastic component manufacturers as well as other distributors and resellers. In addition to selling its own product portfolio of mission-critical replacement parts, AIC also serves as a manufacturer’s representative for several leading injection molding equipment manufacturers.
“I am excited about this new partnership with Stratford-Cambridge Group and believe they will add significant value to the continued growth and development of our business in the coming years,” said President and Owner of AIC, Wayne Limbright. “I would also like to thank the Marriott & Co. team for their hard work in managing a professional process that yielded such a positive result for our company. AIC has been owned by my family for over 40 years, so it was important that we feel comfortable with our new ownership partner. Justin, Bryan and the rest of the Marriott & Co. team were critical in ensuring that this transaction closed with such a terrific firm as Stratford-Cambridge.”
Steve Ellis, Managing Director of Stratford-Cambridge, added, “We are thrilled to work with Wayne and the rest of the AIC team, and we look forward to continuing to build on the success of the Company for many years to come. We also appreciate all of the hard work that the Marriott & Co. team put forth to facilitate an efficient process and timely closing.”
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that Wayne provided us with the opportunity to advise AIC on such an important transaction. We truly enjoyed working with him and the entire AIC team, and believe that the Company is poised to thrive under this new partnership with Stratford-Cambridge.”
About Applied Instruments Company:
Founded in 1974, AIC is a leading manufacturer and distributor of replacement parts and equipment serving the plastics processing industry with customers across the U.S. The Company’s product offerings include control systems, auxiliary equipment, barrels, feed screws, screw tips, end caps and mixing nozzles used in injection molding, blow, extrusion and die cast molding machinery and processes. Additionally, AIC serves as a manufacturer’s representative for several leading injection molding equipment manufacturers. The Company currently operates two facilities in Brighton, MI and Wixom, MI. For more information, please visit www.aicequipment.com.
About the Stratford-Cambridge Group:
Founded in 2009, the Stratford-Cambridge Group is a Michigan-based private investment firm that invests in niche lower middle market industrial growth businesses. The firm leverages its unique background of operational and financial expertise to provide above-market, diversified returns to high net-worth individuals, family offices and institutional investors. Additional information can be found at www.scgequity.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to TREAD Corporation (“TREAD” or the “Company”), a portfolio company of Gladstone Investment Corporation (NASDAQ: GAIN)(“Gladstone”), in its sale to Larsen MacColl Partners (“Larsen MacColl”), a private equity firm based in Wayne, PA. Debt financing and an equity co-investment were provided by Source Capital, a private equity firm based in Atlanta, GA. The transaction closed on April 5, 2019. Terms of the transaction were not disclosed.
Headquartered in Roanoke, VA, TREAD is a leading manufacturer of highly-engineered custom bulk explosive handling trucks, emulsion mixing plants, storage bins and other related products. The Company provides its products to a global customer base of explosive handling companies serving the mining and construction industry in more than 50 countries across six continents. In addition to its Roanoke headquarters, TREAD maintains sales and service operations in Australia, Chile, South Africa and Peru.
“I would like to thank the Marriott & Co. team for their professionalism, guidance and commitment throughout this process,” said David Glazer, “Their entire team played a critical role in ensuring that TREAD found new partners that positions the company well for the future.”
Justin Marriott, Managing Director of Marriott & Co., said, “It was an absolute pleasure representing Gladstone and TREAD on this very important transaction. We were honored to be provided the opportunity to help create a great outcome for all parties involved.”
About TREAD Corporation:
Founded in 1957, TREAD Corporation offers over sixty years of service and solutions in explosives storage, handling and delivery systems to the global mining, quarry and construction industries. TREAD offers its customers an innovative portfolio of high-quality products and proven technical acumen, in addition to aftermarket parts and service. The Company manufactures custom bulk explosive handling trucks, storage bins, emulsion mixing plants and ancillary equipment. Its customers are all over the world, across over 50 countries and six continents. The Company is headquartered in Roanoke, VA, and also maintains sales and service operations in Australia, Chile, South Africa and Peru. For more information, please visit www.treadcorp.com.
About Gladstone Investment Corporation:
Gladstone Investment Corporation (NASDAQ: GAIN) is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market private businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at www.gladstoneinvestment.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Potomac Landfill, Inc. (“PLI” or the “Company”) in its sale of its Northern Virginia Waste division (“NOVA Waste”) to Industrial Disposal Services, Inc. (“IDS”), a leading construction waste transportation company headquartered in Manassas, VA. The transaction closed on May 4, 2018. Terms of the transaction were not disclosed.
Headquartered in Dumfries, VA, PLI is a regional provider of construction and demolition waste management services to commercial customers throughout the greater Washington, D.C. metro area. NOVA Waste, the business divested by PLI in the transaction, is a provider of waste transportation and logistics services utilizing a fleet of trucks and roll-off containers which are delivered and retrieved directly from customer construction sites throughout the region. The divestiture of NOVA Waste will enable PLI to focus on its core business of operating its landfill and transfer station, provide strategic funding for its planned expansion program, in addition to selling recycled materials through the Company’s Potomac Recycling division.
“This is an important transaction in the evolution of PLI as we continue to shift our focus to our core competencies of operating the landfill and transfer station,” said Phil Peet, President of PLI, “We look forward to continuing to grow our business by capitalizing on the strong demand drivers in our industry, and specifically within our geographic market.”
Added Chris Scott, Owner’s representative, “Marriott & Co. played a critical role in achieving this great outcome for PLI. They exceeded our expectations with the level of service, attention to detail and professionalism that they provided through every step of the process.”
Justin Marriott, Managing Director of Marriott & Co., said, “It was an absolute pleasure representing PLI on this very important transaction. We thoroughly enjoyed working with the entire PLI team and hope to work together again in the future.”
About Potomac Landfill, Inc.:
Founded in 1983 and headquartered in Dumfries, VA, PLI is a leading provider of construction and demolition debris waste management services to commercial customers throughout the greater Washington, D.C. metro area. The Company operates several distinct divisions, including Potomac Landfill, Alexandria Waste Recovery Facility and Potomac Recycling. Utilizing its strategically located landfill on Interstate 95 in Dumfries, VA and transfer station in Alexandria, VA, PLI provides exceptional service to its customer base which includes both private and public companies. For more information, please visit www.potomaclandfill.com.
About Industrial Disposal Services, Inc.:
Headquartered in Manassas, VA, IDS is leading construction waste transportation and recycling company serving the greater Washington, D.C. metro area. With a strong reputation for providing the highest level of customer service, innovation and integrity, IDS offers next-day service for roll-off containers and dumpsters to its expansive customer base throughout the region. In addition to its waste hauling services, IDS also provides complete LEED-certified recycling services through its affiliate Broad Run Recycling, which processes more than 600 tons of construction and demolition waste a day in its 26,000 square-foot facility. For more information, please visit www.idstrash.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to World Art Group and its affiliate Atlantic Art LLC (together “World Art Group” or the “Company”) in its sale to Circle Graphics, Inc. (“Circle Graphics”), the world’s foremost producer of grand and large-format digital graphics headquartered in Longmont, CO. The transaction closed on May 1, 2018. Terms of the transaction were not disclosed.
Headquartered in Richmond, VA, World Art Group is a leading art publisher that has been producing high-quality wall décor for over 40 years. Acquired by Scott Elles and Lonnie Lemco in 2002, World Art Group has experienced significant growth under their ownership, and today the Company sells its products to clients all over the world in end markets including home décor, hotels, restaurants, health care facilities, and many others.
“I am excited about the transaction with Circle Graphics and look forward to continuing to build upon the success of our company for many years to come,” said Lonnie Lemco, co-owner of World Art Group and its Vice President of Sales and Marketing, “This is a terrific outcome for World Art Group, our employees and our customers, as we are now perfectly positioned to capitalize on the many exciting growth opportunities that exist in our markets.”
Added Scott Elles, co-owner of World Art Group and its President, “I would like to thank the Marriott & Co. team for their hard work and professional guidance throughout this transaction process. They were hands-on, highly responsive and always had our best interest at heart. The transaction with Circle Graphics was everything we were looking for in a transaction.”
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that World Art Group provided us with the opportunity to advise them on such an important transaction. We truly enjoyed working with Scott, Lonnie and the rest of the World Art Group team, and we believe that the Company is poised to thrive under this new partnership with Circle Graphics.”
About World Art Group:
Headquartered in Richmond, VA, World Art Group is a leading art publisher producing over 4,000 unique, high-quality images a year through a combination of its own in-house design team and also through collaborations with artists from around the world. The Company sells its products to global clients including interior design and architectural firms as well as framed picture manufacturers that frame the Company’s prints and sell them to a variety of end users including home décor retailers, hotels, restaurants, health care facilities, office buildings and model homes. World Art Group also licenses its images to clients to use on their products which include floor coverings, coffee mugs, paper products, wallpaper, and many others. Boasting an exceptionally diverse and robust catalog of fine art prints and posters as well as the flexibility of on-demand custom design and printing, World Art Group serves customers all over the U.S. as well international customers in over 30 countries worldwide. For more information, please visit www.theworldartgroup.com.
About Circle Graphics:
Founded in 2000, Circle Graphics is the world’s foremost producer of grand and large-format digital graphics. The company is an industry leader in creating innovative products for business and consumer end-markets. Circle Graphics specializes in industry leading innovations accompanies by world class service and production facilities. Based in Longmont, CO, Circle Graphics employs nearly 800 people in multiple locations across the U.S. including manufacturing facilities in Los Angeles, Baton Rouge, LA, and Raleigh, NC. For more information, please visit www.circlegraphicsonline.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
2017 was a busy year at Marriott & Co. with four closed transactions, an addition to our team and an award recognition. As we kick off 2018, we wanted to take a look back to review a few highlights from the past year and thank all our clients and other participants in our firm’s success. We look forward to an even more successful year in 2018!
Four Closed Transactions: The four transactions closed by Marriott & Co. in 2017 are representative of our firm’s business model of generating exceptional outcomes for our clients. Some highlights of these four deals include:
Broad Industry Experience: The four transactions touched a number of different industries including manufacturing, logistics/transportation and business services.
Extensive Geographic Coverage: The companies and buyers/capital providers in the four transactions represented eight different states – Virginia, Connecticut, Illinois, Indiana, Texas, Utah, Georgia and Michigan.
Unique Transaction Dynamics: Three sell-side M&A transactions and one capital raise transaction were completed by our firm last year.
Diversity of Buyers and Capital Providers: Six unique buyers and/or capital providers were involved in our 2017 transactions, including private equity firms, family offices, strategic buyers, banks and subordinated debt providers.
New Addition to Our Team: In June, Elliott Theuerkauf joined the Marriott & Co. team as an Analyst.
Named to Axial’s Top 100 Middle Market Advisors List: This year Marriott & Co. was named to Axial Networks’ Top 100 Middle Market Advisors list. The list was based on a survey of 1,000 private equity firms, strategic acquirers and family offices in which they were asked to name the firms in the U.S. that “they trust and respect most when transacting in the middle market.”
“I would like to thank the Marriott & Co. team for their hard work and professional guidance throughout the transaction process. Justin, Bryan and the rest of the Marriott & Co. team did exactly what they said they would do when we hired them. They were hands-on, responsive, and crucial to achieving this great result for our company.”
– Charlie Roeder, President and Founder of Indiana Transport
– a 2017 client of Marriott & Co.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to COMTRAC Services, Inc. (“COMTRAC” or the “Company”) in its sale to Future Infrastructure Holdings, LLC (“Future Infrastructure”), a Texas-based provider of infrastructure services in the telecommunications, utility, energy and intelligent transportation industries. Future Infrastructure is a portfolio company of Tower Arch Capital (“Tower Arch”), a private equity investment firm based in Salt Lake City, UT. COMTRAC’s management team will continue to operate the business on a stand-alone basis under the COMTRAC brand name in its existing markets. The transaction closed on December 5, 2017. Terms of the transaction were not disclosed.
Founded in 1999 in Atlanta, GA, COMTRAC is a leading provider of infrastructure construction and repair/maintenance services to the telecommunications industry. The Company provides aerial and underground, outside plant (“OSP”) and inside plant (“ISP”) services to a number of telecommunications service providers throughout the Southeastern U.S.
“I am excited to work with Future Infrastructure and Tower Arch and believe they are the perfect partner to assist in the growth of our business in the coming years,” said President of COMTRAC, David Hendee, “I would also like to thank the Marriott & Co. team for their hard work and professional guidance during the transaction process. Justin, Bryan and the rest of the Marriott & Co. team played a critical role in ensuring that COMTRAC found a group that understands our unique business model and will add significant value in the future.”
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that COMTRAC provided us with the opportunity to advise them on such an important transaction. We truly enjoyed working with David and the rest of the COMTRAC team, and believe that the Company is poised to thrive under this new partnership with Future Infrastructure and Tower Arch.”
About COMTRAC Services, Inc.:
Headquartered in Atlanta, GA, COMTRAC is a leading provider of infrastructure construction and repair/maintenance services to the telecommunications industry. The Company provides aerial and underground, outside plant (“OSP”) and inside plant (“ISP”) services to a number of telecommunications service providers. The Company’s focus on quality, safety and responsiveness to the needs of its customers has enabled COMTRAC to expand its business throughout the Southeastern U.S. For more information, please visit www.comtracinc.com.
About Future Infrastructure Holdings:
Founded in 1999, Future Infrastructure is an industry-leading infrastructure services provider for the Southeast region of the U.S. Headquartered outside Dallas, TX, the Company specializes in the development, repair, and maintenance of communications, utility, energy, and transportation infrastructure.
About Tower Arch Capital:
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund. The firm focuses on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. Tower Arch creates value in a range of industries and works with companies across the United States. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million. For more information, please visit www.towerarch.com.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
