Marriott & Co. Serves as Exclusive Financial Advisor to Construction Data Company
For Immediate Release
Marriott & Co. Serves as Exclusive Financial Advisor to Construction Data Company.
Richmond, VA, July 8, 2014
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 Construction Data Company (“CDC” or the “Company”), a portfolio company of Alta Communications, a Boston-based private equity firm specializing in equity investments in media and communications companies, in its financing transaction that closed on June 26, 2014. Financing was provided by Victory Park Capital, a Chicago-based privately held registered investment advisor dedicated to alternative investing through the management of private investment funds with a focus on credit and private equity. Terms of the transaction were not disclosed.
Based in Vero Beach, FL, CDC is a leading regional provider of valuable and proprietary information about commercial construction projects in local area markets covering approximately 67% of the U.S. population throughout the Eastern and Midwestern U.S. CDC provides this valuable information on a subscription basis via an intuitive, searchable web-based platform to clients including general contractors, subcontractors, suppliers and manufacturers’ representatives.
Bill Black, CEO of CDC, said, “Marriott & Co. did a tremendous job of managing an efficient transaction process for CDC from start to finish. We are extremely pleased to have an excellent new financial partner in Victory Park Capital, and we feel that CDC is now well positioned to capitalize on the numerous growth opportunities that we see in the current environment.”
Darren Sylvia, COO and CFO of CDC, said, “Marriott & Co. did an excellent job in completing the financing assignment much quicker than anticipated and under great terms for our Company that will ensure its continued success.”
“It was an absolute pleasure representing CDC and Alta Communications on this very important transaction,” said Justin Marriott, Managing Director of Marriott & Co., “The CDC team has built an impressive business, and we are happy to have helped them secure such a solid financial partner in Victory Park for the Company going forward.”
Phil Thompson, General Partner of Alta Communications, said, “We are very pleased to announce this new partnership between CDC and Victory Park. The Alta team is excited about the future prospects of CDC and believe the Company to be well positioned to build on its market-leading strategy. Full credit is due to the Marriott team for helping us to navigate through this process and achieving such a positive outcome.”
About Construction Data Company:
Headquartered in Vero Beach, Florida, CDC is a leading regional provider of valuable and proprietary information about commercial construction projects in local area markets covering approximately 67% of the U.S. population throughout the Eastern and Midwestern U.S. CDC provides this valuable information on a subscription basis via an intuitive, searchable web-based platform to clients including general contractors, subcontractors, suppliers and manufacturers’ representatives. CDC’s subscription publications and online database are designed as a business development tool for its clients who are actively pursuing business opportunities for public and private projects in the commercial construction industry.
About Victory Park Capital:
Victory Park Capital is a privately held, registered investment advisor dedicated to alternative investing. It focuses on niche credit and private equity opportunities in middle market companies. Whether as a lender or a control investor, Victory Park Capital seeks to identify opportunities where it believes the potential for reward outweighs the risks entailed. Founded in 2007, Victory Park Capital’s headquarters are in Chicago with additional resources in New York, Boston and San Francisco.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. is a premier, independent boutique investment-banking firm focused on advising closely held private 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.
Contact: Justin Marriott
Phone: (804) 344-0952