Marriott & Co. Serves as Exclusive Financial Advisor to Strategic Pharma Solutions, LLC
For Immediate Release
Marriott & Co. Serves as Exclusive Financial Advisor to Strategic Pharma Solutions.
Richmond, VA, January 5, 2015
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 Strategic Pharma Solutions, LLC (“SPS” or the “Company”) in its recapitalization led by affiliates of Periscope Equity LLC (“Periscope”), a private equity firm based in Chicago, in a transaction that closed on December 15, 2014. Periscope partnered with management to make a significant investment in the Raleigh, NC-based company. Debt financing and an equity co-investment was provided by Indianapolis-based Centerfield Capital Partners (“Centerfield”). Terms of the transaction were not disclosed.
Founded in 2007, healthcare communications agency SPS tailors communications solutions for pharmaceutical, medical device and biotechnology companies across the United States through its digital, scientific and creative offerings. The agency also specializes in brand strategy and market development for products coming to market or currently on the market. SPS has achieved extraordinary growth under the leadership of its management team led by Founder and CEO Paul Bonavita and President Courtney Kaprelian.
“I am excited to work with Periscope and believe they are the perfect partner to assist in the growth and direction of our business in the coming years,” said CEO and Founder of SPS, Paul Bonavita, “I would also like to thank the Marriott & Co. team for their hard work and professional guidance during the transaction process. Justin and his team played a critical role in ensuring that SPS found an investment group that understands our unique business model and will add significant value in the future.”
“We are thrilled to work with Paul, Courtney and the rest of the SPS team, and we look forward to continuing to build on the success of the company for many years to come,” said Steve Jarmel, principal of Periscope, “We also enjoyed working with the Marriott & Co. team and appreciate their efforts in facilitating a smooth process and timely closing.”
Justin Marriott, Managing Director of Marriott & Co., added, “We truly enjoyed working with the entire SPS team. We are honored that SPS provided us with the opportunity to advise the company on this important milestone, and I am thrilled that we were able to have such a successful outcome.”
About Strategic Pharma Solutions:
Founded in 2007, Strategic Pharma Solutions, LLC is a Raleigh-based healthcare communications agency focused on bringing clients tailor-made, strategic solutions for their marketing and communications needs. Specializing in digital, strategy, scientific and creative, SPS boasts a scaled agency model that eliminates high overhead costs for customers. With a dedicated staff of 25 persons and a network of more than 40 diverse industry experts, SPS is able to remain nimble and flexible in its approach while keeping the client top of mind in all that we do. For more information, visit www.strategicpharmasolutions.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 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