Case Study

Strata Information Group Acquired By Fort Point Capital

has been acquired by

Solganick & Co. served as the exclusive sell side advisor to higher education-focused IT consultant, Strata Information Group in its acquisition by Boston-based private equity firm, Fort Point Capital.

About Strata Information Group

Strata Information Group, Inc. is an IT consulting firm focused exclusively on the higher education sector. The company provides systems integration and IT assessments to universities and colleges across the U.S.

Situation

  • The two co-founders had been running the company for the last 30 years and were ready to transition out for retirement.
  • The company hired Solganick & Co. to run a sell-side M&A process and leverage its deep domain expertise and relationships to procure multiple, high-quality offers in excess of the initial offer received by the Company.
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About Fort Point Capital

Fort Point Capital is a Boston-based private equity firm that invests in and supports promising, service-oriented companies at the lower end of the middle market and helps them take the next step to accelerate their evolution and growth.

Outcome

  • Solganick & Co. conducted an efficient, focused and highly competitive M&A marketing process targeting strategic buyers.
  • Several highly-qualified parties expressed interest and 14 of them submitted offers.
  • After discussions and preliminary negotiations with numerous groups, Fort Point Capital ultimately put forth the most compelling offer.
  • Through the transaction, Strata Information Groups co-founders were able to maximize cash at close with a very attractive market driven transaction multiple.
  • The transaction was announced and closed in June 2021.
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