
To maximize value, M&A Capital conducted a parallel process that resulted in various options for the shareholders to consider, including a transaction that would include management participation.
At the end of the process, all parties mutually agreed to sell a majority of the company to CIVC Partners, a Chicago based private investment firm, in a transaction worth over $50 million.
The transaction was financed with an appropriate mix of debt of equity, providing the company with sufficient capital to materially grow the business into the future.