Bertram Capital is selected as a finalist for the Lower Middle-Market Deal of the Year Award for the 10th Annual M&A Advisor Awards. The M&A Advisor announced a record 389 nominations representing over 500 company submissions and will announce the winners at the New York Athletic Club in New York City.
Online PR News – 17-December-2011 – – Acquisition of Procon and Enfotrace Finalist for Lower Middle-Market Deal of the Year Award
San Mateo, CA – December 14, 2011 – Bertram Capital is pleased to announce that their February 2011 acquisition of Procon and Enfotrace was selected as a finalist for the Lower Middle-Market Deal of the Year Award for the 10th Annual M&A Advisor Awards. The M&A Advisor announced a record 389 nominations representing over 500 company submissions and will announce the winners at the Awards Gala on December 13th at the New York Athletic Club in New York City.
“We are honored to be recognized by the M&A Advisor for completing a complex transaction that hinged on our ability to close the deal quickly and with certainty due to our captive debt facility and by demonstrating to the existing management team our shared vision for the enormous growth opportunities in the market,” said Jeff Drazan ( http://www.fundingpost.com/venturefund/venture-fund-profile.asp?fund=504 ), Managing Partner at Bertram Capital. “This transaction brings together the two largest providers of risk mitigation products, most notably GPS tracking solutions and payment protection systems, to the North American subprime automobile finance industry.”
“We had been looking for an institutional partner that shared our vision and enthusiasm for the opportunity ahead,” said Brian Boling, CEO of Procon. “The partnership with Jeff Drazan ( http://bigsight.org/jeff_drazan ) and his team which is led by Jared Ruger at Bertram Capital will enable us to provide our customers with breakthrough technology solutions and superior customer service. Additionally, we will re-invest in our business to develop new market opportunities and execute select strategic acquisitions, such as the purchase of an intellectual property portfolio we just completed.”
The acquisition of the two companies will enable each to significantly accelerate growth as they look to expand into other industry verticals and leverage their expertise in asset tracking applications. “Given the forecasted growth in the business, we envision this investment will lead to sizeable job creation opportunities, ”Said Jeff Drazan ( http://www.ryze.com/go/jeffreydrazan ). Since the close of the transaction in mid-February, we have already hired a number of key sales, finance, and software executives to supplement the already stellar management team.”
About Bertram Capital
Bertram Capital is a San Mateo, CA based private equity investment firm with more than $850 million in capital under management. Founded in 2006, Bertram Capital’s mission is to build value for equity holders, employees, customers, and partners by helping already profitable companies realize their full potential. Visit Bertramcapital.com ( http://bertramcapital.com/ ) for more information.