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  6. Ascend Fundraising Solutions Acquires LMR Consulting

M&A Deal Summary

Ascend Fundraising Solutions Acquires LMR Consulting

On April 26, 2021, Ascend Fundraising Solutions acquired business services company LMR Consulting

Acquisition Highlights
  • This is Ascend Fundraising Solutions’ 2nd transaction in the Business Services sector.
  • This is Ascend Fundraising Solutions’ 2nd transaction in Canada.
  • This is Ascend Fundraising Solutions’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2021-04-26
Target LMR Consulting
Sector Business Services
Buyer(s) Ascend Fundraising Solutions
Deal Type Add-on Acquisition

Target

LMR Consulting

London, Ontario, Canada
LMR Consulting is a consulting company for charitable gaming, is licensed by the Alcohol and Gaming Commission of Ontario (AGCO) to work closely with non-profits to develop, implement and manage charitable raffle and lottery programs to raise funds for the needs of their organization while giving their supporters the chance to win. LMR Consulting is based in London, Ontario.

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Buyer(S) 1

Buyer

Ascend Fundraising Solutions

Toronto, Ontario, Canada
Category Company
Founded 2008
Sector Business Services
DESCRIPTION

Ascend Fundraising Solutions is a software technology company focused on providing data-driven charitable fundraising solutions, including raffle and sports betting systems. With offices in New York, Toronto, and the UK, the company delivers its products to over 500 clients. Ascend Fundraising Solutions was formed in 2008 and is based in Toronto, Ontario.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 Bump 50:50

Toronto, Ontario, Canada

Formed in 2009, Bump 50:50 helps NHL, MLB, NFL, and NBA sports foundations in raising money through their 50/50 raffle programs. The company's goal is to raise more money for non-profit charities during live sports and entertainment events.

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