Add-on Acquisition • Information Services

Cogency Global Acquires Tax Guard

On September 19, 2023, Cogency Global acquired information services company Tax Guard from Falfurrias Capital Partners and Maranon Capital

Acquisition Context
  • This is Cogency Global’s 1st transaction in the Information Services sector.
  • This is Cogency Global’s 1st transaction in the United States.
  • This is Cogency Global’s 1st transaction in Colorado.

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M&A Deal Summary

Date September 19, 2023
Target Tax Guard
Sector Information Services
Buyer(s) Cogency Global
Sellers(s) Falfurrias Capital Partners
Maranon Capital
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target Company

Tax Guard

Westminster, Colorado, United States
Tax Guard is a provider of data and services that help lenders accurately assess tax-related credit risk associated with potential borrowers. Tax Guard was founded in 2009 and is based in Westminster, Colorado.
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Buyer Overview 1

Buyer

Cogency Global

New York, New York, United States

Category Company
Founded 1980
Sector Business Services
DESCRIPTION

Cogency Global provides a full range of registered agent, transactional and corporate compliance services for law firms, lenders and multi-jurisdictional corporations in the US and internationally. Cogency Global was founded in 1980 and is based in New York City.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profiles 2

SELLER

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


Deal Context for Seller #
Overall 15 of 20
Sector: Information Services 1 of 1
Type: Add-on Acquisition 6 of 7
State: Colorado 1 of 1
Country: United States 15 of 20
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Brainlabs

London, United Kingdom

Brainlabs is a data-focused marketing agency. Brainlabs provides a single solution marketing model bringing together technology, biddable agency services and consultancy. Brainlabs was founded in 2012 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Synergy ECP

Columbia, Maryland, United States

Synergy ECP is a provider of cybersecurity, software and systems engineering and IT services to the U.S. intelligence and defense communities. Synergy ECP was founded in 2007 and is based in Columbia, Maryland.

Buy -
SELLER

Maranon Capital

Chicago, Illinois, United States

Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Maranon Capital is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non-sponsored middle-market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital was formed in 2007 and is based in Chicago, Illinois. In 2019, Maranon Capital was acquired by asset management firm Eldrige.


Deal Context for Seller #
Overall 21 of 22
Sector: Information Services 1 of 1
Type: Add-on Acquisition 4 of 4
State: Colorado 2 of 2
Country: United States 21 of 22
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 HoofStrong

Fresno, California, United States

HoofStrong is a provider of automated hoof bath systems and the preventative hoof care treatment products utilized in these systems for commercial dairies. HoofStrong was founded in 1999 and is based in Fresno, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 GPRS

Maumee, Ohio, United States

GPRS is a provider of private utility locating and concrete scanning services to utilities, contractors, engineering firms, and environmental consultants in every major market in the United States. GPRS was founded in 2001 and is based in Maumee, Ohio.

Sell -