Divestiture • Business Services

Continuum Global Solutions Acquires Faneuil

On September 12, 2023, Continuum Global Solutions acquired business services company Faneuil from ALJ Regional Holdings

Acquisition Context
  • This is Continuum Global Solutions’ 2nd transaction in the Business Services sector.
  • This is Continuum Global Solutions’ 2nd transaction in the United States.
  • This is Continuum Global Solutions’ 1st transaction in Virginia.

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M&A Deal Summary

Date September 12, 2023
Target Faneuil
Sector Business Services
Buyer(s) Continuum Global Solutions
Sellers(s) ALJ Regional Holdings
Deal Type Divestiture

Target Company

Faneuil

Hampton, Virginia, United States
Faneuil is a service company providing integrated customer management solutions for public and private sector organizations. Faneuil specializes in contact center solutions, back office operations, violations processing, revenue collection services, and fulfillment services. Faneuil is based in Hampton, Virginia.
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Buyer Overview 1

Buyer

Continuum Global Solutions

Dallas, Texas, United States

Category Company
Founded 2019
Sector Business Services
DESCRIPTION

Continuum Global Solutions provides outsourced communications and services to enterprise customers. Continuum Global Solutions was established in 2019 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 2 of 2
Sector: Business Services 2 of 2
Type: Divestiture 2 of 2
State: Virginia 1 of 1
Country: United States 2 of 2
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 King TeleServices

Brooklyn, New York, United States

King TeleServices LLC is a call center business has a team of over 300 professionals, providing 311 and other call center services to corporate and municipal clients in the United States.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Continuum Global Solutions - Healthcare Vertical

Dallas, Texas, United States

Continuum Global Solutions' Healthcare Vertical provides comprehensive solutions for healthcare payers, providers, and pharmacy benefit management. Continuum Global Solutions' Healthcare Vertical is based in Dallas, Texas.

Sell -

Seller Profile 1

SELLER

ALJ Regional Holdings

New York, New York, United States

Category Company
Founded 1995
Sector Business Services
Employees3,202
Revenue 149M USD (2014)
DESCRIPTION

ALJ Regional Holdings, Inc. is a provider of business process outsourcing and co-sourced services to both commercial and government entities in the healthcare, utility, toll and transportation industries.


Deal Context for Seller #
Overall 2 of 2
Sector: Business Services 1 of 1
Type: Divestiture 2 of 2
State: Virginia 1 of 1
Country: United States 2 of 2
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Phoenix Color

Hagerstown, Maryland, United States

Phoenix Color is a full-service, full-color printer of cover components, heavily-illustrated and juvenile books, as well as specialty commercial products such as collectible cards, posters, box wraps, game boards, folders, catalogs, and brochures. With its technologically advanced prepress and press operations, a knowledgeable customer service team, and dependable freight services, the company is committed to delivering high-quality products to customers. Phoenix Color was formed in 1979 and is based in Hagerstown, Maryland.

Sell -