M&A Deal Summary

Great Elm Acquires Sterling Commercial Credit

On February 3, 2022, Great Elm acquired financial services company Sterling Commercial Credit for 8M USD

Acquisition Highlights
  • This is Great Elm’s 2nd transaction in the Financial Services sector.
  • This is Great Elm’s largest (disclosed) transaction.
  • This is Great Elm’s 2nd transaction in the United States.
  • This is Great Elm’s 1st transaction in Michigan.

M&A Deal Summary

Date 2022-02-03
Target Sterling Commercial Credit
Sector Financial Services
Buyer(s) Great Elm
Deal Type Add-on Acquisition
Deal Value 8M USD
Advisor(s) Hovde Group (Financial)

Target

Sterling Commercial Credit

Brighton, Michigan, United States
Sterling Commercial Credit is a provider of asset-based loans to middle-market companies throughout the United States. Sterling Commercial Credit was founded in 2004 and is based in Brighton, Michigan.

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Buyer(S) 1

Buyer

Great Elm

Palm Beach Gardens, Massachusetts, United States

Category Company
Founded 1994
Sector Software
Employees328
Revenue 9M USD (2024)
DESCRIPTION

Great Elm is a provider of software solutions for the communications and media industries. EGreat Elm was founded in 1994 and is based in Palm Beach Gardens, Florida.


DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Lenders Funding

Williamsburg, Virginia, United States

Lenders Funding is a private funding and risk-sharing source for factors and asset-based lenders. Lenders Funding purchases participations in factoring and asset-based lending transactions as well as provide working capital to customers under a variety of lending programs. Lenders Funding was founded in 2000 and is based in Williamsburg, Virginia.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Great Elm Healthcare

Mesa, Arizona, United States

Great Elm Healthcare is an operator of respiratory-related durable medical equipment service with 21 locations across eight states in the Midwest, Southwest, and Pacific Northwest. The company is focused on clinical excellence and offers a high-quality, full-service line of respiratory equipment and supplies. Great Elm Healthcare is based in Mesa, Arizona.

Sell $80M