Investment Summary

Lovell Minnick Partners Invests In Fortis

On December 19, 2019, private equity firm Lovell Minnick Partners invested in information technology company Fortis

Investment Highlights
  • This is Lovell Minnick Partners’ 2nd transaction in the Information Technology sector.
  • This is Lovell Minnick Partners’ 43rd transaction in the United States.
  • This is Lovell Minnick Partners’ 3rd transaction in Michigan.

Investment Summary
Date 2019-12-19
Target Fortis
Sector Information Technology
Investor(s) Lovell Minnick Partners
Deal Type Growth Capital

Target

Fortis

Novi, Michigan, United States
Fortis provides developers and businesses integrated payment processing capabilities. The company offers its proprietary Zeamster platform and gateway focused on integrating with a point of sale, software and ERP providers in various industries. Fortis was founded in 2010 and is based in Novi, Michigan.

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Investor(S) 1

Investor

Lovell Minnick Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.

DEAL STATS #
Overall 46 of 55
Sector (Information Technology) 2 of 3
Type (Growth Capital) 12 of 14
State (Michigan) 3 of 3
Country (United States) 43 of 50
Year (2019) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Pathstone

Englewood, New Jersey, United States

Pathstone provides integrated and customized family office, wealth, and investment services to multigenerational families, single-family offices, high-net-worth individuals, and institutions. Pathstone was founded in 2010 and is based in Englewood, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Seaside National Bank & Trust

Orlando, Florida, United States

Seaside National Bank & Trust is a chartered commercial bank offering clients a complete array of wealth management, commercial and private banking financial solutions. Seaside was formed in 2006 and is based in Orlando, Florida.

Sell -
Mergr

Product

Company

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