Investment Summary

Montage Partners and Pinnacle Financial Partners Invest In Advantco

On July 18, 2019, private equity firm Montage Partners and Pinnacle Financial Partners invested in software company Advantco

Investment Highlights
  • This is Montage Partners’ 1st and Pinnacle Financial Partners’ 1st transaction in the Software sector.
  • This is Montage Partners’ 13th and Pinnacle Financial Partners’ 8th transaction in the United States.
  • This is Montage Partners’ 1st and Pinnacle Financial Partners’ 2nd transaction in North Carolina.

Investment Summary
Date 2019-07-18
Target Advantco
Sector Software
Investor(s) Montage Partners
Pinnacle Financial Partners
Deal Type Growth Capital
Advisor(s) Wyrick Robbins Yates & Ponton LLP (Legal)

Target

Advantco

Raleigh, North Carolina, United States
Advantco provides software adapters that automate the integration of various enterprise applications with ERP systems, including SAP and Oracle. Advantco was founded in 2007 and is based in Raleigh, North Carolina.

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Investor(S) 2

Investor

Montage Partners

Scottsdale, Arizona, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Montage Partners is a private investment firm that seeks to invest in mature family and founder-owned companies headquartered in the southwestern US. It targets lower middle market companies with minimum operating history of five years. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Prospective businesses generally have EBITDA of at least $1.5 million. Montage Partners was formed in 2004 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 13 of 18
Sector (Software) 1 of 1
Type (Growth Capital) 2 of 6
State (North Carolina) 1 of 1
Country (United States) 13 of 18
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 METALfx

Willits, California, United States

METALfx is a provider of precision sheet metal fabrications, enclosures, assemblies, and complex wood composite components across a variety of industries, including technology, healthcare, industrial, and others. METALfx was founded in 1976 and is based in Willits, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Moab Brewery

Moab, Utah, United States

Moab Brewery is a restaurant and microbrewery and distillery company. Moab Brewery was established in 1996 and is based in Moab, Utah.

Buy -
Investor

Pinnacle Financial Partners

Nashville, Tennessee, United States
Category Company
Founded 2000
Sector Financial Services
Employees3,386
Revenue 1.4B USD (2023)
DESCRIPTION

Pinnacle Financial Partners is a financial services firm provides a full range of banking, investment and insurance products and services designed for small- to mid-sized businesses and their owners. Pinnacle Financial Partners was founded in 2000 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 8 of 8
Sector (Software) 1 of 1
Type (Growth Capital) 1 of 1
State (North Carolina) 2 of 2
Country (United States) 8 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-22 Bank of North Carolina

High Point, North Carolina, United States

BNC Bancorp., the parent company of Bank of North Carolina, is a commercial bank with $3.7 billion in assets. BNCN provides a complete line of banking and financial services to individuals and businesses through its 48 banking offices in North and South Carolina.

Buy $1.9B
Mergr

Product

Company

Legal