In the news

Reynolds Advisory Partners acts as exclusive financial advisor to Mitsubishi Electric on its purchase of Smarter Grid Solutions

LOS ANGELES, California — Reynolds Advisory Partners, LLC (“RAP” or “Reynolds”) acted as the exclusive financial advisor to Mitsubishi Electric Power Products, Inc. (“MEPPI”) of Warrendale, Pennsylvania and its parent company Mitsubishi Electric Corporation (“MELCO”) of Tokyo, Japan on their acquisition of Smarter Grid Solutions (“SGS”) of Glasgow, Scotland, United Kingdom. MELCO and MEPPI announced the definitive agreement to acquire SGS on August 9, 2021, and the transaction closed on August 19, 2021. Financial terms of the transaction were not disclosed.

Reynolds Advisory Partners

Reynolds Advisory Partners announces hiring new Managing Director

Reynolds Advisory Partners (“RAP”) is pleased to announce the addition of Pete Boukouzis as Managing Director. Based in our Los Angeles office, Mr. Boukouzis will focus on mergers and acquisitions (M&A) in the Industrial and Energy sectors. Mr. Boukouzis is a prominent career investment banker with over 20 years of investment banking experience. Pete previously retired as the Managing Director and Head of U.S. Energy M&A at Bank of Montreal Capital Markets (“BMO”) based in Houston, Texas. At BMO, Mr. Boukouzis also served as a member of the firm’s Fairness Committee. Prior to BMO, Mr. Boukouzis worked in New York City as a Director at Rothschild, Inc. in the Merger & Acquisitions Group and an Associate Director at UBS.

Reynolds Advisory Partners advises ScanData Systems on its sale to Transplace

ScanData is a recognized leader in Multicarrier Parcel Transportation Management Systems (PTMS) software. ScanData’s PTMS is designed to be integrated into automated and high-volume supply chain environments with complex optimization requirements, offering single-site to enterprise-wide solutions for shipping, labeling, and manifesting. ScanData is based in Austin, Texas and was a portfolio company of Craftsman Capital, a private equity firm based in Dallas, Texas.

Reynolds Advisory Partners acts as Exclusive Financial Advisor to Conco Services Corporation in its Recapitalization.

Founded in 1923, Conco is the leading provider of low-pressure, mechanical heat exchanger tube cleaning and non-destructive testing services to power generation and industrial companies. Long recognized as a the technological and market leader in the mechanical cleaning of condenser and heat exchanger tubes, Conco leverages its advanced systems to provide environmentally friendly, safe services improving customer operations and maintenance practices. Conco’s proprietary product applications result in significant cost savings for its customers through immediate improvements in plant heat transfer rate, megawatt output, fuel consumption, and CO2 emissions, while reducing water usage, time, and expense in the cleaning process.

Reynolds Advisory Partners acts as Exclusive Financial Advisor to Jada Toys, Inc. on its Sale to Simba Dickie Group

Jada Toys is a leading manufacturer of collectible die-cast model cars and figurines, radio-controlled vehicles, and other toys and collectibles, including under licensed brands with major media-entertainment content producers and under multiple Company-owned brands. Jada Toys was founded in 1999 by the husband-and-wife team of Jack and May Li, who continued to own the Company until the sale to Simba Dickie.

Reynolds Advisory Partners acts as Exclusive Financial Advisor to Afinety, Inc. on its Sale to Netgain Technology

Afinety, Inc., a leading provider of cloud services and IT resources to law firms, was recently acquired by Netgain Technology, LLC. Netgain, a leading provider of secure and specialized cloud services to highly regulated industries, continues its aggressive nationwide expansion with the acquisition of Afinety. Founded in 1986, Afinety combined high-performance cloud solutions with superior customer service to build a strong and loyal client roster. The Afinety Cloud Platform (”ACP”) is a rapidly growing, market-leading service that gives law firms cloud-based IT scalability, performance, and security.

Reynolds Advisory Partners acts as exclusive financial Advisor to Fine Tec on its sale to Exclusive Group

James Shen, the Founder and President of Fine Tec, commented as follows: “From beginning to end, Brian MacLeod [of Reynolds Advisory Partners] provided expert advice and leadership in managing the M&A process and executing the transaction, including addressing the various issues that arose along the way. I am grateful to have had Brian’s experienced and dedicated assistance, which was essential to achieving a successful result in the transaction.”

Reynolds Advisory Partners acts as exclusive financial Advisor to TSI on its sale to Applied Software

Tammy Ford, the CEO of TSI, commented as follows: “We very much appreciated the expert assistance of Brian MacLeod [of Reynolds Advisory Partners], who provided us with dedicated assistance through to the successful result in our M&A process, including addressing the various issues that we encountered along the way (often in creative ways, to reach a positive outcome). Brian was an essential element in ensuring that the transaction was completed while meeting our stakeholders’ objectives for the transaction.”

Reynolds Advisory Partners acts as exclusive financial Advisor to Quote Software on its sale to ConstructConnect, a subsidiary of Roper Technologies

QuoteSoft is a leading supplier of building information modeling (”BIM”), estimating, bidding, and takeoff software (including software-as-a-service, or “SaaS”), with a loyal and growing customer base among plumbing and mechanical contractors. QuoteSoft is a privately held software company based in Eugene, Oregon. The transaction closed on January 2, 2018, and it was publicly announced by ConstructConnect on January 11, 2018. Financial terms were not disclosed.

Reynolds Advisory Partners acts as exclusive financial Advisor to E-Seek on its sale to Veridos

E-Seek, based in San Diego, California, is a leading developer and marketer of unique ID card readers and authentication devices, for driver’s licenses and other identification cards. E-Seek produces devices that quickly and accurately read and collect data (including images and security features) contained within driver’s licenses and other ID cards, and its M500 authentication product is able to quickly and accurately collect data for purposes of authenticating such cards.

Reynolds Advisory Partners acts as Exclusive Financial Advisor to Diamond Technology Innovations, Inc. on its sale to Alleghany Capital Corporation portfolio Company Bourn & Koch

Terry Derrico, President of Bourn & Koch, commented, "The acquisition of DTI enhances Bourn & Koch’s existing business in machine tool consumables and spare parts and provides an entrance into the waterjet market, one of the faster growing segments within the machine tool industry. We are excited to partner with the talented team at DTI and believe that both companies’ employees, suppliers, and customers will benefit from this combination. Ted Jernigan will continue at DTI in his role as President and the company’s day-to-day operations will not be impacted by the transaction. As part of the Bourn & Koch family, DTI will be well positioned to accelerate its growth by leveraging our presence within the global machine tool market and the resources of Alleghany Capital."

Reynolds Advisory Partners acts as Exclusive Financial Advisor to FibeRio on its Sale to CLARCOR Inc.

“Reynolds Advisory Partners helped deliver an outstanding result for FibeRio and its shareholders,” said Doug Reynolds, Founder, CEO and Managing Director of RAP, who led the transaction execution team. The project was originated at RAP by Doug Reynolds and Brian MacLeod, who heads Reynolds’ technology advisory practice. Doug Reynolds added: “This transaction is representative of our firm’s ability to assist growing and successful private companies in maximizing value through synergistic transactions with strategic acquirers like CLARCOR.”