LockeBridge, a Boston based investment bank focusing on mergers, acquisitions and capital raises, announced today that it has acted as the exclusive financial advisor to Intac International in its sale to Brook Venture Partners. Intac International is an award-winning developer and distributor of business automation and management software for small and medium sized field service, installation, and construction companies.
After representing Intac to both potential corporate strategic buyers and private equity groups and receiving multiple builds, we were quite please to conclude the transaction with Brook Venture Partners. “We believe that Brook will add substantial resources to Intac and succeed in both expanding the Company’s market share as well as introduce new offerings within both the Company’s traditional installed based and new markets.”, said Scott Waxler, Managing Partner at LockeBridge. Lenny Lozinsky, Managing Director at LockeBridge, adds “Brooks experience in SaaS based applications will greatly benefit Intac by enabling its customers to receive such advantages as: economies of scale through multitenancy, reduced implementation time, faster access to upgrades and lower up-front costs.”
Intac’s software is used by over 6,000 companies with more then 50,000 users spanning every state and multiple countries. The Company’s customers are involved in all aspects of field service from installation to service and maintenance; from residential to commercial and industrial.
Since 1995, Brook Venture Partners has invested in or acquired controlling interest in over 40 expansion stage companies in the Northeastern and Mid-Atlantic US. The group is primary focused on profitable companies in the Information Technology and Healthcare IT sectors.