For Immediate Release
LockeBridge Capital Partners announced that it has acted as the exclusive financial advisor to ListEngage, Inc. on the acquisition by Broadtree Partners.
LockeBridge Capital Partners, a Boston area investment bank focused on mergers, acquisitions, divestitures, valuations and capital raises, announced today that it has acted as the exclusive financial advisor to List Engage, Inc. on the acquisition by Broadtree Partners. Founded in 2005, ListEngage is a premier Salesforce digital marketing services provider which assists companies to turn customer data into actionable email, mobile and social communications. For the past four years the Company has been named in the “Inc. 5000” as one of the fastest growing private companies in the country.
Mr. Altaf Shaikh the founder and CEO commented, “ListEngage has a solid reputation for providing stellar services in the high growth Salesforce ecosystem and the demand for our services has been growing rapidly. Many of the ListEngage clients include some of the most well-respected companies in the world. Keeping our clients’ success in mind, staying one step ahead was critical and adding additional resources from Broadtree will help us service our existing clients better and will allow us to add more clients to an already impressive roster. After LockeBridge thoroughly assessed both my personal objectives as well as the Company’s needs, they provided valuable advice on how best to capitalize on our future growth potential. LockeBridge both introduced us to Broadtree Partners, which is a great fit for ListEngage, and guided us through the entire process”.
Broadtree Partners is a registered investment advisory firm consisting of entrepreneurial investors focused on acquiring asset light businesses. Mr. Bryan da Frota, Principal of Broadtree Partners states, “The ListEngage opportunity and the growth potential were obvious to us from day one. The two Scott’s, Waxler and Hansen, were invaluable in the process. In fact, the deal could not have been closed without their much-appreciated consultation. In my experience, the seasoned expertise that LockeBridge brought to the transaction was quite atypical of bankers working at this transaction size, and even much larger deals. We look forward to working with Altaf and the tremendous pool of talent at ListEngage.”
Scott Waxler, LockeBridge’s Managing Partner, commented “The pace of change in the technology, media and telecom sector has never been faster and is continuing to increase. Accelerating technology adoption rates and shorter product life cycles, are requiring increasingly creative M&A and capitalization solutions. As demonstrated with the ListEngage transaction, LockeBridge is well positioned to promptly and efficiently assess, advise and execute on its rapidly changing clients’ needs which are a result of often transformational new technology development and deployment.