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Knox & Co. advises The Revere Group, Ltd. on
its acquisition of Tryarc, LLC
PRESS RELEASE
FOR IMMEDIATE RELEASE
 Westport,
CT, August 2, 2007 – Knox & Co., (“Knox”),
a leading investment bank for middle-market and cross-border mergers
and acquisitions, announced today that it acted as exclusive financial
advisor to The Revere Group, Ltd. (“Revere”), a majority-owned
subsidiary of NTT Data International L.L.C. (“NTT Data”)
in connection with its purchase of substantially all of the assets
of Tryarc, LLC (“Tryarc”). Tryarc, founded in 2001 and
headquartered in Los Angeles, California, is a full service IT consulting
firm specializing in financial systems and custom application development.
Tryarc provides SAP and Business Objects System Implementation,
Custom Application Development and Integration, Business Process
Outsourcing and Management Consulting to a diversified base of clients
in the U.S.
Tryarc, founded in 2001 and headquartered in Los Angeles, California,
is a full service IT consulting firm specializing in financial systems
and custom application development.
Tryarc provides SAP and Business Objects system implementation,
custom application development and integration services, as well
as business process outsourcing and management consulting to a diversified
base of clients in the U.S.
Michael Baisley, Managing Director, and Matthew Andrejkovics, Associate,
at Knox & Co. were lead bankers on this transaction, the value
of which was not disclosed.
“We are witnessing significant consolidation in the professional
consulting and IT services marketplace – and in a sector where
the senior managers are the key assets, it can be a serious challenge
to find and structure a deal that mitigates risk” said Mr.
Baisley, “We expect M&A activity to stay strong in middle-market
and lower middle-market for IT services – especially for those
firms with upper-tier partnerships with SAP, Oracle and Microsoft,”
he added.
Knox & Co. has completed three transactions for NTT Data group
companies in the past two years. Knox & Co. worked with Revere
in developing and refining its M&A growth strategy in late 2006
and early 2007. After identifying and contacting a number of potential
acquisition targets with complementary service offerings in geographies
of interest to Revere, Tryarc quickly emerged as a leading candidate
for Revere’s West Coast growth strategy. In addition to the
initiation of the transaction, Knox & Co. provided valuation,
structuring and negotiating advice to Revere in connection with
its acquisition.
It was a pleasure working with Knox & Co. on this transaction,”
said Michael Horne, Revere’s Executive Vice President for
the Western region. “Knox not only knew and understood our
strategy but worked collaboratively to help us achieve our goals.
Michael Baisley’s and Matt Andrejkovics’ knowledge of
the IT services market, deal structures and valuation drivers in
our business was invaluable,” he added.
Knox & Co. is an investment banking, consultancy and advisory
firm specializing in two complementary advisory disciplines: Investment
Banking and Corporate Reorganization. The firm undertakes assignments
throughout North America and, when necessary, overseas. Knox &
Co. conducts its securities-related business through its wholly
owned subsidiary, Knox Securities Corp., member FINRA. Knox &
Co. has advised on more than 200 middle-market merger and acquisition
and financial advisory assignments since its inception.
Contact:
Michael D. Baisley
Knox & Co.
203-226-6288 Ext. 118
mbaisley@knoxcorp.com
Nick Kilsby
Creative Partners
Direct: 203-705-9202
kilsby@creativepartners.com
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