Honors include Information Technology Deal of the Year ($10MM-$50MM), Corporate/Strategic Deal of the Year ($10MM-$25MM), Private Equity Deal of the Year ($10MM-$25MM) and M&A Deal of the Year ($10MM-$25MM)
WASHINGTON, DC (Tuesday, September 5, 2023) Ascend Capital Group, a middle-market investment banking firm providing buy-side and sell-side advisory services, is proud to share it is a finalist in four categories for the 22nd Annual M&A Advisor Awards.
The M&A Advisor Awards recognize dealmaking excellence for outstanding transactions, deal teams and professionals. The M&A Advisor evaluated Ascend’s support of Interware Development in its acquisition by Avenu according to the deal’s profile, challenges and benefits, ultimately naming Ascend a finalist in the categories of Information Technology Deal of the Year ($10MM-$50MM), Corporate/Strategic Deal of the Year ($10MM-$25MM), Private Equity Deal of the Year ($10MM-$25MM) and M&A Deal of the Year ($10MM-$25MM).
“We are honored to be recognized by the M&A Advisor for the work we have completed on behalf of our amazing clients,” said Ascend Managing Director DJ Palmer. “It was a pleasure working with the Interware Development team and offering strategic guidance to ensure they found the right partner to meet all their objectives.”
Winners will be announced at an awards gala during the 2023 Future of Dealmaking Summit on November 14-15, 2023 in New York City. Click here for a complete list of finalists for the 22nd Annual M&A Advisor Awards.
About the Transaction:
Ascend Advises Interware Development in its Acquisition by Avenu & Mill Point Capital
The integration of Interware’s dynamic payment solutions and Avenu’s mature sales and marketing framework highlights the importance of unifying solutions under one umbrella, allowing state and local governments to collect permitting & licensing, utilities, and tax revenue more efficiently.
“DJ and the Ascend team spent endless hours with our family prior to launching a transaction to understand our collective and individual objectives,” said Interware President & CEO Sandy Rowe. “They were knowledgeable and responsive, helping us not just maximize value but find a partner we could feel truly good about taking on our family’s legacy and providing our employees, customers, and products new opportunities to flourish and thrive. The success of this outcome is a direct result of their deep expertise in the GovTech space and, most importantly, in leading us as founders through the very emotional and complex process of selling our business.”