Honors include U.S.A. Corporate M&A Deal and U.S.A. GovTech & Services Deal.
TYSONS, VA (May 2, 2023) – Ascend Capital Group (“Ascend”), a middle-market investment banking firm providing buy-side and sell-side advisory services, is proud to announce that at last week’s M&A Atlas Awards gala, the firm received two awards recognizing outstanding dealmaking in 2022.
Global M&A Network recognized the achievements of successful dealmakers and outstanding firms, as well as the best growth delivering transactions, during the Annual USA Middle Market Atlas Awards celebration held on April 27, 2023, in Washington, D.C. At the awards presentation, Ascend was named the winner of the U.S.A. Corporate M&A Deal as the exclusive financial advisor to HC Nye in its Merger with Gil-Bar and the U.S.A. GovTech & Services Deal as the exclusive financial advisor to Interware in its Acquisition by Avenu.
“I am proud to accept these awards on behalf of the Ascend team,” said DJ Palmer, Managing Director at Ascend. “This recognition highlights our dedication to the pursuit of excellence in delivering a first-class investment banking proposition to our clients and contributing positively to the industry’s innovation and development.”
U.S.A. Corporate M&A Deal—Ascend Advises HC Nye in its Merger with Gil-Bar
The merger between the two companies will expand HC Nye’s efforts to provide modern HVAC systems and strategic solutions in an ever-changing and increasingly complex post-pandemic environment.
“The Ascend team impressed me early on with their eagerness to negotiate the deal terms most important to us and create transparency through a data-driven approach,” said Buck Nye, President of HC Nye. “My appreciation only grew as they navigated us through the complexities of the transaction, ensuring we were well-represented throughout the process.”
U.S.A. GovTech & Services Deal—Ascend Advises Interware in its Acquisition by Avenu
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 Sandy Rowe, President & CEO of Interware. “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.”
