When Sachs Capital Group decided to acquire RMG Networks, they made the decision to bring in Chicago’s Madison Street Capital in order to serve as their exclusive advisor. This international investment banking boutique connected them with the financing they needed which was provided by Merion Investment Partners and Virgo Capital.
RMG Networks is a firm that creates digital signage software, hardware, and services. They have more than half of the Fortune 100 as their clients. The Madison Street Capital manager that led his team’s efforts to manage this deal was Senior Managing Director Barry Petersen.
After the acquisition was completed Sach Capital Group’s Chief Executive Officer Gregory H. Sachs said that he was very pleased with the council that he was provided with by Madison Street Capital. They identified which financing firms would be the best fit for Sachs Capital Group and managed all of the details right up through when the deal closed.
Barry Petersen released a statement in which he said that he really enjoyed working with Gregory Sachs in order to close this private transaction. He found is a really interesting deal and feels that RMG Networks is poised to launch into further growth opportunities. He was especially interested in their new platform, Korbyt, which is used for corporate communication and digital signage in a cloud-based atmosphere.
As RMG Networks was taken private by Sach Capital Group their existing shareholders needed to be compensated. They had been trading on the NASDAQ Stock Exchange under ticker symbol RMGN. The shareholders were paid $1.29 per share in cash when this company ceased being publically traded on September 28, 2018.
Madison Street Capital was established in 2005 and has its headquarters in Chicago, Illinois. They now have additional offices in Africa and Asia as well. They will soon be opening an office in Austin, Texas, as well. They are an investment banking boutique that offers their services to mid-sized firms throughout the world. this company was founded by two entrepreneurs, Charles Botchway and Anthony Marsala, who both had years of experience in the financial industry.
They offer several financial services to their global clients. This includes providing advisory services during mergers and acquisitions transactions, financial asset management services, business valuation services, financial reporting, raising capital, tax planning, and wealth preservation. The team at Madison Street Capital reputation resolves around deep experience in multiple industries including financial services, medical devices, technology, aerospace, energy, construction, agriculture, and manufacturing.
Connect with Madison Street Capital on LinkedIn.