Focus Strategies Secures Buyer for ScanData Systems
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Austin, Texas (February 22, 2017) – ScanData Systems (ScanData) has been acquired by Craftsman Capital Partners (Craftsman Capital). Focus Strategies Merchant Banking, LLC (Focus Strategies) served as the exclusive advisor to ScanData throughout the transaction.
ScanData, a shipping and logistics software solutions company, was founded in 1986. The Austin-based company powers parcel, package, and packet shipping logistics for some of the largest Fortune 500 companies in the world. ScanData is currently operating in over one thousand locations and has been used to ship over ten billion packages.
“The advice and direction that Focus Strategies provided was outstanding,” Rob Adams, Interim CEO of ScanData said. “This transaction had quite a few barriers that would have been extremely difficult to navigate without their expertise. I also credit Craftsman Capital for their professionalism and ability to close this complex acquisition.”
This engagement required approval from probate court and created a more involved and time consuming process, compared to a typical acquisition process. Craig Hopper, Administrator of the estate of ScanData’s founder, said, “Focus Strategies worked hard in finding the right buyer that understood our unique situation. They worked with us throughout the entire process to ensure a successful closing.”
For more information, please contact Lauren Greenwood at firstname.lastname@example.org or call 512-477-3280.
Tags: Closing Announcements