Business, e-Commerce, Government Payment Solutions, Justice and Payments market

Avenu Insights & Analytics Announces Strategic Acquisition of Judicial Innovations

CENTREVILLE, Va. -- Avenu Insights & Analytics ("Avenu"), the global leader in revenue recovery and administrative solutions for state and local governments, is excited to announce its acquisition of Judicial Innovations, a pioneering provider of cloud-based payment and case management solutions. This acquisition marks Avenu's second payment solution acquisition in 2024, underscoring its commitment to investing in government payment technologies and expanding its Justice Solution set including Avenu | Court, Avenu | Jury, and Avenu | Payments.

Judicial Innovations is recognized for its innovative approach to simplifying government payment processes through its fully integrated, user-friendly platform. This strategic acquisition not only aligns with Avenu's dedication to enhancing its service offerings but also represents a significant step forward in combining powerful technology with practical, government-focused solutions.

Empowering Modern Government with Integrated Solutions

The integration of Judicial Innovations into Avenu's suite of services creates unparalleled synergy, especially within Avenu's Justice Solution suite. Judicial Innovations' platform, known for its accessibility, robust reporting, and seamless integration capabilities, perfectly complements Avenu's mission to provide comprehensive solutions that meet the dynamic needs of government agencies and their constituents.

A Future Focused on Innovation and Efficiency

Avenu's acquisition of Judicial Innovations not only signifies a commitment to advancing government operations through technology but also highlights the importance of modern, secure, and efficient payment processing systems.

"This acquisition is a testament to our strategic vision of creating a more cohesive, user-friendly experience for government agencies and the communities they serve," stated Paul Colangelo, CEO of Avenu Insights & Analytics.

"We are truly excited to partner with Avenu Insights & Analytics," said Jarrett Gorlin, CEO of Judicial Innovations. "As a leader in the Justice and Payments market, this partnership represents a tremendous opportunity to further enhance our innovative solutions and expand our impact on government operations nationwide."

About Judicial Innovations

Judicial Innovations stands at the forefront of government payment solution providers, offering a cloud-based platform that simplifies and streamlines the payment and case management process for government agencies nationwide. Its focus on modernization, security, and efficiency has made it a preferred choice for agencies looking to improve their operations and service delivery.

About Avenu Insights & Analytics

Over 4,500 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue recovery solutions. Avenu's comprehensive software solutions digitally transform government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Arlington Capital Partners. Visit https://www.avenuinsights.com/.

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-area private equity firm that has raised $8 billion in limited partner commitments since inception. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software. The firm's professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field. For more information, visit Arlington Capital's website at https://arlingtoncap.com/ and follow Arlington on Linkedin.

Related link: https://www.avenuinsights.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business

Deacon Jones Automotive expands reach with acquisition of Sale Auto Mall in Kinston, North Carolina

SMITHFIELD, N.C. -- Deacon Jones Automotive, a leading dealership group based in Smithfield, North Carolina, is proud to announce its recent acquisition of Sale Auto Mall Stores (BMW, Chevrolet, GMC & Ford) located in Kinston, North Carolina. This strategic move, in a desired partnership with Capital Automotive of Raleigh NC, marks a significant expansion for Deacon Jones Automotive, further solidifying its position as a premier destination for automotive sales and service in the region.

Deacon Jones Automotive's addition of Sale Auto Mall now boasts an even wider selection of top automotive brands, providing customers in the Kinston and the eastern NC region with access to an unparalleled inventory, and unrivaled customer service. This acquisition aligns with Deacon Jones Automotive's commitment to delivering an exceptional customer experience and fostering long-term relationships within the communities it serves.

Ken Jones, President & CEO of Deacon Jones Automotive, expressed his enthusiasm for the acquisition, stating, "We are thrilled to welcome Sale Auto Mall Stores into the Deacon Jones family. We are also elated to with addition of our first luxury import brand BMW! This expansion allows us to better serve our customers in Kinston and surrounding areas, offering them a diverse range of quality vehicles and exceptional service."

For over 40 years Deacon Jones Automotive has built a reputation for excellence, with a dedicated team of professionals who prioritize customer satisfaction above all else. By combining the strengths of both organizations, Deacon Jones Automotive aims to elevate the car-buying experience for its customers and continue its tradition of providing unparalleled value and service.

For more information about Deacon Jones Automotive, please visit https://speakindeacon.com/.

About Deacon Jones Automotive:

Deacon Jones Automotive is a trusted dealership group based in Smithfield, North Carolina, offering a wide selection of new and used vehicles from top automotive brands. With a commitment to customer satisfaction and community engagement, Deacon Jones Automotive has become a preferred destination for car buyers in the region.

Related link: https://speakindeacon.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Manufacturing

Matrix Advises on the Sale of Hicks Oils’ Lubricants Business to Schaeffer Manufacturing Company

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Hicks Oils & Hicksgas, Incorporated ("Hicks" or the "Company") on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company ("Schaeffer"). Hicks Oils is a premier independent lubricant blending and packaging business in southern Illinois that produces automotive and industrial lubricants. Schaeffer, founded in 1839 and based in St. Louis, produces and sells a broad range of synthetic motor oils, industrial lubricants, hydraulic fluids, and other related products.

Based in Du Quoin, Illinois, Hicks Oils was formed in 1978 by C. W. Hicks as a further expansion of his integrated petroleum operations, with the initial goal of providing products and services to the local coal mining industry. In 1989 upon the passing of Mr. Hicks, his grandsons Todd and Shawn Coady joined the Company and took over running the lubricants business and the family's multiple other companies. Shawn Coady currently serves as President of the business and Todd as Vice President. Throughout the 1980's and 1990's as markets changed, the business evolved and expanded to include contract packaging, private label, and company branded products. Today, Hicks Oils blends and packages motor oil, hydraulic fluid, gear lubes, transmission fluids and various specialty lubricants for distributors, major oil companies, OEMs, and after-market providers.

Matrix provided merger and acquisition advisory services to the Company, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by John Underwood, Managing Director; Vance Saunders, CPA, Managing Director; Andrew LoPresti, CPA, CFA, Vice President; Jared de Perio, Analyst.

Dr. Shawn Coady, President of Hicks said, "When I decided to sell the business, I had significant experience with Matrix from various propane market transactions and was confident they were the right company to handle the transaction. Hicks Oils is a unique business, and they did an exceptional job handling the sale. I am very pleased with Schaeffer as the buyer. I believe the strategic and cultural fit of the two companies will provide significant growth opportunities, as well as a great work environment for Hicks' employees."

Mr. Underwood added, "We have valued our relationship with Dr. Coady for many years and we were honored when he chose Matrix to sell the Hicks' lubricants blending and packaging business. We very much appreciate the trust that Shawn placed in the Matrix team and the contributions from him and his operating team during the sales process."

Bill Scott of Allen & Korkowski & Associates served as legal counsel for Hicks.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Advertising and Marketing, Beach Automotive, Business, Chevrolet

Beach Automotive Acquiring Jud Kuhn Chevrolet Dealership

RALEIGH, N.C. -- In a buy-sell by the dealer group, Beach Automotive has purchased the dealership formally known as Jud Kuhn Chevrolet. The dealership was renamed to Beach Chevrolet on finalizing the purchase, January 24, 2024.

Jud Kuhn Chevrolet has been a one-stop shop for Chevrolet owners in the Little River market for multiple years and the purchase made by Beach Automotive looks to only keep that same consistency moving forward.

Beach Chevrolet will be selling new Chevrolets, used vehicles, and will have a fully operating service shop where everything, as always, is Backed by Beach!

Beach Automotive invites new and former customers to stop by and meet the new team representing Beach Chevrolet. The auto group is delighted to welcome this new dealership to the Beach Automotive family!

The dealership, same as the dealer group, will be digitally represented by Sokal, an automotive advertising agency based in North Carolina. They are fully planning to rebrand to Beach Chevrolet to coincide with their current dealer group name.

For more information about Beach Chevrolet, please visit their dealer group website at: https://www.beachautomotive.com/.

About Sokal:

Headquartered in Raleigh N.C., Sokal is one of largest automotive advertising agencies in the country. The company specializes in digital marketing (SEO, paid search, CTV, pre-roll and display ads) and award-winning website design, and maintenance. Sokal also boasts a full-service agency experience with experts trained to execute everything from radio and television production, ad design, direct mail, media buying and much more.

For more information about Sokal, please visit their website at: https://www.gosokal.com/.

Related link: https://www.beachautomotive.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Ferrellgas Partners L.P., OTC: FGPR, propane retailers

Matrix Advises on the Sale of Eastern Sierra Propane to Ferrellgas Partners, L.P.

BALTIMORE, Md. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Eastern Sierra Propane ("Eastern Sierra" or the "Company") on its sale to Ferrellgas Partners, L.P. (OTC: FGPR) ("Ferrellgas"). The Company is one of the premier propane retailers in the Eastern Sierra Nevada mountain range, serving both residential and commercial customers.

The Company was founded in 1993 in Bishop, CA by Tom Sigler and Rudy Forster. Initially, Eastern Sierra was run out of Tom Sigler's house, and propane storage was obtained by using a 12,000-gallon tank at a customer's location in exchange for installing vapor meters on his gas dryers. It soon became very clear that the Company needed a much larger space and their own propane storage. As such, the Company leased a nearby property in Bishop, CA and installed their first 30,000-gallon propane tank.

Tom Sigler subsequently acquired Rudy Forster's 50% ownership interest, and Tom along with his son, Jason Sigler who joined in 1998, have significantly grown the Company over the last two plus decades.

Matrix provided merger and acquisition advisory services to the Company, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Sean Dooley, CFA, Managing Director; Spencer Cavalier, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group and Nate Wah, CPA, Senior Associate.

Tom Sigler, President and Shareholder of Eastern Sierra, said, "When I decided to sell my business I researched companies who had the best transaction closing results, and I found that Matrix Capital was the top firm. They were helpful by first providing me with a valuation of my business and then finding a buyer who was the best fit for my employees and customers. I am glad that I made the decision to choose Matrix for there were many challenges along the way and they were there to help. Sean Dooley and Nate Wah were more than helpful in walking me through those challenges. I would recommend Matrix to anyone who was considering selling their business."

Mr. Dooley added, "We very much appreciate the trust that Tom placed in us to advise him on the sale of the Company that he and his family worked so hard to build. It was a pleasure working with him and the Ferrellgas team on this transaction, and we wish Tom and Jason all the best in their future endeavors."

Stephen Kappos served as legal counsel for Eastern Sierra.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.​​​​​​​

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products. For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, electrical transformer equipment, Electronics, Manufacturing, merger and acquisition advisory services

Matrix Advises on the Sale of Shape LLC

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Shape LLC ("Shape" or the "Company") to an undisclosed buyer. Prior to the sale, Shape was owned by funds managed by Gen Cap America, Inc. ("Gen Cap"), a private investment firm headquartered in Nashville, Tennessee.

For over half a century, Shape has operated as the premier manufacturer and designer of custom electrical transformer equipment, with its products utilized to regulate output current and ensure constant power across multiple end-uses. From its 40,000 square foot facility in Addison, Illinois, the Company supports the mission-critical needs of its international customer base. Shape's engineers and management team possess over a century of collective experience and were the architects of the ferroresonant transformer, a power supply that uses nonlinear magnetic properties and a resonant circuit to provide a stable output. This technology is particularly applicable to airport lighting, semiconductors, power supplies, and ultraviolet curing. Shape has become an integral piece of its customers' supply chains, as evidenced by numerous decades-long relationships. Following the transaction, all three of Shape's management-owners, Greg Babecki (CEO), Doug Hickey (COO), and David Lanes (CFO), will retain all existing day-to-day responsibilities.

Regarding the transaction, Mr. Babecki commented, "We are excited to have found a partner that both appreciates and complements our Company's unique offerings. We believe there are numerous benefits to this acquisition for our valued employees, customers, and vendors." He added, "We are grateful for Gen Cap's stewardship and partnership over the past nine years and are thrilled for what the next chapter alongside our new partners will bring us."

Matrix provided merger and acquisition advisory services to Gen Cap and Shape, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director; and Matt Oldhouser, CPA, Vice President.

Regarding Matrix's services, Gen Cap Director, James Byrd added, "The Matrix team took a thoughtful and hands-on approach to all aspects of the transaction. At every juncture, they provided us with sound explanations underlying their advice. We believe we achieved the optimal outcome based on their experience and counsel."

"It was a pleasure to represent Gen Cap on another divestiture from their portfolio. This is yet another example of a successful investment by their talented team," Mr. O'Flaherty noted. "Shape is a fantastic business managed by exceptional people. I have no doubt that Greg, Doug, and Dave will find success alongside their new partners."

Edward Burrell, Stuart Campbell, and Thomas Dozeman of Stites & Harbison, PLLC served as legal counsel for Shape. Mark Patterson and Chris Hight of KraftCPAs PLLC provided tax and accounting advisory services to the Company.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, electrical transformer equipment, Electronics, Manufacturing, merger and acquisition advisory services

Matrix Advises on the Sale of Shape LLC

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Shape LLC ("Shape" or the "Company") to an undisclosed buyer. Prior to the sale, Shape was owned by funds managed by Gen Cap America, Inc. ("Gen Cap"), a private investment firm headquartered in Nashville, Tennessee.

For over half a century, Shape has operated as the premier manufacturer and designer of custom electrical transformer equipment, with its products utilized to regulate output current and ensure constant power across multiple end-uses. From its 40,000 square foot facility in Addison, Illinois, the Company supports the mission-critical needs of its international customer base. Shape's engineers and management team possess over a century of collective experience and were the architects of the ferroresonant transformer, a power supply that uses nonlinear magnetic properties and a resonant circuit to provide a stable output. This technology is particularly applicable to airport lighting, semiconductors, power supplies, and ultraviolet curing. Shape has become an integral piece of its customers' supply chains, as evidenced by numerous decades-long relationships. Following the transaction, all three of Shape's management-owners, Greg Babecki (CEO), Doug Hickey (COO), and David Lanes (CFO), will retain all existing day-to-day responsibilities.

Regarding the transaction, Mr. Babecki commented, "We are excited to have found a partner that both appreciates and complements our Company's unique offerings. We believe there are numerous benefits to this acquisition for our valued employees, customers, and vendors." He added, "We are grateful for Gen Cap's stewardship and partnership over the past nine years and are thrilled for what the next chapter alongside our new partners will bring us."

Matrix provided merger and acquisition advisory services to Gen Cap and Shape, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director; and Matt Oldhouser, CPA, Vice President.

Regarding Matrix's services, Gen Cap Director, James Byrd added, "The Matrix team took a thoughtful and hands-on approach to all aspects of the transaction. At every juncture, they provided us with sound explanations underlying their advice. We believe we achieved the optimal outcome based on their experience and counsel."

"It was a pleasure to represent Gen Cap on another divestiture from their portfolio. This is yet another example of a successful investment by their talented team," Mr. O'Flaherty noted. "Shape is a fantastic business managed by exceptional people. I have no doubt that Greg, Doug, and Dave will find success alongside their new partners."

Edward Burrell, Stuart Campbell, and Thomas Dozeman of Stites & Harbison, PLLC served as legal counsel for Shape. Mark Patterson and Chris Hight of KraftCPAs PLLC provided tax and accounting advisory services to the Company.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, CEO Prashant Upadhyaya, Global Growth, Greg Lindberg, Quadro SPAC, Special Purpose Acquisition Company

Group of Greg Lindberg’s Companies to Merge with Quadro Acquisition One Corp. in $3 Billion Deal

TAMPA, Fla. -- Entrepreneur Greg Lindberg is set to merge about 38 percent of his investments with Quadro Acquisition One Corporation, a NASDAQ-listed Special Purpose Acquisition Company ("Quadro SPAC"). The group of Lindberg's investments, consisting of seven operating companies and their subsidiaries, is currently part of the portfolio of companies known as the "Global Growth Companies."

Quadro SPAC is a blank check company that was formed to acquire high-growth companies globally. The merger is expected to be completed later this year and is subject to court and regulatory approval. The transaction is also subject to approval by the stockholders of Quadro SPAC and other customary closing conditions, including the filing of Quadro SPAC's registration statement and it being declared effective by the U.S. Securities and Exchange Commission (the "SEC").

The group of seven Lindberg companies has an estimated pro-forma enterprise value of $3 billion and is expected to go public later this year upon the closing of the transaction with Quadro SPAC.

The Global Growth Companies are a collection of "high barrier to entry" and high recurring revenue businesses in software, cloud-based IT services, and health care services in fast growing post-acute markets.

The surviving company in the merger is expected to be led by Prashant Upadhyaya as CEO. Upadhyaya is a seasoned business executive with over 28 years of experience in Advertising and Marketing, Media and Publishing, Certifications, Research & Consulting as well as Healthcare IT. Lindberg will not be an officer or director of the surviving company.

"We're excited to work with Quadro SPAC to allow the public to invest in our companies for the first time," said Mr. Upadhyaya.

Mr. Lindberg believes the companies to be merged with Quadro are well positioned for organic and inorganic growth. Post closing this group of seven Global Growth companies will accelerate its plans for a successful platform acquisition strategy with improved access to capital markets. Management believes that the public-company structure will significantly increase access to debt and equity markets and will allow the group to rapidly close acquisitions from a significant pipeline of potential acquisitions that has been sourced globally.

"The Global Growth formula of value creation is well proven," says Lindberg.

Lindberg expects the merger to provide a number of key benefits:

* Provide more than $2 billion of cash and public securities for the benefit of the policyholders of Lindberg's insurance companies.

* Improve access to capital markets with public-company debt and equity financing.

* Replace certain of the independent trusts within the Global Growth group with public-company oversight for improved accountability and performance focus.

* Enhance transparency with public-company financial report and governance.

* Assist Mr. Lindberg's insurers to exit rehabilitation so that policyholders can access their full policy benefits.

"This transaction demonstrates the strong asset values of the businesses of our group," says Lindberg.

"Policyholders need to feel and know that their policy benefits are secure and accessible. It is up to the courts and regulators now to approve the transaction and pave the way for insureds and their beneficiaries to access their full policy benefits," says Lindberg. "Approval of this transaction by the courts and regulators is a necessary final step to closing the transaction," says Lindberg.

The Global Growth group has been operating through various independent trusts and the merger with Quadro SPAC is expected to significantly enhance accountability to the shareholders by terminating certain of these trusts and by placing these Global Growth Companies under one chief executive officer and chief financial officer.

The merger deal also will provide over $2 billion of capital to support policyholder reserves of Lindberg's insurers.

"Improved access to capital markets and enhanced transparency and accountability from the termination of certain independent trusts will benefit all stakeholders including the policyholders who can't access their funds," says Mr. Lindberg.

Among other conditions to the closing of the business combination, the proposed acquisition of the Global Growth Companies by Quadro SPAC and the related debt and equity financing transactions are subject to court and regulatory approval, including court approval for the repayment of indebtedness to certain affiliated insurance companies.

About Global Growth

Global Growth is a global private firm with investments in healthcare technology, financial services, collectibles, and communications. Since its launch, the firm has developed relationships and invested in new markets and businesses using permanent capital. The group has operations in more than 20 countries and its operating companies employ more than 7,000 people worldwide. For more information, visit https://www.globalgrowth.com/.

About Greg Lindberg

Greg Lindberg is a successful entrepreneur, philanthropist and author. To learn more visit http://www.greglindberg.com/. Over the course of his career, he has acquired and transformed more than 100 companies that were either failing or underperforming, each time finding and empowering great talent-people with the same commitment to hard work, learning, entrepreneurship, and a roll-up-your-sleeves attitude. Today, these companies are worth billions of dollars and employ 7,000 people. His experiences as a leader and related challenges have inspired him to empower people to achieve optimal success through wellness, longevity and leadership. Lindberg also has authored three books: (1) "Failing Early & Failing Often: How to Turn Your Adversity into Advantage," (2) "633 Days Inside: Lessons on Life and Leadership," and (3) "LIFELONG: Quantum Biology, Anti-Aging Science and the Cutting-Edge Program That Will Transform Your Body and Mind." All of his books are available on Amazon. See: https://633days.com/ and see: https://lifelonglabs.com/. In 2020, he founded Interrogating Justice, a non-profit organization whose mission is to bring awareness and help advance solutions that hold corrupt government actors accountable, ensure fairness in sentencing, support reentry, and provide access to justice for all. To learn more visit: https://interrogatingjustice.org/.

FORWARD-LOOKING STATEMENTS

This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Quadro SPAC and the Global Growth Companies have based these forward-looking statements on each of its current expectations and projections about future events. Some of the forward-looking statements are subject to the risk that the courts or regulators will fail to approve the transaction. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and operational metrics. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the Global Growth Companies' and Quadro SPAC's management and are not predictions of actual performance. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may materially differ from assumptions. Many actual events and circumstances are beyond the control of Quadro SPAC and Global Growth. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about Quadro SPAC and Global Growth that may cause each of its actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Such risks and uncertainties include changes in domestic and foreign business changes in the competitive environment in which the Global Growth Companies operate; the ability of the Global Growth Companies to manage their growth prospects, meet their operational and financial targets, and execute their strategy; the impact of any economic disruptions, decreased market demand and other macroeconomic factors, including the effect of the COVID-19 pandemic, to the Global Growth Companies' business, projected results of operations, financial performance or other financial metrics; expectations as to future growth in demand for the products and services of the Global Growth Companies; the ability of the Global Growth Companies maintain and develop their IT systems or data storage, including the security of its product offerings, or anticipate, manage or adopt technological advances within its industry; the Global Growth Companies' reliance on its senior management team and key employees; risks related to the lack of liquidity, capital resources and capital expenditures; failure to comply with applicable laws and regulations or changes in the regulatory environment in which the Global Growth Companies operates; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries that the Global Growth Companies and Greg Lindberg may face; assumptions or analyses used for Global Growth's forecasts relating to the Global Growth Companies proving to be incorrect and causing its actual operating and financial results to be significantly below its forecasts; the failure of the Global Growth Companies to maintain their current level of acquisitions or an acquisition not occurring as planned and negatively affecting operating results; the inability of the parties to successfully or timely consummate the proposed transactions, including the risk that any required regulatory approvals or court orders are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transactions or that the approval of the shareholders of Quadro SPAC is not obtained; the risk that shareholders of Quadro SPAC could elect to have their shares redeemed by Quadro SPAC, thus leaving the combined company insufficient cash to complete the proposed transactions or grow its business; the outcome of any legal proceedings that may be instituted against Global Growth or Quadro SPAC following announcement of the proposed transactions; failure to realize the anticipated benefits of the proposed transactions; risks relating to the uncertainty of the projected financial information with respect to Global Growth; the effects of competition; changes in applicable laws or regulations; the ability of Global Growth to manage expenses and recruit and retain key employees; the ability of Quadro SPAC or the combined company to issue equity or equity-linked securities in connection with the proposed transactions or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the impact of global or regional war or other armed conflict; the impact of the global COVID-19 pandemic or any future pandemic on Global Growth, Quadro SPAC, the combined company's projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; those factors discussed in Quadro SPAC's Quarterly Reports filed by Quadro SPAC with the SEC on Form 10-Q and the Annual Reports filed by Quadro SPAC with the SEC on Form 10-K, in each case, under the heading "Risk Factors," and other documents filed, or to be filed, with the SEC by Quadro SPAC. If any of these risks materialize or the Global Growth Companies or Quadro SPAC 's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither the Global Growth Companies nor Quadro SPAC presently know or that the Global Growth Companies and Quadro SPAC currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Global Growth Companies' and Quadro SPAC 's expectations, plans or forecasts of future events and views as of the date of this communication. The Global Growth Companies and Quadro SPAC anticipate that subsequent events and developments will cause the Global Growth Companies' and Quadro SPAC 's assessments to change. However, while the Global Growth Companies and Quadro SPAC may elect to update these forward-looking statements at some point in the future, the Global Growth Companies and Quadro SPAC specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing the Global Growth Companies' and Quadro SPAC 's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. An investment in the Global Growth Companies or Quadro SPAC is not an investment in any of the Global Growth Companies' or Quadro SPAC's founders' or sponsors' past investments or companies or any funds affiliated with any of the foregoing. The historical results of these investments are not indicative of the future performance of the Global Growth Companies or Quadro SPAC, which may differ materially from the performance of past investments, companies or affiliated funds.

Non-GAAP Financial Measures

This communication includes adjusted EBITDA, which is not presented in accordance with US GAAP. Adjusted EBITDA is not a measure of financial performance in accordance with US GAAP or any other GAAP and may exclude items that are significant in understanding and assessing the Global Growth Companies' financial results. Therefore, adjusted EBITDA should not be considered in isolation or as an alternative to net income or other measures of profitability or performance under US GAAP or any other GAAP. You should be aware that the Global Growth Companies' presentation of adjusted EBITDA may not be comparable to similarly-titled measures used by other companies.

The Global Growth Companies believe adjusted EBITDA provides useful information to management and investors regarding certain financial and business trends relating to the Global Growth Companies' financial condition and results of operations. The Global Growth Companies believe that the use of adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Global Growth Companies' financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Adjusted EBITDA is subject to inherent limitations as it reflects the exercise of judgments by management about which expense and income are excluded or included in determining adjusted EBITDA.

Use of Projections

This communication contains certain financial forecast information of the Global Growth Companies, including, but not limited to, estimated results for fiscal year 2023, including adjusted EBITDA and the Company's long-term business model. Such financial forecast information constitutes forward-looking information, and is for informational purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties. See "Forward-Looking Statements" above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this communication, and inclusion of such information in this communication should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. None of the Global Growth Companies' or Quadro SPAC's independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this communication, and, accordingly, neither of them has expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this communication. In addition, the analyses of the Global Growth Companies and Quadro SPAC contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Global Growth Companies or Quadro SPAC.

Additional Information and Where to Find It

In connection with the proposed transactions, the Global Growth Companies or Quadro SPAC (or an affiliate of Global Growth) or Quadro SPAC is expected to file a registration statement on Form S-4 or any other applicable form (the "Registration Statement") with the SEC, which will include preliminary and definitive proxy statements to be distributed to Quadro SPAC's shareholders in connection with Quadro SPAC's solicitation for proxies for the vote by Quadro SPAC's shareholders in connection with the proposed transactions and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Quadro SPAC's shareholders in connection with the completion of the proposed transactions. After the Registration Statement has been filed and declared effective, Quadro SPAC will mail a definitive proxy statement/prospectus and other relevant documents to its shareholders as of the record date established for voting on the proposed transactions. This communication does not contain all the information that should be considered concerning the proposed transactions and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transactions. Before making any voting or other investment decisions, Quadro SPAC's shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus statement and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with Quadro SPAC's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed transactions, as well as other documents filed with the SEC by Quadro SPAC in connection with the proposed transactions, as these documents will contain important information about the Global Growth Companies, Quadro SPAC and the proposed transactions. Shareholders may obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by Quadro SPAC with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a written request to Quadro Acquisition One Corp at 2685 Nottingham Avenue, Los Angeles, CA, 90027 or call at (917) 361-1177.

Participants in the Solicitation

The Global Growth Companies, Quadro SPAC and their directors and executive officers may be deemed participants in the solicitation of proxies from Quadro SPAC's shareholders with respect to the proposed transactions. A list of the names of Quadro SPAC's directors and executive officers and a description of their interests in Quadro SPAC is set forth in Quadro SPAC's filings with the SEC (including Quadro SPAC's prospectus related to its initial public offering filed with the SEC on February 16, 2021 and Annual Reports filed by Quadro SPAC with the SEC on Form 10-K) and are available free of charge at the SEC's website located at www.sec.gov, or by directing a written request to Quadro SPAC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the definitive proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the definitive proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a proxy statement or solicitation of a proxy, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Related link: https://greglindberg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Funding and Investment, Global Growth, Quadro Acquisition One Corp., Special Purpose Acquisition Company

Quadro Acquisition One Corp. to Merge with Group of Greg Lindberg’s Companies with an Estimated Pro Forma Enterprise Value of $3 Billion

LOS ANGELES, Calif. -- Quadro Acquisition One Corp., a NASDAQ-listed Special Purpose Acquisition Company ("Quadro SPAC") has agreed to acquire a group of seven companies in the sports collectibles, software, cloud-based IT and healthcare services segments with an estimated pro-forma enterprise value of $3 billion (referred to as the "Global Growth Companies"). These companies are affiliated with Global Growth, a private equity firm founded by Greg Lindberg. The name and the symbol under which Quadro SPAC will trade upon the completion of its business combination with Global Growth Companies will be determined at a later date.

The business combination is expected to be completed later this year, and is subject to various conditions, including court approval as described below, approval of Quadro SPAC's stockholders and the approval of the stockholders of the Global Growth Companies, and other customary closing conditions, including the filing of Quadro SPAC's registration statement and it being declared effective by the U.S. Securities and Exchange Commission (the "SEC") and receipt of governmental and other approvals.

The Global Growth Companies are a portfolio of stable recurring revenue businesses with high barriers to entry. The merged company is expected to be led by Prashant Upadhyaya as the CEO. Mr. Upadhyaya is a seasoned business executive with over 28 years of experience in advertising and marketing, media and publishing, certifications, research and consulting as well as healthcare information technology. Mr. Lindberg will not be an officer or director of the surviving company.

"We're thrilled to partner with Global Growth Companies in this unique business combination," said Dimitri Elkin, Chief Executive Officer of Quadro SPAC. "Our company focuses its partnerships on high-growth companies and the Global Growth Companies have shown a strong asset value in the market and a tremendous opportunity for growth and expansion."

"We're excited to work with Quadro SPAC to allow the public to invest in our companies for the first time," said Mr. Upadhyaya. "This group of seven Global Growth companies is well positioned for organic and inorganic growth with a significant pipeline of targeted acquisitions and I expect that this business combination will accelerate our efforts," said Upadhyaya.

Quadro SPAC's merger with the Global Growth Companies is expected to provide various benefits including:

* Improved access to capital markets with public company debt and equity financing.

* Replacing certain of the current independent trusts within the Global Growth Companies with public company oversight for improved accountability and performance focus.

* Enhanced transparency with public company financial reporting and governance.

The acquisition and related financing of the Global Growth Companies by Quadro SPAC is expected to accelerate plans for a successful platform acquisition strategy with improved access to capital markets. Both companies believe that the public company structure will significantly increase access to debt and equity markets and allow the group to rapidly close acquisitions from a significant pipeline of potential acquisitions that has been sourced globally.

The Global Growth Companies have been operating through various independent trusts and the merger with Quadro SPAC is expected to significantly enhance accountability to the shareholders by terminating certain of these trusts and by placing the Global Growth Companies under one chief executive officer and chief financial officer. The public company structure will also increase the transparency with public company financial reporting and governance in addition to expected improvements in performance and returns.

Among other conditions to the closing of the business combination, the proposed acquisition of the Global Growth Companies by Quadro SPAC and the related debt and equity financing transactions are subject to court and regulatory approval, including court approval for the repayment of indebtedness to certain affiliated insurance companies.

About Quadro Acquisition One Corp.

Quadro Acquisition One Corp. is a blank check company. The Company is focused on acquiring high-growth companies globally. Information: https://www.quadrocapital.com/.

About Global Growth

Global Growth is a global private firm with investments in healthcare technology, financial services, collectibles, and communications. Since its launch, the firm has developed relationships and invested in new markets and businesses using permanent capital. The company has operations in more than 20 countries and employs more than 7,000 people worldwide. For more information, visit https://www.globalgrowth.com/.

About Greg Lindberg

Greg Lindberg is a successful entrepreneur, philanthropist and author. Over the course of his career, he has acquired and transformed more than 100 companies that were either failing or underperforming, each time finding and empowering great talent and achieving positive business transformation. To learn more visit https://greglindberg.com/.

Forward-Looking Statements

This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Quadro SPAC and the Global Growth Companies have based these forward-looking statements on each of its current expectations and projections about future events. Some of the forward-looking statements are subject to the risk that the courts or regulators will fail to approve the transaction. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and operational metrics. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Global Growth's and Quadro SPAC 's management and are not predictions of actual performance. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may materially differ from assumptions. Many actual events and circumstances are beyond the control of Quadro SPAC and the Global Growth Companies. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about Quadro SPAC and the Global Growth Companies that may cause each of its actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Such risks and uncertainties include changes in domestic and foreign business changes in the competitive environment in which the Global Growth Companies operate; the ability of the Global Growth Companies to manage their growth prospects, meet their operational and financial targets, and execute their strategy; the impact of any economic disruptions, decreased market demand and other macroeconomic factors, including the effect of the COVID-19 pandemic, to the Global Growth Companies' business, projected results of operations, financial performance or other financial metrics; expectations as to future growth in demand for the products and services of the Global Growth Companies; the ability of the Global Growth Companies to maintain and develop their IT systems or data storage, including the security of its product offerings, or anticipate, manage or adopt technological advances within its industry; the Global Growth Companies' reliance on its senior management team and key employees; risks related to the lack of liquidity, capital resources and capital expenditures; failure to comply with applicable laws and regulations or changes in the regulatory environment in which the Global Growth Companies operates; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries that the Global Growth Companies and Greg Lindberg may face; assumptions or analyses used for Global Growth's forecasts relating to the Global Growth Companies proving to be incorrect and causing its actual operating and financial results to be significantly below its forecasts; the failure of the Global Growth Companies to maintain their current level of acquisitions or an acquisition not occurring as planned and negatively affecting operating results; the inability of the parties to successfully or timely consummate the proposed transactions, including the risk that any required regulatory approvals or court orders are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transactions or that the approval of the shareholders of Quadro SPAC is not obtained; the risk that shareholders of Quadro SPAC could elect to have their shares redeemed by Quadro SPAC, thus leaving the combined company insufficient cash to complete the proposed transactions or grow its business; the outcome of any legal proceedings that may be instituted against Global Growth or Quadro SPAC following announcement of the proposed transactions; failure to realize the anticipated benefits of the proposed transactions; risks relating to the uncertainty of the projected financial information with respect to Global Growth; the effects of competition; changes in applicable laws or regulations; the ability of Global Growth to manage expenses and recruit and retain key employees; the ability of Quadro SPAC or the combined company to issue equity or equity-linked securities in connection with the proposed transactions or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the impact of global or regional war or other armed conflict; the impact of the global COVID-19 pandemic or any future pandemic on Global Growth, Quadro SPAC, the combined company's projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; those factors discussed in Quadro SPAC's Quarterly Reports filed by Quadro SPAC with the SEC on Form 10-Q and the Annual Reports filed by Quadro SPAC with the SEC on Form 10-K, in each case, under the heading "Risk Factors," and other documents filed, or to be filed, with the SEC by Quadro SPAC. If any of these risks materialize or the Global Growth Companies or Quadro SPAC 's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither the Global Growth Companies nor Quadro SPAC presently know or that the Global Growth Companies and Quadro SPAC currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward looking statements reflect the Global Growth Companies' and Quadro SPAC 's expectations, plans or forecasts of future events and views as of the date of this communication. The Global Growth Companies and Quadro SPAC anticipate that subsequent events and developments will cause the Global Growth Companies' and Quadro SPAC 's assessments to change. However, while the Global Growth Companies and Quadro SPAC may elect to update these forward-looking statements at some point in the future, the Global Growth Companies and Quadro SPAC specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing the Global Growth Companies and Quadro SPAC 's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. An investment in the Global Growth Companies or Quadro SPAC is not an investment in any of the Global Growth Companies' or Quadro SPAC's founders' or sponsors' past investments or companies or any funds affiliated with any of the foregoing. The historical results of these investments are not indicative of future performance of the Global Growth Companies or Quadro SPAC, which may differ materially from the performance of past investments, companies or affiliated funds.

Use of Projections

This communication contains certain financial forecast information of the Global Growth Companies, including, but not limited to, estimated results for fiscal year 2023 and the Company's long-term business model. Such financial forecast information constitutes forward-looking information and is for informational purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties. See "Forward-Looking Statements" above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this communication, and inclusion of such information in this communication should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. None of the Global Growth Companies' or Quadro SPAC's independent auditors have audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this communication, and, accordingly, neither of them has expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this communication. In addition, the analyses of the Global Growth Companies and Quadro SPAC contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Global Growth Companies or Quadro SPAC.

Additional Information and Where to Find It

In connection with the proposed transactions, the Global Growth Companies or Quadro SPAC (or an affiliate of Global Growth) is expected to file a registration statement on Form S-4 or any other applicable form (the "Registration Statement") with the SEC, which will include preliminary and definitive proxy statements to be distributed to Quadro SPAC's shareholders in connection with Quadro SPAC's solicitation for proxies for the vote by Quadro SPAC's shareholders in connection with the proposed transactions and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Quadro SPAC's shareholders in connection with the completion of the proposed transactions. After the Registration Statement has been filed and declared effective, Quadro SPAC will mail a definitive proxy statement/prospectus and other relevant documents to its shareholders as of the record date established for voting on the proposed transactions. This communication does not contain all the information that should be considered concerning the proposed transactions and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transactions. Before making any voting or other investment decisions, Quadro SPAC's shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus statement and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with Quadro SPAC's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed transactions, as well as other documents filed with the SEC by Quadro SPAC in connection with the proposed transactions, as these documents will contain important information about the Global Growth Companies, Quadro SPAC and the proposed transactions. Shareholders may obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by Quadro SPAC with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a written request to Quadro Acquisition One Corp at 2685 Nottingham Avenue, Los Angeles, CA, 90027 or call at (917) 361-1177.

Participants in the Solicitation

The Global Growth Companies, Quadro SPAC and their directors and executive officers may be deemed participants in the solicitation of proxies from Quadro SPAC's shareholders with respect to the proposed transactions. A list of the names of Quadro SPAC's directors and executive officers and a description of their interests in Quadro SPAC is set forth in Quadro SPAC's filings with the SEC (including Quadro SPAC's prospectus related to its initial public offering filed with the SEC on February 16, 2021 and Annual Reports filed by Quadro SPAC with the SEC on Form 10-K) and are available free of charge at the SEC's website located at www.sec.gov, or by directing a written request to Quadro SPAC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the definitive proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the definitive proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a proxy statement or solicitation of a proxy, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Related link: https://www.quadrocapital.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Finvi SLG, Government

Avenu Insights & Analytics Announces the Acquisition of Finvi’s State and Local Government Division

CENTREVILLE, Va. -- Avenu Insights & Analytics ("Avenu"), the global leader in revenue recovery and administrative solutions for state and local governments, is proud to announce the acquisition of Finvi's State and Local Government ("Finvi SLG") Division. This strategic move marks a significant expansion of Avenu's offerings and capabilities in serving state and local governments.

The acquisition of Finvi SLG, a prominent player in cloud-based payment solutions and court-related software for local governments, is a landmark step for Avenu. It represents our commitment to providing comprehensive, innovative solutions that meet the evolving needs of government agencies and the communities they serve.

Finvi SLG is well-known for its government software solutions that streamline operations, enhance revenue recovery, and improve constituent communication. Its flagship products, RevQ+ and FullCourt Enterprise(tm), have set the standard in omnichannel communication, data integrity, automated workflows, and modern payment solutions.

Empowering Governments with Advanced Technology

This acquisition combines Avenu's extensive experience in enhancing government revenue, optimizing operations, and fostering community trust through digital solutions, with Finvi SLG's proficiency in payment processing and court case management.

The combined capabilities of both entities will offer governments:

* Centralized software and services platform for enhanced citizen experiences.

* Transformative court and legal system solutions, including the FullCourt Enterprise(tm) suite.

* Revolutionary payment processing and operational efficiencies through Finvi's RevQ+ solution.

* Efficient service delivery models that maximize resource utilization and minimize costs.

A Future of Innovation and Excellence

As we integrate Finvi SLG's solutions into our portfolio, Avenu renews its dedication to innovation, quality service, and client success. We are committed to a seamless transition that upholds the high standards our clients expect from us.

"The integration of Finvi SLG represents a transformative leap forward in our quest to revolutionize state and local government operations," said Paul Colangelo, CEO of Avenu Insights & Analytics. "The addition of Finvi SLG will enable us to offer a more comprehensive suite of solutions and services that will not only enhance government operations but also positively impact communities."

About Finvi SLG

Finvi is a premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, government, accounts receivable management, and financial institutions. Finvi allows its client partners to generate more revenue at reduced cost and fulfill their business outcomes by effectively engaging those who pay.

About Avenu Insights & Analytics

Over 3,500 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue recovery solutions. Avenu's comprehensive software solutions digitally transform government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Arlington Capital Partners. Learn how Avenu helps to unleash the power of compliance and maximize tax collection in this short Compliance Lifecycle video or visit https://www.avenuinsights.com/.

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-area private equity firm that has raised $8 billion in limited partner commitments since inception. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, healthcare, and business services and software. The firm's professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field. For more information, visit Arlington Capital's website at https://arlingtoncap.com/ and follow Arlington on Linkedin.

Related link: https://www.avenuinsights.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022