By Generational EquityAug 22, 2019, 07:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Softrak Systems Inc., to Arcaccsoft Corporation. The acquisition closed May 1, 2019 and details were not disclosed.
Softrak Systems Inc. was founded in 1985 and is located in Vancouver, British Columbia. The Company develops, publishes, and supports Adagio Accounting, a full line of accounting software, comprised of 19 modules targeted at small to medium sized businesses.
Arcaccsoft Corporation, a New Jersey-based software application company, saw Softrak as a good add-on for them.
Generational Equity Executive Managing Director M&A – West, Stephen Crisham, and his team, led by Senior M&A Advisor Ted Rattenberry, with support from Managing Director Mergers & Acquisition Mike Meredith, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with Softrak Systems.
“There was a strong strategic fit between the two companies,” said Rattenberry. “The acquisition presents the opportunity for Arcaccsoft to expand its services offered and increase its market share while presenting additional career advancement opportunities to Softrak’s staff.”
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With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
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