BOSTON–(BUSINESS WIRE)–733Park, a mergers and acquisitions advisory firm, has successfully advised CDE Services, Inc. in its acquisition by Milestone Partners, a private equity firm.
“We are beyond happy to have advised CDE Services in their acquisition by Milestone Partners,” said 733Park founder Lane Gordon, “It was a pleasure to represent CDE and to bring this transaction to fruition; we are sure that both teams will encounter more successes together. The second half of 2023 has been extremely busy for 733Park as buyers have adjusted to the ‘new’ interest rate environment and have returned in droves. We are bullish on our payment industry and SaaS M&A transaction volume as well as valuations going into 2024.”
Milestone Partners is a private equity firm that specializes in partnering with management on investments, specifically targeting “leveraged buyouts and recapitalizations of lower middle-market businesses in technology-enabled services and financial solutions industries”.
Headquartered in Boston, 733Park is the premiere market maker for buying or selling ISOs, merchant portfolios, ISVs, or SaaS. 733Park, under the direction of Lane Gordon, a 20-year M&A veteran, represents payments and software companies looking for successful exits and buyers looking to execute specific acquisition or roll-up strategies. 733Park is a boutique mergers and acquisition advisory firm specializing in payments, fintech, SaaS, and ISVs.
About Milestone Partners
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle-market businesses. Milestone targets niche, high margin segments that have compelling supply/demand dynamics within technology enabled services and financial solutions. Transaction targets typically have revenues of $10-$250 million and EBITDA / pre-tax earnings of $3-$50 million. Based in suburban Philadelphia, Milestone Partners has closed a total of over 100 acquisitions, add-ons and sale transactions since 1995, while managing over $1.0 billion of committed equity capital.
About CDE Services, Inc.
CDE Services Inc. provides a fully integrated solution for a multitude of payment processing needs and various ancillary products to a growing recurring revenue base of 24,000 merchants and retailers. The company specializes in electronic benefits distribution (EBT) and credit/debit processing for convenience stores, grocery stores and pharmacies. CDE’s integrated solution also includes other applications such as over-the-counter (OTC) insurance product benefits, age verification and digital couponing. Additionally, CDE provides customized point of sale device encryption, deployment and activation services for industry leading strategic partners.