Cherry Tree Advises Renodis in Acquisition of 12 Points Consulting

Cherry Tree Advises Renodis in Acquisition of 12 Points Consulting

Renodis Announces Acquisition of 12 Points Consulting

Renodis expands hospitality telecommunications management services with the addition of 12 Points Consulting

ST. PAUL, MINN. (November 9, 2022) — Renodis, a leading telecom management firm, today announced the acquisition of 12 Points Consulting, a telecommunications equipment and managed solutions provider for the hospitality industry. This acquisition enhances Renodis telecom and utilities management services and enables the employees, partners, and clients of both companies even more positive benefits as a result of the combined capabilities.

Craig Beason, CEO and Owner of Renodis commented, “We are thrilled to welcome the 12 Points team and its clients to our company. This acquisition, along with the recent acquisition of The Eric Ryan Corporation, will strengthen our ability to offer a variety of services to our combined clients and prospects. Our priority is to ensure the resiliency of our clients’ connectivity, advise on the right technologies, and provide best-in-class managed solutions.”

“I am excited for this new adventure and the new services and value we can offer our clients,” said Curtis Olien, President of 12 Points Consulting. For almost 10 years, 12 Points has specialized in hospitality telecommunications and can provide, service, and support equipment for all hotel needs. Curtis and employees will continue to serve their clients as a subsidiary of Renodis, operating as: 12 Points, a Renodis Company.

For 20 years, Renodis has paved the way in client-centric connectivity technology solutions, driving a shift to end-to-end outsourced management. With solutions focused on Consulting, Sourcing, Lifecycle Management, and Expense Management, Renodis serves their clients’ full telecommunications and mobility environments. The Renodis Promise is to free IT leaders from telecom frustration while saving time, money, and increasing productivity.

Minneapolis based Cherry Tree & Associates served as the investment banking advisor to Renodis, and Faegre Drinker Biddle & Reath LLP served as their legal advisor on the transaction.

About Renodis
Renodis is a connectivity technologies consulting, sourcing, and managed services firm. We help enterprises accelerate their copper-to-cloud journey resulting in less frustration from managing legacy technologies and suppliers, better utilized IT talent, and improved support experience for their offices and people. All while client experience skyrockets and IT costs are reduced. A Saint Paul, Minnesota-based company since 2002, Renodis has helped hundreds of organizations with their connectivity technology transformations. Find out more at Renodis.com.

About 12 Points Consulting
12 Points Consulting provides, services, and supports telecom equipment and provides telecom expense management services in the hospitality industry. Based in Fargo, North Dakota since 2013, 12 Points has become a one-stop-shop for all of their clients’ facility and hardware equipment support needs, including 24/7 support. Find out more at 12PointsConsulting.com.

Cautionary note regarding forward-looking statements.

This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2008 (as updated in our subsequent reports filed with the SEC). These reports are available under the “Investors” section of our Web site at www.xata.com and through the SEC Web site at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

“We are thrilled to welcome the 12 Points team and its clients to our company. This acquisition, along with the recent acquisition of The Eric Ryan Corporation, will strengthen our ability to offer a variety of services to our combined clients and prospects. Our priority is to ensure the resiliency of our clients’ connectivity, advise on the right technologies, and provide best-in-class managed solutions.” 
—Craig Beason, CEO and Owner, Renodis

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

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Cherry Tree Advises Renodis in Acquisition of The Eric Ryan Corporation

Cherry Tree Advises Renodis in Acquisition of The Eric Ryan Corporation

Renodis Announces Acquisition of The Eric Ryan Corporation

Renodis expands utility and telecom management services with the addition of The Eric Ryan Corporation

Renodis, a leading telecom management firm, announced the acquisition of The Eric Ryan Corporation, a utility and telecommunications management solutions provider headquartered in Ellwood City, Pennsylvania. By joining companies under the Renodis umbrella, both firms, employees, partners and most importantly clients will all positively benefit from the combined breadth and capabilities.

“We are excited to welcome the ERC team and its clients to our company,” commented Craig Beason, CEO and Owner of Renodis. “This is our fifth acquisition on our continued growth journey and will expand our brand along the East Coast. Renodis’ most important priority has always been ensuring the resiliency of our clients’ connectivity, advising on the right technologies, and providing best-in-class managed solutions. Keith and his leadership team have built a tremendous customer experience for businesses under their Utility and Telecommunications Expense Management services. This will add value to our clients and provide new offerings to help them reduce costs and increase resiliency.”

The CEO of The Eric Ryan Corporation (ERC), Keith Venezie and employees will continue to serve ERC clients as a subsidiary of Renodis, operating as: ERC, a Renodis Company.

Keith Venezie, said, “I am delighted by the synergy between ERC and Renodis. Our missions and company values are very similar – to ensure our clients have access to the industry’s best outcomes and lower costs. We look forward to the positive impacts of our team joining Renodis and the new added value we can provide to our clients.”

For 20 years, Renodis has paved the way in client-centric connectivity technology solutions, driving a shift to end-to-end outsourced management. With solutions focused on Consulting, Sourcing, Lifecycle Management, and Expense Management, Renodis serves client’s full telecommunications and mobility environments. The Renodis Promise is to free IT leaders from telecom frustration while saving time, money, and increasing productivity.

Minneapolis based Cherry Tree & Associates served as the investment banking advisor to Renodis, and Faegre Drinker Biddle & Reath LLP served as their legal advisor on the transaction.

Pittsburgh based Gleason Advisors served as the investment banking advisor to Eric Ryan Corporation, and Meyer Unkovic & Scott, LLP served as their legal advisor on the transaction.

About Renodis
Renodis is a Connectivity Technologies Consulting, Sourcing, and Managed Services firm. We help enterprises accelerate their copper-to-cloud journey resulting in less frustration from managing legacy technologies and suppliers, better utilized IT talent, and improved support experience for their offices and people. All while client experience skyrockets and IT costs are reduced. A Saint Paul, Minnesota-based company since 2002, Renodis has helped hundreds of organizations with their communications technology transformations. Find out more at http://www.Renodis.com.

About The Eric Ryan Corporation
The Eric Ryan Corporation (ERC) has been in operation since 1990 providing utility and telecommunications consulting and auditing services to over 11,500 customers throughout the US and Canada. Based near Pittsburgh, PA, the company has been a leader in the hospitality industry and one of the nation’s largest and well-recognized utility and telecommunication consulting and management firms. ERC specializes in cost reduction through bill analysis, utility bill consulting, telecommunications bill consulting, rate reviews, and energy management services including energy incentives, energy rebates, and energy efficiency grants. Their telecommunication services include 24/7 help desk, cellular optimization, telecom services pricing, network design, circuit monitoring, security, and new construction management. ERC has provided cost-savings solutions for thousands of businesses in the educational, governmental, hospitality, commercial, retail, health care, non-profit, and industry sectors of the marketplace.

About Cherry Tree & Associates
Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota. Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies. Additionally, it conducts private placements for high quality, entrepreneurially managed growth companies, provides strategic advisory services for CEOs and boards of directors, and prepares fairness opinions and other valuation services.

Cautionary note regarding forward-looking statements.

This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2008 (as updated in our subsequent reports filed with the SEC). These reports are available under the “Investors” section of our Web site at www.xata.com and through the SEC Web site at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

“This is our fifth acquisition on our continued growth journey and will expand our brand along the East Coast. Adding value to our clients and providing new offerings to help them reduce costs and increase resiliency.” 
—Craig Beason, CEO and Owner, Renodis

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
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SIPC

Cherry Tree Advises Regent Education on its Investment from Attain Capital Partners

Cherry Tree Advises Regent Education on its Investment from Attain Capital Partners

Regent Education Announces Investment from Attain Capital Partners to Accelerate Growth and Innovation

FREDERICK, Md. June 8, 2022 /PRNewswire/ — Regent Education, the leading provider of Software as a Service (SaaS) solutions that automate and simplify the financial aid process for higher education institutions offering traditional and nontraditional enrollment models, today announced a significant growth equity investment led by Attain Capital Partners, with participation from Regent’s current lead investors Chrysalis Ventures, CNF Investments LLC, and New Markets Venture Partners. The company also announced that Greg Baroni, Founder and Managing Partner of Attain Capital Partners, will serve as Chair of the Regent Education Board of Directors.

Attain Capital Partners is a private equity firm which invests in expansion and growth-stage companies with innovative, technology-enabled solutions. A tech entrepreneur himself, Baroni helped launch a distributed learning group known as Blackboard—now part of Anthology—that became a first-mover and an industry leader. He has led a diverse portfolio of successful businesses throughout his career, including KPMG Consulting, Unisys, and more recently, Attain, LLC, selling the company’s federal business division in 2021. He also is the Founder and Chief Executive Officer of Attain Partners and Attain Sports and Entertainment.

“When it comes to financial aid software, there is none better than Regent. Their comprehensive, cloud-based solution enables institutions to improve business operations and mitigate compliance risks—all while improving the student experience, which is so essential to expanding access to an affordable post-secondary education,” said Baroni. “We look forward to collaborating with the Regent team as we grow the company and continue to simplify the most complex financial aid scenarios for our clients and the students they serve,” he continued.

“Attain Capital brings a rich understanding of higher education, and their guidance and investment provides considerable support to assisting Regent’s continued growth, scale, and financial aid product innovation,” said Jim Hermens, CEO of Regent Education. “Together, we look forward to accelerating Regent’s forward-leaning solutions for the education industry,” he said.

About Regent Education

Regent Education is the leading provider of Software as a Service (SaaS) solutions that automate and simplify the financial aid process for higher education institutions offering traditional and nontraditional enrollment models. Regent’s solutions encompass the automation of financial aid management, verification processes, student financial planning, and state financial aid applications. These solutions offer institutions an unprecedented ability to automate the financial aid process to increase efficiency, mitigate compliance risks, expand enrollment, improve the student experience, and enhance financial management and financial aid lifecycle visibility. Since its inception, Regent has packaged and delivered $5 billion in financial aid to more than 250,000 students. For more information, visit https://regenteducation.com/.

About Attain Capital Partners

Attain Capital Partners invests in growth-stage companies in the knowledge economy. We seek to partner with firms delivering high-value, technology-enabled solutions and services to businesses predominantly focused on serving the public sector markets, including education, government, healthcare, and nonprofits. Our mission is simple: Truly empower teams while building lasting partnerships that make an enduring, positive impact to improve humankind. For more information, please visit www.attain.capital

About New Markets Venture Partners

New Markets Venture Partners is a leading impact investor that accelerates growth-stage education and workforce technology companies.  The New Markets team has decades of experience supporting evidence-based, high growth companies that improve economic and social mobility by leveraging deep relationships with centers of education and workforce innovation.  New Markets prides itself on adding value to its portfolio companies before, during, and after the investment process, with the ultimate goal of improving both individual outcomes and the productivity of America’s education workforce system.  For more information, visit https://newmarketsvp.com/.

About Chrysalis Ventures

Chrysalis Ventures partners with management teams across mid-America to build businesses with enduring value through technology and active collaboration. Chrysalis Ventures manages more than $400 million and has invested in more than 70 companies during its 25-year history.  Chrysalis Ventures partners with talented management teams by providing the business intelligence, market knowledge, deep resources, technological expertise, and financial discipline that are critical to success.  Chrysalis takes a direct, straightforward approach in its work and relationships, challenging itself and its management teams to exceed expectations and deliver superior results. 

Contact
Regent Education
Diane Eves, Marketing Director
(301) 662-5592 or marketing@regenteducation.com

SOURCE Regent Education

 

Minneapolis based Cherry Tree & Associates served as the investment banking advisor to Regent Education on this transaction.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

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Cherry Tree Advises Aperture Education on its Sale to Riverside Insights, A Portfolio Company of Alpine Investors

Cherry Tree Advises Aperture Education on its Sale to Riverside Insights, A Portfolio Company of Alpine Investors

Riverside Insights Acquires Aperture Education

Riverside’s Achievement and Ability Assessments Combine with Aperture’s Rigorous SEL Tools to Provide Educators with a Holistic View of Students

Riverside Insights®, a leading developer of research-based assessments and analytics, today announced its acquisition of Aperture Education, the leading provider of research-based social and emotional learning (SEL) assessments for K-12 schools. With more than 65 years of combined research and SEL experience, Aperture sets the standard for research-based SEL assessment solutions. The addition of Aperture’s SEL solutions to the Riverside portfolio of research-based ability and achievement assessments will help K-12 educators obtain the most valid, reliable, and comprehensive view of each learner. Through use of the highest quality and most rigorous tools, educators are empowered to better understand and support student growth. Riverside is a portfolio company of Alpine Investors, a people-driven private equity firm. Terms of the deal were not disclosed.

The Aperture team has developed the DESSA suite of assessments to meet the needs of students and educators. Based on the CASELTM framework, the DESSA assessment system provides an in-depth, comprehensive view of student social and emotional skills and is entirely strength-based.

“With our K-12 solutions for students and educators, Aperture and Riverside have a synergistic goal of enriching one billion lives globally by 2030,” said Rajib Roy, CEO of Riverside Insights. “With Riverside’s strong research tradition blended with Aperture’s SEL product expertise and vision, we are excited to continue our commitment to creating insights to understand the whole learner. Together, we believe that through our assessments, we can make a greater impact in the lives of students and educators.”

“Riverside and Aperture have very similar company cultures. We share an entrepreneurial energy and have fixed our eyes on future growth,” said Jessica Adamson, CEO at Aperture Education. “With our research-roots, we believe the right insights empower educators to better serve students, and together, we believe we can more effectively reach educators to scale our impact.”

About Aperture Education
Aperture Education has empowered over 6,500 schools and out-of-school time programs across North America to measure, strengthen, and support social and emotional competence in K-12 youth and educators. The Aperture System includes the DESSA suite of strength-based assessments, CASEL™-aligned intervention strategies, and robust reporting, all in one easy-to-use digital platform. This system enables education leaders to make strategic, data-based decisions about SEL within their organizations. Aperture has supported more than one million students in their social and emotional growth and continues to develop innovative solutions to bring the whole child into focus. To learn more, visit http://www.ApertureEd.com.

About Riverside Insights
Riverside Insights, one of the nation’s leading and most long-standing developers of research-based assessments, is led by a powerful mission: to provide insights that help elevate potential and enrich the lives of students, clinical patients, employees, and organizations globally. For more information, visit http://www.RiversideInsights.com.

About Alpine Investors
Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a talent program that allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund. For more information, please visit http://www.alpineinvestors.com.

source: https://www.prweb.com/

 
Minneapolis based Cherry Tree & Associates served as the investment banking advisor to Aperture Education on the transaction.

“With our K-12 solutions for students and educators, Aperture and Riverside have a synergistic goal of enriching one billion lives globally by 2030,” 

Rajib Roy

CEO, Riverside Insights

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

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SIPC

Cherry Tree Advises CIM Audio Visual / CCS Presentation Systems on its Sale to AVI Systems

Cherry Tree Advises CIM Audio Visual / CCS Presentation Systems on its Sale to AVI Systems

AVI Systems to Acquire CIM Audio Visual / CCS Presentation Systems in Indiana

AVI expands its ability to serve the U.S. education market with proven interactive technology, cloud-based conferencing, and audiovisual systems

MINNEAPOLIS / COLUMBUS, IND. – May 2, 2022 – AVI Systems, the largest global audiovisual service provider, today announced it will acquire CIM Audio Visual / CCS Presentation Systems – Indiana, a full-service audiovisual systems provider serving the education and corporate markets. With approximately 35 employees, CCS operates from its headquarters in Columbus, Ind.

“This acquisition immediately expands AVI’s capabilities in the education marketplace,” said Jeff Stoebner, CEO of AVI Systems. “CIM was part of CCS Presentation Systems, the sixth-largest AV systems integrator in the U.S., and has served the K-12 and higher ed markets for decades creating a solid footing on the growing technology needs of educators. When combined, AVI’s global reach and strength in service, coupled with the expertise CIM has developed, will be a winning combination.”

CIM Audio Visual was created by John and Sue Gayman in 1983 with a focus on providing school libraries and media centers with new technologies. As the business grew, CIM became part of CCS Presentation Systems and began to serve corporate industries and emerging markets, including digital curriculum software, one-to-one programs, mobile video conferencing, and Intranets.

“Joining AVI Systems presents many opportunities for both companies,” said Dale Gayman, CEO at CIM. “The AV industry is rapidly changing how educators reach students and we have a solid foundation in this space. Meanwhile, AVI has the infrastructure and ability to serve organizations throughout the United States. As a single entity, we’ll help make AVI a powerhouse in the education market.”

All CIM employees will be invited to transition to AVI, joining the company and its 750-plus employee-owners. CIM’s Gayman and CFO David Theile will continue in leadership roles once the transaction is completed.

With this acquisition, AVI will have nearly 800 employees working from locations in 25 cities in the United States. The company is also the major shareholder in GPA – which enables AVI to serve large, multi-national organizations that have operations around the world.

About CIM / CCS Presentation Systems

CIM Audio Visual / CCS designs custom AV solutions to meet the needs of companies, school districts, and classrooms. Since 1983, the company has grown to specialize in interactive technology, cloud-based conferencing, and high-quality audio-visual products to improve efficiency, increase collaboration, and enhance presentations. For more information, visit www.ccsavpro.com.

About AVI Systems

Organizations that value the power of visual communications trust AVI Systems to enable people and teams to communicate their critical ideas. As the largest global audio-visual service provider, AVI solutions are used to accelerate decision making, improve human interactions and create immersive digital experiences. For more information about AVI Systems, visit www.avisystems.com.

Source: www.avisystems.com

 

Minneapolis based Cherry Tree & Associates served as the investment banking advisor to CIM Technology Solutions.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

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