Founders Investment Banking, LLC (“Founders”) is pleased to announce that TicketBiscuit, LLC (“TicketBiscuit”) has completed a growth capital funding round with C&G Capital Partners, LLC (“C&G”), a private investment company based in Tuscaloosa, Alabama that serves high-growth companies in the Southeast. Headquartered in Birmingham, Alabama, TicketBiscuit provides proprietary software that powers the online ticket sales of hundreds of venues, promoters, and artists across the United States and Canada. TicketBiscuit has experienced rapid growth by helping clients maximize revenue and profitability, while also consistently pioneering new and improved features for its web-based ticketing and event management system that enable clients to more effectively and efficiently reach their targeted customers.
“Since TicketBiscuit’s founding almost ten years ago, we’ve relentlessly focused on innovating to help clients sell more tickets, meanwhile delivering world-class service,” commented Jeff Gale, President and CEO of TicketBiscuit. “As a result, we’ve grown both steadily and organically, establishing a firm and loyal client base. Our relationship with C&G will allow us to execute a more aggressive growth strategy while continuing to invest in the service and technology at TicketBiscuit’s core.”
“TicketBiscuit exhibits the exceptional growth opportunity, proven business model, and committed management team that we look for in our investments,” stated John Gaffney, President and Principal at C&G. “TicketBiscuit’s technology leadership and customer service excellence have positioned it to be the leading web-based ticketing and event management system provider in this growing market.”
Founders acted as the exclusive financial advisor to TicketBiscuit shareholders in the transaction. “This investment exemplifies TicketBiscuit’s accomplishments and their expanding influence in the ticketing space,” indicated Zane Tarence, Managing Director of Founders’ Technology Practice. “The capital influx will fuel the company’s growth initiatives and acquisition strategy, while also providing the opportunity to leverage C&G’s broad experience and capital base.”
TicketBiscuit, founded in 2001, provides proprietary software that powers the online ticket sales of over 500 clients in 1500 venues across the United States and Canada. TicketBiscuit’s complete suite of services and solutions empowers clients to sell tickets online through their own websites, via call center, and via the TicketBiscuit web-based box office interface. For more information on TicketBiscuit, please visit http://www.ticketbiscuit.com.
C&G Capital Partners is a private investment company based in Tuscaloosa, Alabama. C&G’s focus is minority equity investments in Southeastern companies with high growth potential, proven business models, and committed management teams. C&G is the pooling of personal assets of the two principals, Mike Chambers and John Gaffney. Chambers is the former Founder and CEO of Tuscaloosa, Alabama-based River Gas Company. Gaffney formerly served as an executive officer and Head of Commercial Banking for AmSouth Bank in Birmingham, Alabama. For more information about C&G Capital Partners, please contact John Gaffney at (205) 345-9063.