BIRMINGHAM, AL. (December 23, 2024) – Founders is pleased to announce the sale of DRT Performance Tix (“DRT”), a leading provider of online ticketing solutions, to Banyan Software (“Banyan”). DRT was exclusively advised by principals of Founders Advisors, LLC (“Founders”) in this successful transaction.

Founded in 2012 and led by CEO Josh Olson, DRT operates an online ticketing platform serving dance studios, performing arts schools, colleges and universities, venues, festivals and other events. A trusted ticketing partner to the performing arts ecosystem, DRT leverages its best-in-class technology and dedicated customer support team to ensure the flawless execution of recitals, shows, and other events.

“As the founders of DRT Performance Tix, we had zero M&A experience when we decided to sell our business. With multiple companies pursuing us, we needed a partner who could navigate the complexities of the process and ensure we secured the best possible deal. Choosing Founders was, without a doubt, the right decision for myself, Stephanie (DRT partner) and our whole team” said Josh Olson, Founder & CEO of DRT. “From the outset, Founders stood out – not just because they had experience selling a company in our industry, but because they genuinely “got it” and understand how important a decision this is for any founder. They understand the unique challenges and nuances of our business, and their personable, approachable style made it easy to trust them.”

Tristan Jordan, Operating Partner at Banyan, said, “DRT Performance Tix brings another niche software provider, proven to be the best at what it does, to the Banyan family. Market feedback has been consistent that DRT’s product and white glove service stand above other online ticketing solutions. Ticketing is always customized, easy and accurate for attendees, and helps grow revenue for dance, theater, sports, and other programs. We look forward to working alongside Josh, Stephanie, and their team to support DRT’s growth and success.”

Chris Weingartner, Managing Director at Founders, said, “It was great to work with Josh and Stephanie to find the right partner that not only valued the fantastic platform they’ve built, but also one who will continue to invest and support DRT’s future growth.  The foundation the DRT team has built is rock solid, and we’re excited to watch them continue to grow and serve their customers fantastically with Banyan’s partnership.”

To view the full transaction announcement, please visit: Banyan Software Acquires DRT Performance Tix

About DRT

DRT, established in 2012 and headquartered in Augusta, Georgia, is a leading provider of online ticketing solutions. With a robust presence across North America, they specialize in delivering comprehensive, high-touch ticketing solutions to customers of all sizes across the performing arts ecosystem. For more information, please visit www.drttix.com.

About Banyan

Banyan Software, founded in 2016 and headquartered in Atlanta, Georgia, is an investment company committed to acquiring, building, and growing software businesses all over the world. A long-term growth partner, Banyan provides its portfolio of companies with dedicated capital and resources to optimize operations, maximize growth, and ultimately partner with founders and entrepreneurs looking to find the right home for their business. For more information, please visit www.banyansoftware.com.

About Founders

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.