BIRMINGHAM, Ala. — Founders Investment Banking, LLC today announced that John W. Sullivan has joined its firm as Vice President. In this role, John will be responsible for assisting the group with market process management and coordination of the analyst team. This addition demonstrates Founders’ commitment to serve clients with a team of talented professionals….
BIRMINGHAM, Ala. (July 15, 2015) – The Principals of Founders Investment Banking, LLC are pleased to announce that Alere, Inc. NYSE: ALR (Alere) has purchased substantially all of the assets of US Diagnostics, Inc. (USD), a leading provider of drug testing devices. US Diagnostics’ shareholders received $60 million in cash at closing and were exclusively…
Birmingham, Ala. (May 12, 2015) – Founders Investment Banking, LLC (“Founders”) is pleased to announce that SmarterServices, LLC has completed a majority recapitalization with Main Line Equity Partners (“Main Line”), a Philadelphia-based private equity firm that invests in lower middle market software and technology-enabled companies. SmarterServices is an education technology company based in Alabama that…
BIRMINGHAM, Ala. (April 16, 2015) — Founders Investment Banking, LLC today announced that Mike McCraw has joined its firm as managing director of the newly formed Founders Strategic Advisory Practice. After a decade of advising business owners with transactions, Founders has developed vast knowledge and expertise on what makes a company sellable and how a…
BIRMINGHAM, Ala. (April 2, 2015) – The Principals of Founders Investment Banking, LLC announce the sale of Timco Services, Inc. (Timco), a leading provider of tubular running services and rental equipment, to Frank’s International N.V. – NYSE: FI (Frank’s). Timco and Frank’s entered into a definitive purchase agreement on March 12, 2015 and the transaction…
BIRMINGHAM, Ala. (March 23, 2015) – The Principals of Founders Investment Banking, LLC announce the sale of Eagle Automation Limited (“Eagle”), a leading automation and measurement services provider, to Panhandle Oilfield Services, Inc. (“Panhandle”), an integrated oilfield services company and portfolio company of Argosy Private Equity. Eagle’s management continued with Panhandle and was exclusively advised…